Eat Just Secures $200M in Funding to Advance their Food Tech Alternatives
Eat Just – a plant and cell based alternative food tech company – just raised $200 million in their latest investment round. The investment was funded by the Qatar Investment Authority and will go towards advancing their development of these food products.
The R&D and manufacturing center in Minnesota is responsible for the creation of their product, Just Egg – a plant based egg alternative. They have sold the equivalence of 100 million chicken eggs with this mung bean-based egg alternative. This egg alternative is already in many U.S. restaurants including Peet’s Coffee and Saxby’s, and is set to expand in many more thanks to a partnership with Michael Foods. They have also just received approval for their cell-based chicken in Singapore. The latest funding will help to further these research developments and bring plant and cell-based products to a larger audience.
Are you developing new technology for an existing application? Did you know your development work could be eligible for the R&D Tax Credit and you can receive up to 14% back on your expenses? Even if your development isn’t successful your work may still qualify for R&D credits (i.e. you don’t need to have a patent to qualify). To find out more, please contact a Swanson Reed R&D Specialist today or check out our free online eligibility test.
Who We Are:
Swanson Reed is one of the U.S.’ largest Specialist R&D tax advisory firms. We manage all facets of the R&D tax credit program, from claim preparation and audit compliance to claim disputes.
Swanson Reed regularly hosts free webinars and provides free IRS CE and CPE credits for CPAs. For more information please visit us at www.swansonreed.com/webinars or contact your usual Swanson Reed representative.