Information on the Target
QC·Ventures is pleased to announce its participation in the recent $175 million Series C funding round for The Every Co. (formerly Clara Foods), an innovative food technology company. The funding round was oversubscribed and led by McWIN, a private investment firm founded by renowned food industry leaders Henry McGovern, known as the founder of AmRest Holdings SE, and Steven K. Winegar, co-founder of Grupo Zena and founder of Restauravia Grupo Empresarial. Other notable investors in this round include Rage Capital, Temasek, and Prosus Ventures.
The Every Company is a pioneer in the development of animal-free proteins using fermentation technology. With the successful launch of its flagship product, EVERY ClearEgg™, the company aims to provide a sustainable alternative to traditional animal-derived egg proteins, catering to the increasing consumer demand for plant-based and environmentally friendly food sources.
Industry Overview in the Target's Specific Country
The food technology industry in the United States is experiencing significant growth, driven by rising health-consciousness among consumers and a strong demand for sustainable food options. As awareness about the environmental impacts of livestock farming increases, consumers are shifting their preferences towards alternative protein sources. This trend aligns with The Every Company's mission to replace animal proteins with sustainable options.
The U.S. market for alternative proteins is projected to expand considerably over the next decade. Recent innovations in precision fermentation are enhancing the ability to produce food products that not only mimic the taste and texture of animal proteins but also improve nutritional profiles. As a result, food tech companies like The Every Company are well positioned to capitalize on this growing market.
Moreover, the regulatory landscape in the U.S. is evolving to support the entrance of new food technologies, which facilitates further investment in precision fermentation techniques. This regulatory progression allows for quicker commercialization of unique food products, benefitting startups like EVERY in their growth journey.
With a focus on sustainability, numerous partnerships are emerging within the industry that connect startups with established food production companies, ultimately fostering innovation and scalability. The Every Company, through its collaborations with ABInBev and Ingredion, exemplifies the positive impact of these strategic alliances.
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The Rationale Behind the Deal
Investing in The Every Company presents a unique opportunity to be part of a rapidly expanding sector that meets the growing consumer demand for sustainable and animal-free food products. As the company focuses on precision fermentation, the funding raised will enable EVERY to scale its production capabilities and increase market penetration. With its first product, EVERY ClearEgg™, successfully in the market, The Every Company is well positioned to disrupt the traditional egg market by supplying high-quality, animal-free protein alternatives.
This investment reflects a shift toward ethical eating and sustainable food production, which not only appeals to environmentally conscious consumers but also aligns with the broader trends shaping the future of the food industry. The backing of renowned investors alongside QC·Ventures reinforces confidence in the company's long-term growth potential.
Information About the Investor
QC·Ventures is a prominent investment firm known for identifying and supporting innovative companies across various sectors, with a particular focus on sustainable solutions. With a commitment to advancing technologies that promote environmental stewardship and ethical consumption, QC·Ventures aims to drive positive change while delivering substantial returns on investment.
By participating in this strategic funding round for The Every Company, QC·Ventures not only aims to maximize its financial returns but also supports the advancement of sustainable protein solutions that can significantly impact food supply chains. The firm recognizes the value and potential longevity of investments in companies that align with progressive consumer trends.
View of Dealert
Based on the current market trends and the innovative approach taken by The Every Company, this investment appears to be a promising opportunity. The growing movement toward plant-based diets and sustainable food practices signifies a robust market potential for alternative proteins. For investors, aligning with a leader in precision fermentation reinforces confidence in the anticipated scalability and profitability of such investments.
The expertise of The Every Company, combined with its strategic partnerships, presents a compelling case for its position as a trailblazer in the food tech industry. The company's ability to leverage existing fermentation infrastructure enhances its operational efficiency while providing a competitive edge in producing high-quality alternatives to traditional animal products.
Furthermore, the increasing consumer preference for products perceived as healthier and more environmentally friendly supports The Every Company's long-term viability. In an industry poised for transformation, The Every Company is well-prepared to capitalize on shifts in consumer behavior, making this deal an attractive investment opportunity.
Overall, the participation of QC·Ventures alongside influential investors like McWIN, Temasek, and Prosus Ventures solidifies the potential for The Every Company to achieve significant growth and redefine the future of protein sourcing in the food industry.
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QC·Ventures
invested in
The Every Co.
in 2023
in a Other deal
Disclosed details
Transaction Size: $175M