Eat Just Inc., the San Francisco-based maker of plant-based egg products, raised $170 million in new funding to help expand its cell-based meat subsidiary.
Funds were raised from UBS O’Connor, a hedge fund manager within UBS Asset Management, Graphene Ventures, K3 Ventures and others. The money will be used to increase Good Meat’s production capacity and accelerate research for cultivating meat from cells harvested from animals.
