Renewal Funds has invested in Rebellyous Foods a Seattle-based FoodTech company developing automated manufacturing technology to lower the cost of plant-based protein production.
Rebellyous founder Christie Lagally identified the inefficiencies of producing plant-based proteins through conventional equipment and manual processes. These inefficiencies are a main contributor to the price premium on these products which creates a barrier to customer adoption. Lagally’s mechanical engineering background helped her develop innovative and scalable automated manufacturing technology engineered specifically for plant-based protein production. At scale, Rebellyous’ could catalyze a shift in pricing and economics for the entire plant-based protein industry.
Renewal Funds is pleased to have participated in the company’s Series B round in January 2023. With the new equity funding, Rebellyous will focus on building out their Mock 2 technology and utilizing it to produce price-parity plant-based chicken products. This round is a significant inflection point in the Company’s trajectory as it will launch the core technology into production and allow them to achieve a category-changing cost structure for plant-protein products.
Read more about the partnership here.