Announced
Synopsis
Proterra Investment Partners, an alternative investment manager, agreed to invest Eat Just, a discovery platform for food ingredient innovation, in a $120 deal. The consortium will invest up to $100m and Eat Just will invest up to $20m to build and operate their first-in-Asia, and largest, plant protein production facility in Singapore, a country leading Asia’s transition to a healthier, more sustainable food system. “This partnership will further accelerate our path to become one of the world's largest producers of eggs in the next decade. Proterra’s experience across sourcing and manufacturing will be invaluable. Consumer demand, driven by health, food security and food safety, is creating an environment of extraordinary opportunity for this unique partnership,” Josh Tetrick, Eat Just co-founder and CEO.
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