US firm Hampton Creek is looking to “accelerate” its expansion in Europe and Asia after raising US$90m in funding from investors.
The Just Mayo owner said it would use a “portion” of the money to push on in western Europe and Asia.
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The latest round of funding for the business came from previous investors Horizons Ventures and Khosla Ventures, plus new investors including Taiwan food group Uni-President Enterprises.
“The past year has been one of massive growth, not just in numbers, but in people we have touched around the world with our movement. We didn’t start Hampton Creek to do small things,” founder and CEO Josh Tetrick said.
Last month, Unilever filed a lawsuit against Hampton Creek, alleging the company’s plant-based Just Mayo product is a fraud and damaging to the mayonnaise sector.
“Hampton Creek’s literally-false name and its unsubstantiated superiority claims have already caused consumer deception and serious, irreparable harm to Unilever and to the product category the industry has taken great care to define in a way consistent with consumer expectations,” Unilever’s suit read.
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By GlobalDataTetrick told just-food Hampton Creek believed it was “on the right side of the law, taste, and where the world is going”.
