Funding round
LIVEKINDLY Collective Growth
Reported as "Growth Equity"
LIVEKINDLY Collective, which works in plant-based food manufacturing in New York, raised $135M in a Growth round announced on 14 Oct 2020, led by Blue Horizon. 4 firms took part. It is LIVEKINDLY Collective's first venture round on record.
$135M
Amount raised
Not disclosed
Post-money valuation
4
Investors
1 lead
Valuation
What this round says about the price
LIVEKINDLY Collective did not disclose a valuation in this round. It is LIVEKINDLY Collective's first venture round on record, in the year it was founded (2020). It is 20% of the $670M LIVEKINDLY Collective has raised in the venture rounds on record. LIVEKINDLY Collective raised again 5 months later: a Growth round of $335M in Mar 2021.
Investors
Who put money in
Blue Horizon led the round with 3 other firms.
Lead investor
- backs 25 venture-backed companies new investor
Also in the round
- Trustbridge Partners new investor
- EQT backs 99 venture-backed companies new investor
- Griffith Foods new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
10 Growth rounds in Food Production within a year either side disclosed an amount; the median was $58M, and this round was 2.3 times the median. The closest in time, other companies' Growth rounds in Food Production:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Apeel Sciences Food Production | 27 Oct 2020 | $30M | not disclosed | not named |
| Food Production | 22 Sep 2020 | $70M | not disclosed | TPG and Swire Pacific Limited |
| Food Production | 13 Nov 2020 | $59M | not disclosed | DeA Capital Alternative Funds |
| Food Production | 12 Jan 2021 | $65M | not disclosed | General Atlantic |
| Apeel Sciences Food Production | 26 May 2020 | $250M | $1.00B | GIC |
| Food Production | 23 Mar 2021 | $200M | not disclosed | Qatar Investment Authority and Charlesbank Capital Partners |
| Food Production | 21 May 2020 | $56M | not disclosed | not named |
| Food Production | 23 Apr 2020 | $10M | not disclosed | Danone Manifesto Ventures |
Sources
Where this comes from
Reported by 4 sources. The deal data marks this round as not yet confirmed by an official announcement. Unconfirmed
Questions
Frequently asked
How much did LIVEKINDLY Collective raise in its Growth round?
LIVEKINDLY Collective raised $135M in its Growth round, announced in Oct 2020.
Who led LIVEKINDLY Collective's Growth round?
Blue Horizon led it, with Trustbridge Partners, EQT and Griffith Foods.
What was LIVEKINDLY Collective's valuation at the Growth round?
It was not disclosed.
How does it compare with other Growth rounds in Food Production?
10 Growth rounds in Food Production within a year either side disclosed an amount; the median was $58M, and this round was 2.3 times the median.
Did LIVEKINDLY Collective raise again after this round?
Yes: a Growth round in Mar 2021 of $335M.