v2food completes Series B Plus funding round

Value: $72 million.

Area: Finance.

Key players: The LegalVision team was led by practice leader Jill McKnight and supported by senior lawyer Sophie Mao.

Deal significance: v2food is an Australian-headquartered company that focuses on the production of plant-based meat.

The group was founded in 2019 with Australia’s national science agency CSIRO, Main Sequence Ventures and Jack Cowin’s Competitive Foods Australia as shareholders.

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v2food’s goal is to expand its operations in Asia and Europe, with this latest funding round seeing the group raise over $185 million total, following a $77 million Series B round last year.

“This Series B Plus round follows two consecutive years of noteworthy rounds,” said LegalVision practice leader Ms McKnight.

“The fact that v2food is attracting such high levels of funding during a global pandemic and economic uncertainty is a credit to their excellent product and hard work. We are delighted to help v2 achieve its goals of expanding their operations overseas.”