Funding round
LIVEKINDLY Collective Growth
Reported as "Growth Equity"
LIVEKINDLY Collective, which works in plant-based food manufacturing in New York, raised $335M in a Growth round announced on 29 Mar 2021, led by TPG. 3 firms took part. It is LIVEKINDLY Collective's second venture round on record; the one before was a Growth in Oct 2020.
$335M
Amount raised
Not disclosed
Post-money valuation
3
Investors
1 lead
Valuation
What this round says about the price
LIVEKINDLY Collective did not disclose a valuation in this round. It came 5 months after LIVEKINDLY Collective's Growth. It is 50% of the $670M LIVEKINDLY Collective has raised in the venture rounds on record. LIVEKINDLY Collective raised again 14 months later: a Growth round of $200M in May 2022.
Investors
Who put money in
TPG led the round with 2 other firms.
Lead investor
- TPG backs 114 venture-backed companies new investor
Also in the round
- backs 38 venture-backed companies new investor
- backs 85 venture-backed companies 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, acquisitions and working capital.
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Acquisitions
- Working capital
Comparable rounds
How it compares
11 Growth rounds in Food Production within a year either side disclosed an amount; the median was $59M, and this round was 5.7 times the median. The closest in time, other companies' Growth rounds in Food Production:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Food Production | 23 Mar 2021 | $200M | not disclosed | Qatar Investment Authority and Charlesbank Capital Partners |
| Food Production | 12 Jan 2021 | $65M | not disclosed | General Atlantic |
| Food Production | 13 Nov 2020 | $59M | not disclosed | DeA Capital Alternative Funds |
| Butternut Box Food Production | 10 Aug 2021 | $55M | not disclosed | L Catterton |
| 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 | 4 Oct 2021 | undisclosed | not disclosed | not named |
| Impossible Foods Food Production | 22 Nov 2021 | $500M | $7.00B | Mirae Asset Global Investments |
Sources
Where this comes from
Reported by 4 sources.
Questions
Frequently asked
How much did LIVEKINDLY Collective raise in its Growth round?
LIVEKINDLY Collective raised $335M in its Growth round, announced in Mar 2021.
Who led LIVEKINDLY Collective's Growth round?
TPG led it, with Rabo Investments and S2G Investments.
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?
11 Growth rounds in Food Production within a year either side disclosed an amount; the median was $59M, and this round was 5.7 times the median.
Did LIVEKINDLY Collective raise again after this round?
Yes: a Growth round in May 2022 of $200M.