Plant-Based Egg Maker Eat Just Gets New Funding Amid Cash Crunch
- Company produces plant-based eggs and cell-based chicken
- Making money on protein alternatives has been very challenging
A bottle of Just Inc. Egg plant-based scramble.
Photographer: Gabby Jones/BloombergThis article is for subscribers only.
Eat Just Inc., a closely held maker of cultivated chicken and plant-based eggs, secured new funding to help the company out of a tight financial situation.
Ahimsa Foundation, a nonprofit, provided $16 million in new capital to help Eat Just grow and become sustainable, said Satish Karandikar, a principal at Ahimsa and VegInvest Trust. Both organizations have been significant investors in Eat Just and share the company’s goal of working toward a more humane food system, he said.