Alternative protein startups in APAC raised over $200m last year — six times that in 2019

OmniMeat patties. Source: OmniMeat

Alternative protein companies in Asia-Pacific received $205.61 million in investments last year, over six times the $33.8 million they raised in 2019 and nearly 21 times 2018’s $9.86 million sum, according to figures released by The Good Food Institute on Thursday.

The non-profit advocate for protein substitutes, which compiled data of more than 550 companies from PitchBook, found that there were 35 deals involving Asia-Pacific-based alternative protein companies last year, compared with 23 in 2019 and six in 2018.

The amount raised and deals closed by alt-protein companies in Asia-Pacific annually. Source: The Good Food Institute Asia-Pacific

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