Billionaire Peter Thiel Backs Plant-Based Pet Food Startup

Source: Fox Business

PayPal founder Peter Thiel has invested nearly $500,000 in a vegan pet food startup called Wild Earth aimed at disrupting traditional pet food companies.

The Berkeley, California-based biotech company said on Monday it has successfully completed its seed round of fundraising with an investment by Thiel and his venture capital firm, Founders Fund. To date, the company has raised more than $5 million.

Wild Earth’s goal is to develop protein food products for both cats and dogs using fungi and lab-grown meat from mouse cells.