Plant-based ingredient maker Nutriati raises $12.7 million Series C

Source: Reuters 

Manna Tree Partners, the investment firm co-founded and led by Gabrielle Rubenstein, the daughter of billionaire private equity magnate David Rubenstein, said on Wednesday it has invested in plant-based ingredient maker Nutriati.

It is a bet on the growing market for meat substitutes and gluten-free foods, and follows the successful initial public offering earlier this year of plant-based meat maker Beyond Meat Inc.

Manna Tree is leading a $12.7 million series C round in Nutriati, with private equity firm Open Prairie also investing.