Fazenda Futuro, one of a number of meat-free businesses to have emerged in Latin America, has secured its first listing in the UK.
Sainsbury’s, the UK’s second-largest grocer by sales, is stocking four products made from a blend of peas, soy and chickpea proteins.
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Fazenda Futuro’s products are on sale in 15 markets and the company aims to double that amount by the end of the year.
Pedro Zuim, Fazenda Futuro’s marketing director, said the company wants to build “a truly global brand”.
He added: “Brazil is the third largest food producer in the world, and some day soon it will be the biggest, if there is a global meatless meat substitute it should be Brazilian.”
The company’s latest announcement of funding came in September. The firm, founded in Rio de Janeiro, said it had attracted BRL115m (then US$21.3m) in new financing, building on the $8.5m it received last year soon after its official launch.
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By GlobalDataThe September round was led by Brazilian investment firm BGT Pactual, local wealth-management business Turim MFO, and Enfini Investments, part of PWR Capital Group.
Also taking part were Brazilian venture-capital fund Monashees and Go4it Capital in Rio de Janeiro, both of which participated in previous fundraising.
