Veg Capital Invests BRL 1 Million in Female-Led Brazilian Brand Conví Foods – vegconomist

UK-based vegan funding fund Veg Capital has invested BRL 1 million in plant-based Brazilian model Conví Meals. The funding befell via Vegan Business, Brazil’s solely devoted plant-based fairness crowdfunding platform.

Based by Bárbara Andrade, Conví is a foodtech firm growing plant-based merchandise comparable to hamburgers, meatballs, cheese bread, falafel, and nuggets. The merchandise are made with minimally processed components, together with mushrooms, oilseeds, and chickpeas. Conví will use the funding to scale its presence inside Brazil.

Vegan Enterprise

Conví is the fourth startup to boost funding through Vegan Enterprise, and has secured the best sum up to now. The opposite firms are vegan sunscreen model Chameleon Solar, plant milk producer Purifica, and cashew cheese firm Novah!. In whole, startups have raised BRL 3 million on the platform within the six months since its launch, with as much as 30 new traders signing up every day.

Overseas funding

Beforehand, Veg Capital had joined forces with Vegan Enterprise co-founder and CEO Christian “Crica” Wolthers to invest in Brazilian chocolate company Super Vegan. Nonetheless, the Conví funding marks the primary time the fund has invested in Brazil via the platform itself, probably paving the way in which for different Brazilian plant-based firms to boost international capital. In response to Wolthers, a number of extra international traders and VC companies have already expressed an curiosity.

“Veg Capital is without doubt one of the main international enterprise capital funds within the plant-based market. I’m very pleased for his or her belief in our curatorship work and intensely excited by Conví Meals, which obtained this funding to scale its presence in Brazil,” stated  Wolthers.