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Rapper Drake Invests in Faux-Chicken Maker’s $40 Million Round

  • Daring Foods, founded in 2018, debuted first items last year
  • Imitation chicken is picking up steam amid rising competition
DrakePhotographer: Kevin Winter/Getty Images

In another sign of the faux meat boom, Daring Foods Inc. has raised $40 million from investors -- including entertainer Drake -- after debuting its plant-based chicken last year.

The series B funding round was led by D1 Capital Partners and joined by existing investors Maveron and Palm Tree Crew, Daring said. The company, which declined to comment on its valuation, raised $8 million in October.