Vegan Chicken Company Raises $10 Million

New Zealand’s Sunfed Meats secures a major investment—in part from the country’s government—to expand its vegan meat products globally.


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New Zealand-based vegan meat company Sunfed Meats recently closed a $10 million Series A investment round that included funding from government group New Zealand Venture Investment Fund. In 2016, founders Shama and Hayden Lee debuted their flagship product “Chicken Free Chicken”—made from yellow pea protein, water, vegetable powder, plant starch, and a yeast extract—which has consistently sold out at 63 New Zealand retailers this year. “As eating habits change and as desire increases for greater choice when selecting sources of food, we see alternative proteins like Sunfed playing a large part in consumers’ lives,” said Sir Stephen Tindall of investment firm K1W1, which participated in the current funding round. “We are very excited to be able to play a part in the Sunfed journey.” Sunfed Meats will use the funding to produce new products (such as “Pig Free Bacon” and “Cow Free Beef”) and expand its distribution internationally.