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Faux-Chicken Maker Simulate Valued at More Than $250 Million in New Funding

  • $50 million funding round led by Ohanian’s Seven Seven Six
  • Plant-based food alternatives are surging in popularity
Simulate Nuggs and Discs.
Simulate Nuggs and Discs.Source: Simulate

Simulate, a startup that makes faux-chicken nuggets with ambitions to expand into other meat alternatives, raised $50 million in a funding round led by Reddit co-founder Alexis Ohanian’s venture firm Seven Seven Six.

Other investors include Chris Sacca and Crystal Sacca, Nomo Ventures, McCain Foods, Imaginary Ventures and Day One Ventures, Simulate Chief Executive Officer and co-founder Ben Pasternak said in an interview. The round values Simulate at more than $250 million, according to a person with knowledge of the matter.