Top 37 Food and Beverage Unicorns in 2024
Updated:
January 22, 2024
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The Food and Beverage industry is filled with successful companies that have raised millions of dollars in VC funding that came from some of the top investors in the world.
Many of these successes have turned into unicorns — private companies worth over $1 billion.
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If you want to build the next unicorn in the Food and Beverage space, these 37 companies should be your inspiration.
37 Food and Beverage Unicorns Companies
Sheet
1,190 Unicorns
Information about their valuation, HQ's location, founded year, name of founders, funding amount and number of employees.
1) Yuanqi Senlin
Genki Forest is a company with Internet genes and sugar-free roots which produces a variety of healthy beverages with original, proprietary formulas.
Details of the startup:
Valuation: $15.00B (March 2020)
Country: China
State: Beijing
City: Beijing
Started in: 2016
Founders: Binsen Tang
Number of employees: 5,000-10,000
Funding: $721.31M
Funding rounds: 5
Number of investors: 9
You can find their website here.
2) Weilong
Weilong Foods is a snack food brand that produces and manufactures spicy noodles, dried seafood, and other series of snack foods.
Details of the startup:
Valuation: $10.88B (May 2021)
Country: China
State: Henan
City: Luohe
Started in: 1999
Founders: Liu Fuping, Liu Weiping
Funding: $559.74M
Funding rounds: 1
Number of investors: 10
You can find their website here.
3) HEYTEA
HeyTea offers a selection of specialty tea and fruit teas, including mixed berry tea and cheese-topped milk tea.
Details of the startup:
Valuation: $9.28B (July 2019)
Country: China
State: Guangdong
City: Shenzhen
Started in: 2012
Founders: Yunqi Nie
Number of employees: 1,000-5,000
Funding: $579.23M
Funding rounds: 7
Number of investors: 12
You can find their website here.
4) Xingsheng Selected
Xingsheng Youxuan is the only one-stop community shopping platform for consumers to buy products and services in one place.
Details of the startup:
Valuation: $7.83B (July 2020)
Country: China
State: Hunan
City: Changsha
Started in: 2009
Founders: Lihua Yue
Number of employees: 10,000+
Funding: $5,040.00M
Funding rounds: 9
Number of investors: 14
You can find their website here.
5) Flink
Flink is an online startup that offers grocery deliveries in ten minutes.
Details of the startup:
Valuation: $5.00B (December 2021)
Country: Germany
City: Berlin
Started in: 2021
Founders: Christoph Cordes, Julian Dames, Nikolas Bullwinkel, Oliver Merkel, Saad Saeed
Number of employees: 5,000-10,000
Funding: $1,042.00M
Funding rounds: 4
Number of investors: 10
You can find their website here.
6) Impossible Foods
Impossible Foods is a food technology company that makes delicious, nutritious plant-based alternatives of meat, dairy and fish.
Details of the startup:
Valuation: $4.00B (May 2019)
Country: United States
State: California
City: Redwood City
Started in: 2011
Founders: Monte Casino, Patrick Brown
Number of employees: 500-1,000
Funding: $2,006.16M
Funding rounds: 24
Number of investors: 57
You can find their website here.
7) Kurly
Market Kurly is a food delivery and logistics platform that enables its users to order food online.
Details of the startup:
Valuation: $3.30B (July 2021)
Country: South Korea
City: Seoul
Started in: 2014
Founders: Sophie Kim
Number of employees: 250-500
Funding: $769.86M
Funding rounds: 8
Number of investors: 14
You can find their website here.
8) Meicai
Meicai is an e-commerce platform for agricultural products that offers a wide selection of organic food, natural pesticide and chemical fertilizer. It has developed an advanced online service system using cutting-edge technology to improve the efficiency of supply chains across the country, enabling farmers to enjoy mechanization, and improving farmers’ livelihood and the quality of rural life.
Details of the startup:
Valuation: $2.80B (June 2016)
Country: China
State: Beijing
City: Beijing
Started in: 2014
Founders: Chuanjun Liu, Xueyin Xu
Number of employees: 1,000-5,000
Funding: $199.00M
Funding rounds: 8
Number of investors: 8
You can find their website here.
9) Eat Just
EAT JUST is inspiring a global shift in perception towards veganism and plant- based foods.
Details of the startup:
Valuation: $2.59B (November 2017)
Country: United States
State: California
City: San Francisco
Started in: 2011
Founders: Josh Balk, Josh Tetrick
Number of employees: 100-250
Funding: $303.10M
Funding rounds: 12
Number of investors: 39
You can find their website here.
10) Zume
Zume is a manufacturing technology company focused on food packaging with economically viable substitutes for plastic packaging.
Details of the startup:
Valuation: $2.25B (November 2018)
Country: United States
State: California
City: Mountain View
Started in: 2015
Founders: Alex Garden, Julia Collins
Number of employees: 100-250
Funding: $445.69M
Funding rounds: 7
Number of investors: 10
You can find their website here.
11) Motif
Motif is a company that specialises in food technology.
Details of the startup:
Valuation: $2.20B (June 2021)
Country: United States
State: Massachusetts
City: Boston
Started in: 2019
Founders: Jonathan McIntyre
Number of employees: 11-50
Funding: $343.50M
Funding rounds: 4
Number of investors: 20
You can find their website here.
12) Guoquan Shihui
Guoquan Shihui is a food supply chain brand that supplies hot-pot and barbecue ingredients to supermarkets and convenience stores.
Details of the startup:
Valuation: $2.00B (March 2021)
Country: China
State: Shanghai
City: Shanghai
Started in: 2017
Founders: Yang Mingchao
Number of employees: 10-50
Funding: $154.30M
Funding rounds: 5
Number of investors: 9
You can find their website here.
13) Misfits Market
Misfits Market delivers a customized subscription box service for organically sourced products.
Details of the startup:
Valuation: $2.00B (April 2021)
Country: United States
State: New Jersey
City: Pennsauken
Started in: 2018
Founders: Abhi Ramesh
Number of employees: 100-250
Funding: $526.50M
Funding rounds: 4
Number of investors: 10
You can find their website here.
14) Gousto
Gousto, an online meal-kit service, automates the entire process from combining ingredients to delivery.
Details of the startup:
Valuation: $1.70B (November 2020)
Country: United Kingdom
State: England
City: London
Started in: 2012
Founders: James Carter, Timo Boldt
Number of employees: 500-1,000
Funding: $361.00M
Funding rounds: 14
Number of investors: 14
You can find their website here.
15) ezCater
EzCater is the fastest growing online marketplace for those in need of catering services. Whether you’re headed to a board meeting, a business lunch, or an after-work happy hour, EzCater makes it easy and affordable for you to find fresh food and fantastic local catering options.
Details of the startup:
Valuation: $1.60B (April 2019)
Country: United States
State: Massachusetts
City: Boston
Started in: 2007
Founders: Briscoe Rodgers, Stefania Mallett
Number of employees: 250-500
Funding: $255.00M
Funding rounds: 11
Number of investors: 25
You can find their website here.
16) Promasidor Holdings
Promasidor is Africa’s leading manufacturer and supplier of seasonings and processed foods. Its brands are well-established household names, recognized for high quality.
Details of the startup:
Valuation: $1.59B (November 2016)
Country: South Africa
City: Bryanston
Started in: 1979
Founders: Robert Rose
Number of employees: 1,000-5,000
Funding: $556.00M
Funding rounds: 2
Number of investors: 2
You can find their website here.
17) Xianshenghuo
Xianshenghuo offers cold chain solutions for the transportation of fresh food.
Details of the startup:
Valuation: $1.57B (March 2022)
Country: China
State: Sichuan
City: Chengdu
Started in: 2016
Number of employees: 10001+
Funding: $101.61M
Funding rounds: 3
Number of investors: 6
You can find their website here.
18) Kitopi
Kitopi is a cloud kitchen startup that provides delivery only services for restaurants.
Details of the startup:
Valuation: $1.55B (July 2021)
Country: United Arab Emirates
City: Dubai
Started in: 2018
Founders: Andres Arenas, Bader Ataya, Mohamad Ballout, Saman Darkan
Number of employees: 1,000-5,000
Funding: $502.20M
Funding rounds: 4
Number of investors: 20
You can find their website here.
19) Wenheyou
Wenheyou operates a range of food and beverage brands.
Details of the startup:
Valuation: $1.55B (April 2021)
Country: China
State: Hunan
City: Changsha
Started in: 2013
Founders: Bin Feng
Funding: $92.44M
Funding rounds: 3
Number of investors: 7
You can find their website here.
20) Yijiupi
Yijiupi is a one-of-a-kind e-commerce platform that connects beverage suppliers and consumers directly. With this innovative business model, they are transforming the beverage industry.
Details of the startup:
Valuation: $1.50B (September 2018)
Country: China
State: Beijing
City: Beijing
Started in: 2014
Founders: Sheng Qiang Chen, Shi Tao
Number of employees: 1,000-5,000
Funding: $2,517.00M
Funding rounds: 7
Number of investors: 15
You can find their website here.
21) NotCo
NotCo is a food technology company that produces plant-based meat and dairy substitutes.
Details of the startup:
Valuation: $1.50B (July 2021)
Country: Chile
City: Santiago
Started in: 2015
Founders: Karim Pichara Baksai, Matias Muchnick, Pablo Zamora
Number of employees: 250-500
Funding: $395.84M
Funding rounds: 7
Number of investors: 18
You can find their website here.
22) Yipin Shengxian
Yipin Fresh provides a range of fresh and discounted food products, ensuring you’re always saving on your grocery bill.
Details of the startup:
Valuation: $1.49B (March 2019)
Country: China
State: Anhui
City: Hefei
Started in: 2017
Founders: Jianfei Jiang
Number of employees: 1-10
Funding: $658.49M
Funding rounds: 3
Number of investors: 4
You can find their website here.
23) Manner
Manner is a specialty coffee chain, committed to exceptional atmosphere, taste, and style while maintaining a sustainable work environment.
Details of the startup:
Valuation: $1.30B (December 2020)
Country: China
State: Shanghai
City: Shanghai
Started in: 2015
Founders: Yulong Han
Number of employees: 50-100
Funding: $497.19M
Funding rounds: 3
Number of investors: 4
You can find their website here.
24) Cava Group
Cava Group is a Mediterranean food brand that specializes in chef-crafted dips and spreads.
Details of the startup:
Valuation: $1.30B (April 2021)
Country: United States
State: DC
City: Washington
Started in: 2010
Founders: Brett Schulman, Dimitri Moshovitis, Ike Grigoropoulos, Ronald M. Shaich, Theodore Xenohristos
Number of employees: 5,000-10,000
Funding: $678.35M
Funding rounds: 10
Number of investors: 9
You can find their website here.
25) Flipdish
Flipdish helps on-demand food businesses create branded food ordering systems, websites, and apps.
Details of the startup:
Valuation: $1.25B (January 2022)
Country: Ireland
City: Dublin
Started in: 2015
Founders: Conor McCarthy, James McCarthy
Number of employees: 250-500
Funding: $156.34M
Funding rounds: 6
Number of investors: 6
You can find their website here.
26) BrewDog
BrewDog is a craft beer company that produces unpasteurized bottled and can beers in a variety of styles.
Details of the startup:
Valuation: $1.24B (April 2017)
Country: United Kingdom
State: Scotland
City: Aberdeen
Started in: 2007
Founders: James Watt, Martin Dickie
Number of employees: 1,000-5,000
Funding: $296.77M
Funding rounds: 15
Number of investors: 7
You can find their website here.
27) Choco
Our goal is to create a sustainable food system.
Details of the startup:
Valuation: $1.20B (April 2022)
Country: Germany
State: Berlin
City: Berlin
Started in: 2018
Founders: Daniel Khachab, Julian Hammer, Rogério Da Silva Yokomizo
Number of employees: 251-500
Funding: $309.81M
Funding rounds: 6
Number of investors: 13
You can find their website here.
28) Daily Harvest
Daily Harvest is a customer-first platform that provides subscription-based food delivery services to offer healthy frozen foods.
Details of the startup:
Valuation: $1.10B (November 2021)
Country: United States
State: New York
City: New York
Started in: 2014
Founders: Rachel Drori
Number of employees: 100-250
Funding: $120.98M
Funding rounds: 6
Number of investors: 24
You can find their website here.
29) Cirkul
Cirkul is a beverage company that creates delicious and nutritious flavoured drinking water.
Details of the startup:
Valuation: $1.07B (June 2022)
Country: United States
State: Florida
City: Tampa
Started in: 2015
Founders: Andy Gay, Garrett Waggoner
Number of employees: 51-100
Funding: $111.57M
Funding rounds: 4
Number of investors: 4
You can find their website here.
30) Jiuxian
Jiuxian offers some of the best wine online to help you and your friends share a good drink, whether you’re celebrating or commiserating.
Details of the startup:
Valuation: $1.05B (July 2015)
Country: China
State: Beijing
City: Beijing
Started in: 2009
Founders: Haofeng He
Number of employees: 100-250
Funding: $249.21M
Funding rounds: 8
Number of investors: 7
You can find their website here.
31) UPSIDE Foods
Upside Foods is a food technology firm that manufactures and grows sustainable cultured meat.
Details of the startup:
Valuation: $1.00B (April 2022)
Country: United States
State: California
City: Berkeley
Started in: 2015
Founders: Nicholas Genovese, Uma Valeti, William Clem
Number of employees: 101-250
Funding: $623.00M
Funding rounds: 7
Number of investors: 39
You can find their website here.
32) Kopi Kenangan
Kopi Kenangan is Indonesia’s fastest-growing coffee chain, leveraging on a tech-based 'grab & go' strategy.
Details of the startup:
Valuation: $1.00B (December 2021)
Country: Indonesia
City: Kebayoran Baru
Started in: 2017
Founders: Edward Tirtanata, James Prananto
Number of employees: 50-100
Funding: $233.00M
Funding rounds: 6
Number of investors: 17
You can find their website here.
33) Zihaiguo
Zihaiguo is a developer and retailer of self-heating hot pots.
Details of the startup:
Valuation: $1.00B (May 2021)
Country: China
State: Chongqing
City: Chongqing
Started in: 2018
Founders: Hongliang Cai
Number of employees: 10-50
Funding: $3,206.53M
Funding rounds: 5
Number of investors: 5
You can find their website here.
34) Slice
Slice is a provider of tools for pizzerias to manage the digital side of their businesses.
Details of the startup:
Valuation: $1.00B (November 2021)
Country: India
City: Bengaluru
Started in: 2015
Founders: Ilir Sela
Number of employees: 500-1,000
Funding: $303.73M
Funding rounds: 6
Number of investors: 14
You can find their website here.
35) Swile
Swile is a digital solutions provider for employee benefits with an all-in-one smartcard and an app for team life.
Details of the startup:
Valuation: $1.00B (October 2021)
Country: France
City: Montpellier
Started in: 2016
Founders: Loic Soubeyrand
Number of employees: 250-500
Funding: $328.43M
Funding rounds: 4
Number of investors: 8
You can find their website here.
36) Licious
Licious is an online meat and seafood ordering startup that follows an end-to-end business.
Details of the startup:
Valuation: $1.00B (October 2021)
Country: India
City: Bengaluru
Started in: 2015
Founders: Abhay Hanjura, Varun Sadana, Vivek Gupta
Number of employees: 1,000-5,000
Funding: $338.00M
Funding rounds: 9
Number of investors: 24
You can find their website here.
37) Nature's Fynd
Nature’s Fynd is a food company that makes nutritional vegan protein from a microbe.
Details of the startup:
Valuation: $1.00B (July 2021)
Country: United States
State: Illinois
City: Chicago
Started in: 2012
Founders: Mark Kozubal, Matthew Strongin, Thomas Jonas
Number of employees: 50-100
Funding: $508.48M
Funding rounds: 4
Number of investors: 17
You can find their website here.