Chunk Foods, an Israeli plant-based meat startup, announced it has raised USD 15 million in a seed funding round held in November 2022 led by Fall Line Capital with participation from The MIT E14 fund and Robert Downey Jr.’s Foot Print Coalition.

According to the company, this is the largest seed funding round by an Israeli company, with the funds being used to build a large-scale production facility slated to be completed in the summer of 2023.

The new facility is expected to have the capacity to produce millions of whole-cut plant-based steaks annually by using a combination of fermentation technology and a few minimally processed recognizable ingredients.

The final product will contain 25 grams of protein per steak while being free of preservatives, additives, cholesterol, and GMOs. It is also claimed to contain similar texture and flavor properties as that of traditional beef and can be prepared in the same way.

Analyst QuickTake: Chunk Foods, a spinoff of the Massachusetts Institute of Technology (MIT), leverages solid-state fermentation technology to produce plant-based cut meat products. With the buildout of this facility, the company seems to be backing up its claims of enabling the large-scale manufacturing of plant-based cut meat products, made during its pre-seed funding round in April 2021.