Alternative protein venture capital (VC) fund Lever VC on Wednesday announced that it has hit the final close of Lever VC Fund I at $80 million to back early-stage, plant-based cultivated meat and dairy firms worldwide.
Lever VC Fund I, by and large, exceeded the initial fundraising target of $50 million when it secured its first close at $23 million in August 2020.
The new fund roped in various global limited partners (LPs), including meat companies, ingredient and food commodities firms, agrifeed businesses, family offices, and a fermentation firm in Europe, said Lever VC in a statement. The firm, however, did not name the LPs of Fund I.
