Unovis Has Received $162 Million to Invest in Protein Alternatives
Colin Smith — January 31, 2022 — Eco
References: unovis.vc & globenewswire
'Unovis,' the sustainability-driven asset management firm, has received $162 million in funding that it will use to invest in plant-based meat alternatives. Unovis has noted that the need to reduce damage to the environment caused by the meat industry, as well as the need to create better animal safety conditions, are both prongs that can be addressed through large-scale support of alternative proteins.
Unovis's first funding was in 2015 whereby the firm raised $45 million for the same cause. The $162 million it has raised in 2022 is more than three times larger, which showcases the increase in corporate demand and consumer interest in plant-based protein in recent years.
Unovis is looking to invest in companies committed to innovating in the plant-based protein market with hopes of achieving a large-scale change in the industry.
Image Credit: Shutterstock
Unovis's first funding was in 2015 whereby the firm raised $45 million for the same cause. The $162 million it has raised in 2022 is more than three times larger, which showcases the increase in corporate demand and consumer interest in plant-based protein in recent years.
Unovis is looking to invest in companies committed to innovating in the plant-based protein market with hopes of achieving a large-scale change in the industry.
Image Credit: Shutterstock
Trend Themes
1. Plant-based Proteins - Innovations in plant-based proteins are disrupting the traditional meat industry and providing a sustainable solution for consumers.
2. Sustainability-driven Investing - Unovis's success in raising significant funding for plant-based meat alternatives highlights a growing trend of investors seeking sustainable investment opportunities.
3. Consumer Demand for Alternatives - Increasing consumer interest in plant-based proteins creates opportunities for businesses to meet this demand with innovative alternative products.
Industry Implications
1. Food & Beverage - Companies in the food and beverage industry can innovate by developing plant-based protein alternatives that satisfy consumer demand for sustainable, ethical, and healthy food options.
2. Investment Management - Unovis's example shows investment management firms can provide disruptive innovation opportunities by seeking out funding for sustainable and innovative companies committed to reducing harm to the environment.
3. Agriculture - Innovation in the agriculture industry can help develop better plant-based protein sources to meet rising demand and create a more sustainable food system.
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