About Beyond Meat
Beyond Meat is a food processing company that specializes in providing plant-based meat.
Headquarters
Beyond Meat, Manhattan Beach
Founded
2009-01-01
Industry
Alternative Protein, Food and Beverage, Food Processing, Nutrition, Organic Food, Plant-Based Foods
Last Funding Type
Undisclosed
Valuation
1.5
Total Funding
$158.05 million dollars
IPO Status
Public
Financial
Beyond Meat Inc. is focused on developing meat-like food products that emulate the properties of animal meat using plant-based ingredients. Their research includes creating a structured protein product with an agent release system, ensuring the product has a meat-like texture and flavor profile. They are also innovating in lipid compositions to enhance the functional and nutritional properties of their products, incorporating ingredients like sal butter to achieve these goals. These advancements aim to improve the sensory experience and health benefits of plant-based meats.
Beyond Meat continues to face significant challenges, including an 18% drop in Q1 2024 revenue and a wider-than-expected quarterly loss. The company is also dealing with declining demand, higher prices, and the loss of major restaurant partners like Carl's Jr. and Del Taco. Additionally, Beyond Meat is in talks with bondholders about a balance-sheet restructuring to address its financial difficulties.
Beyond Meat continues to face significant challenges, including an 18% drop in Q1 2024 revenue and a wider-than-expected quarterly loss. The company is also dealing with declining demand, higher prices, and the loss of major restaurant partners like Carl's Jr. and Del Taco. Additionally, Beyond Meat is in talks with bondholders about a balance-sheet restructuring to address its financial difficulties.
Funding Rounds
15
Number of Lead Investors
6
Total Funding Amount
$158.05 million dollars
Number of Investors
29