Chilean Foodtech NotCo sells plant-based milk, cheese, burgers, meat, ice cream, mayonnaise, chicken, and more. In July 2021, NotCo became a unicorn after a USD $235M funding round, and in February 2022 the company announced a joint venture with Kraft Heinz.
The Chilean foodtech unicorn founded by Matías Muchnick recently raised USD $70M in an extension of its Series D round. NotCo is valued at $1.5B and is preparing for its IPO in 2025.
The round was led by Princeville Capital, a U.S. investment fund focused on sustainable projects on a global scale. Previous backers include Tiger Global Management, Kaszek Ventures, Union Square Hospitality Group, L Catterton, Trousdale Ventures, and Jeff Bezos through Bezos Expeditions.