This Vegan Meat Startup Raised $6 Million to Challenge Impossible Foods
Plant-based meat startup DAIZ is set to open one of the world's largest vegan meat factories in Japan — posing a challenge to Impossible Foods.
Japanese plant-based meat startup DAIZ recently announced $6 million (650 million yen) raised in a Series A funding round, according to a press release on the company's website.
The funding round consisted of investments from the Japanese fund Fisheries Growth Industrialization Support Organization (A-FIVE) and venture capital firm Mitsubishi UFJ Capital.
Called DAIZ, the company makes "miracle chips", which are "raw" vegan meat components made using the Ochiai High Pressure Method.