Following its US launch, Zero Egg, a plant-based egg alternative for foodservice and food manufacturers that tastes, looks, and functions like an ordinary egg, announces that it has raised $5 million in Series A funding led by Powerplant Ventures, and joined by existing investors Unovis Asset Management-New Crop Capital and Strauss Group-The Kitchen Hub.
The company will use this funding to grow the brand in the US and support its new product launches in the coming year. With 100 billion eggs consumed each year in the US alone, Zero Egg is focusing on providing affordable, versatile and tasty plant-based egg products.
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"By filling the white space in the foodservice industry for plant-based egg alternatives, Zero Egg aims to make plant-based foods the norm and empower the era of sustainable foods," said founder and CEO Liron Nimrodi.
