Top 9 Food Processing Unicorns in 2024

Updated:

January 22, 2024

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Unicorns

The Food Processing 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 Processing space, these 9 companies should be your inspiration.

9 Food Processing Unicorns Companies

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1,190 Unicorns

Information about their valuation, HQ's location, founded year, name of founders, funding amount and number of employees.

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1) 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.

2) 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.

3) 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.

4) 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.

5) Rebel Foods

Rebel Foods Services is a food delivery platform that provides delivery services through its mobile app.

Details of the startup:

  • Valuation: $1.40B (October 2021)

  • Country: India

  • City: Pune

  • Started in: 2011

  • Founders: Jaydeep Barman, Kallol Banerjee

  • Number of employees: 5,000-10,000

  • Funding: $495.21M

  • Funding rounds: 23

  • Number of investors: 23

You can find their website here.

6) 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.

7) 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.

8) 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.

9) 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.