This week, Canada-based Eat Beyond Global Investment Fund launched with the mission of supporting the growth of new businesses in the booming plant-based sector. Plant-based food companies have raised more than $16 billion in the last decade, with record gains of $13 billion in 2017 and 2018 alone, according to a report released last year by non-profit group Good Food Institute. “This is clearly a growing sector, and we noticed that there weren’t many opportunities for the retail investor to participate, so we created one ourselves. We spent over a year reaching out to over 100 companies worldwide, and the innovation that we saw blew us away,” said Patrick Morris, CEO of Eat Global. “I expected to see 100 different types of vegan burger patties, but we found companies creating everything imaginable, and have decided to focus our efforts on alternatives in four key areas: meat, seafood, eggs, and dairy.” The Eat Beyond team consists of food industry veterans which include consumer goods expert Diane Jang, food distribution expert Alan Linder, and Lloyd Lockhart—co-founder of Canadian grocery chain Choices Market. “We are truly passionate about supporting innovation in the plant-based food movement,” Morris said. “The positive impact that these products can have on people’s health, as well as the environment, are immeasurable.”
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