Vegan Cheesemaker Miyoko’s Raises $52 Million
- Company to use investment on marketing, hiring new employees
- Plant-based cheese represents fast-growing niche of market
Source: Miyoko’s Creamery
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Miyoko’s Creamery, a maker of imitation cheese and butter, raised $52 million in new funding as investors flock to plant-based proteins.
The series C funding round was led by PowerPlant Partners, a group that focuses on sustainable consumer companies, which invested $40 million. JMK/Cult Capital, Obvious Ventures, Stray Dog and CPT Capital are also participating. Miyoko’s Creamery didn’t disclose its latest valuation.