Sunfed Meat Raises $10 Million in Series A

Source: NZHerald

“Chicken-Free Chicken” maker Sunfed Foods says it has raised $10 million in a Series A funding found.

The Auckland-based startup sells a chicken-substitute made from chickpeas.

The round was led by Australian venture capital fund Blackbird Ventures, which now holds an 11 per cent stake.

Sir Stephen Tindall’s K1W1 fund (5 per cent) and the taxpayer – via the Crown-backed New Zealand Venture Investment Fund, which now owns 1.4% – also participated in the round.