Asia’s Richest Businessman Invests in Beyond Eggs
Billionaire investment mogul Li Ka-Shing is investing millions in Hampton Creek Foods.
February 23, 2014
Hampton Creek Foods is on the frontier of animal alternatives, and its Beyond Egg product is garnering the attention of heavy-hitting investors who play to win. Hampton has secured funding from Microsoft billionaire Bill Gates, Yahoo co-founder Jerry Yang (and his company AME Cloud Ventures), and hedge fund billionaire Tom Steyer. Recently, Tetrick also garnered the attention of Asia’s richest businessman, Li Ka-Shing, whose tech-investment firm, Horizons Ventures, will input $23 million. Ka-Shing’s choice to fund Beyond Eggs may be influenced by his native country China’s heavy reliance on eggs, and the ecological devastation the farming industry has caused. “Everyone wants a clean and sustainable world, and we love that Hampton Creek is committed to that goal—egg by egg,” says Li in a statement. According to Forbes, Li has a track record of tech-savvy investments, and has allocated money to Skype, Facebook, and Spotify in the past.
Photo credit: Forbes