Lester VC, the Hong Kong-headquartered venture-capital fund specialising in alternative proteins, has established an investment fund and accelerator targeting start-ups in China.

It has joined forces with China-based accelerator operator Brinc in the venture, which will also support cell-cultivated meat and dairy companies.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Lever VC, which was an early investor in US plant-based burger firms Beyond Meat and Impossible Foods, as well as Memphis Meats and Just, is supported in the venture by Lever Foods, a Shanghai-based consultancy that advises on the alternative protein industry. Other corporate partners include the venture capital arms of Yili, one of China’s largest dairy businesses, Chinese state-owned agri-food giant COFCO Corp., as well as national industry trade group the China Plant-Based Foods Alliance and ingredients giant Givaudan.

The Lever China Alternative Protein Fund will invest CNY40m (US$5.7m) over the next four years in entrepreneurs and early stage alternative protein companies focusing on the mainland Chinese market.

Up to CNY160m is available in potential follow-on funding from the Lever VC Fund, for a total available investment pool of CNY200m.

Brinc will provide a three-month accelerator programme on a rolling basis at its centre in Guangzhou. 

Manav Gupta, CEO of Brinc, said: “With the right backing and support, alternative meat start-ups can bring forth fundamental and lasting change to our global food system.”

just-food commentary: Plant-based meat must target local tastes to succeed in China

On just-food’s interview pages: “This industry is so nascent” – Dao Foods investor Tao Zhang on taking plant-based meat mainstream in China