Live Green Co is a Chilean plant-based food-tech startup which leverages Charaka, a machine learning AI used to analyze plant combinations to create a database that can then determine and recommend combinations of healthy ingredients. The startup’s plant-based range includes burger mixes and frozen burgers, baking mixes, plant-based ice cream, and protein bars.
Key customers and partnerships
In April 2021, the company entered Peru with a minority investment from Sigma through the Tastech by Sigma acceleration program. Along with Sigma Alimentos, the company completed a technology pilot project based on replacing food additives with plant-based alternatives using Charaka. In June 2022 , Live Green Co partnered with FoodForms, an internal startup by Sigma, to develop plant-based food additives by utilizing the Charaka platform.
Funding and Financials
In January 2022, the startup secured USD 7 million in pre-Series A funding led by DRADs Capital. According to the company, the funds were to be used to establish a US headquarters, improve the company's patented AI Charaka's capabilities, strengthen IP protections, and develop B2B licensing and manufacturing agreements.
In July 2023, Duopharma Biotech Berhad (DBB) announced it will invest up to USD 1 million in TLGC to co-develop plant-based wellness products using Charaka. Through this investment, DBB acquired shares in TLGC to secure manufacturing, marketing, and distribution rights for co-developed products in the ASEAN market.
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