Funding round
Nature's Fynd Series C
Nature's Fynd, which works in fungi-based protein manufacturing in Chicago, raised $350M in a Series C round announced on 19 Jul 2021, led by SoftBank Vision Fund, at a $1.00B post-money valuation. 12 firms took part. It is Nature's Fynd's third venture round on record; the one before was a Series B in Mar 2020.
$350M
Amount raised
$1.00B
Post-money valuation
$650M pre-money
12
Investors
1 lead
35%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Nature's Fynd at $1.00B after the new money. The $350M bought investors about 35% of the company. It came 16 months after Nature's Fynd's Series B. It is 76% of the $463M Nature's Fynd has raised in the venture rounds on record. No later venture round is on record for Nature's Fynd.
Nature's Fynd's funding rounds
Nature's Fynd has 3 venture rounds on record and 1 other deal. This one is highlighted.
Investors
Who put money in
SoftBank Vision Fund led the round with 11 other firms.
Lead investor
- SoftBank Vision Fund backs 234 venture-backed companies new investor
Also in the round
- Blackstone backs 83 venture-backed companies new investor
- Balyasny Asset Management new investor
- Hillhouse backs 54 venture-backed companies new investor
- EDBI backs 67 venture-backed companies new investor
- SK Inc. new investor
- Hongkou new investor
- Breakthrough Energy backs 113 venture-backed companies new investor
- Generation Investment Management new investor
- backs 3 venture-backed companies new investor
- Danone Manifesto Ventures new investor
- Archer Daniels Midland 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
6 Series C rounds in Food Production within a year either side disclosed an amount; the median was $48M, and this round was 7.4 times the median. The closest in time, other companies' Series C rounds in Food Production:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Food Production | 13 Jul 2021 | $22M | not disclosed | Open Prairie |
| Food Production | 27 Oct 2021 | $65M | not disclosed | Founders Fund and D1 Capital Group |
| Food Production | 13 Apr 2021 | $9.3M | not disclosed | District Ventures Capital and InvestEco |
| Food Production | 7 Dec 2021 | $175M | not disclosed | McWin Capital Partners and Bloom8 |
| Food Production | 4 Feb 2021 | $30M | not disclosed | Left Lane Capital |
| Food Production | 9 Sep 2020 | $85M | $300M | Future Positive Capital and L Catterton |
Sources
Where this comes from
Reported by 6 sources. The deal data marks this round as not yet confirmed by an official announcement. Unconfirmed
Questions
Frequently asked
How much did Nature's Fynd raise in its Series C round?
Nature's Fynd raised $350M in its Series C round, announced in Jul 2021.
Who led Nature's Fynd's Series C round?
SoftBank Vision Fund led it, with Blackstone, Balyasny Asset Management, Hillhouse, EDBI and SK Inc. and 6 more.
What was Nature's Fynd's valuation at the Series C round?
$1.00B post-money ($650M pre-money).
How does it compare with other Series C rounds in Food Production?
6 Series C rounds in Food Production within a year either side disclosed an amount; the median was $48M, and this round was 7.4 times the median.