Canadian plant-based meat producer, No Meat Factory, has raised USD 42 million in Series B funding led by Tengelmann Growth Partners with participation from its existing investor, Emil Capital Partners (ECP).

The funds are planned to expand the company’s North American Footprint and manufacturing capabilities–which includes the buildout of a 200,000 sq foot facility in the Pacific Northwest–along with increasing affordable access to alternative proteins for the masses. The company is also expected to continue investments in its global R&D organization which is focused on the commercialization of its latest innovations.

The new US facility is slated to begin operations in the latter half of 2023 and will allow the production of alternatives such as plant-based sausages, hotdogs, and deli meats. Along with the new facility, the company is expected to increase its workforce by 40 while also attempting to expand its customer base.

Founded in 2019, No Meat Factory produces alternative proteins for third-party consumers. The company’s portfolio includes products such as nuggets, hamburgers, and whole-cut meats produced in its facility in British Columbia.