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The Better Meat Co.

Plant-based Meat
Segments:
Supplier (Technology/ Ingredients)
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Product stage:
Early
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The Better Meat Co. is a plant-based ingredient company harnessing the power of fermentation to develop mycoprotein ingredients for alternative meat applications. In June 2021, the company unveiled its flagship product Rhiza mycoprotein, a whole-food, complete protein ingredient claimed to be versatile, allergen-free, and neutral tasting, while offering a similar texture to animal meat.

Rhiza can be used to enhance animal meats or develop animal-free meat alternatives for various meat and seafood types, including beef, chicken, pork, turkey, fish, and crab. In September 2022 , the company debuted its mycelium-based foie gras and turkey slices at LinkedIn headquarters and planned to use the tasting event feedback for ongoing product improvements.

The company operates a 13,000 sq. ft. mycoprotein fermentation facility in West Sacramento, which houses built-in liquid fermentation tanks that convert the sorghum and potatoes to produce a dough-like version of Rhiza, which is later dewatered and dried into the final product. 

Key customers and partnerships

In June 2019, Perdue Foods, one of the largest chicken producers in the US, partnered with Better Meat Co. to launch the "Chicken Plus Line" by Perdue, which consists of cauliflower, chickpeas, plant protein, and white meat chicken. 

In January 2023 , the company signed a joint development agreement with Maple Leaf subsidiary Greenleaf Foods, to explore innovations in alternative proteins by leveraging Better Meat’s Rhiza mycoprotein ingredient. 

Funding and financials

In July 2023 , The Better Meat Co and Oshi (formerly Plantish), an Israeli FoodTech startup, received a USD 1 million grant from the Binational Industrial Research and Development (BIRD) foundation to develop fish-free salmon whole-cuts by leveraging Oshi’s 3D-printing technology and The Better Meat Co’s mycoprotein-based fermentation technology.

Plant-based Meat

Plant-based Meat

Key stats
Featured companies
175
Total funding (USD)
7.7 Bn
Total addressable market (USD)
103.5 Bn
Key competitors
 
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EDGE Insights

Q2 2022 Plant based meat menu: Toward price parity
Fermentation: The booster plant-based meat needs?

Recent Updates

Funding
Jul 25, 2023
Oshi and The Better Meat Co secure USD 1 million grant
Plant-based Meat
Management news
Mar 29, 2023
The Better Meat Co. establishes scientific advisory board to research Mycelium
Plant-based Meat
Partnerships
Jan 3, 2023
Better Meat Co partners with Maple Leaf subsidiary Greenleaf Foods
Plant-based Meat
Product updates
Sep 3, 2022
The Better Meat Co. debuts mycelium foie gras and turkey slices
Plant-based Meat
Product updates
Apr 5, 2022
Better Meat Co. to launch mycelium-based foie gras
Plant-based Meat
Partnerships
Oct 4, 2021
Hormel and The Better Meat Co. collaborate to produce plant-based meat products
Plant-based Meat

Company Brief


HQ location:
2939 Promenade St. West Sacramento CA USA
Founded year:
2018
Employees:
11-50
Total Funding:
USD 9.6 million

Funding


Investors


No investor data is available

Funding data are powered by Crunchbase
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