Singapore-based abillionVeg, which offers an app for vegan restaurant discovery and reviews, has raised $500,000 in seed funding from eight investors including 1/0 Capital from New York, and Blue Horizon from Zurich.
According to an official statement, abillionVeg plans to use the proceeds to improve its search engine and review platform.
Founded in 2017, abillionVeg’s platform allows people to locate and review vegan products such as packaged food items, consumer products, and even dishes at a restaurant. The startup claims to be the world’s largest menu and review platform for vegan dishes at restaurants, with more than 10,000 dishes reviewed in over 50 countries.
Vikas Garg, founder and CEO of abillionVeg, said, “Eating healthy should be easy but it’s not. Although more people identify as vegan or plant-based, options are still scarce. Only 4 to 5% of dishes at restaurants around the world are vegetarian, while less than 2% of the dishes are vegan.”
Roger Lienhard, founder of Blue Horizon, said: “In the last decade we’ve seen a rise in vegan lifestyle and consumption, which is a great step towards a more sustainable future. We’re excited to support technology-enabled platforms like abillionVeg that are working on improving both the supply and demand for plant-based products”.
According to abillionVeg, nearly 20 per cent of the restaurants contacted through its outreach efforts have taken the first step in adding more plant-based options. The startup claims to have created a global network of farm animal rescue groups and sanctuaries where $1 is contributed every time a review is posted.