Plant-Based Egg Company Eat Just Raises $200 Million In New Investment

24 March 2021

Eat Just, a San Francisco-based plant-based egg company has closed a $200 million funding round led by Qatar's Investment Authority, along with the private investment firm Charlesbank Capital Partners and Vulcan Capital by Microsoft Corp co-founder Paul Allen.

The company, currently valued at $1.2 billion, plans to use the capital raised to “build capacity for Eat Just’s pioneering products,” enter international markets and hasten R&D. It will also be welcoming representatives from Qatar Investment Authority and Charlesbank to its board.

Eat Just was founded in 2011 and became popular in the U.S. after the success of its plant-based egg called JUST Egg, made from mung bean. According to the company, it has raised over $650 million in investments till date.

Eat Just also made headlines in December 2020 after issuing the world's first approval for the sale of lab-grown chicken by the Singapore government.

The global plant-based meat, dairy and egg sector raised a whopping $2.1 billion in 2020, the highest amount secured by this sector in one year. 

The Indian market has also seen developments in the plant-based egg sector by brands such as PlantMade which was developed by IIT Delhi students and researchers, as well as EVO Foods, which raised an angel investment last May.