Rebellyous Foods, a Seattle-based food manufacturing technology company, announced it has raised $9.5 million in an equity round to expand its patented production technology.
The company was founded in 2017 by former Boeing engineer Christie Lagally with the goal of making plant-based meat more accessible and available to consumers through cost-effective solutions.
The company’s unique technology enables plant-based chicken production at cost-parity to animal-based chicken, a significant step forward in the growing plant-based meat industry. Plant-based chicken is the second-fastest growing segment of the market and is expected to continue its strong growth trajectory. Rebellyous’ products are already available in over 1,000 retail locations and 100 school districts across the United States.
Rebellyous Foods’ novel production equipment has five patents pending and re-invents the process of manufacturing plant-based meat with continuous, automated, self-contained processing equipment and methods.
According to Rebellyous Foods, this technology results in a 90% reduction in production workforce costs, a 10% reduction in energy costs, a 33% reduction in footprint on the production floor, a 25% reduction in sanitation staff, and a 90% reduction in material waste through continuous production. Additionally, it provides a more comfortable working environment for employees.
The plant-based meat industry has been growing rapidly in recent years, but the high cost of production has been a barrier to widespread adoption. Rebellyous Foods’ technology aims to overcome this challenge by making plant-based meat price-competitive with traditional chicken products.
The $9.5 million in funding is a testament to investors’ belief in Rebellyous Foods and its technology. The company’s mission to grow accessibility and availability of plant-based meat through tech-backed solutions is more important than ever as the world seeks viable solutions to animal agriculture.
“During a tough economic slump, we are thrilled by this testament to investors’ belief in Rebellyous and in price parity as a solution to sustained growth of plant-based meat in the marketplace,” said Christie Lagally. “The world is in desperate need of viable solutions to animal agriculture, and we are delighted we are one step closer to delicious, affordable plant-based meat for all.”