Since launching its first product in 2016, Laird has grown revenue from $0.6M to $13.1M in 2019, increasing at a CAGR of 185%. In the same period, gross margins expanded from 25% to 39%. [more]
The plant-based food industry is continuing to disrupt traditional food products and processes, as consumers change behaviours towards veganism and healthier food options, while incidences of intolerance for animal proteins increase. [more]
Earlier this month, California-based Perfect Day, a food technology company focused on plant-based dairy products, announced an expansion to its Series C funding round through a US$160 million investment led by the Canada Pension Plan Investment Board, increasing total proceeds to US$300 million. [more]
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