Chunk Foods, a company specializing in plant-based whole cuts of alternative protein, has secured an additional $7.5 million in seed extension funding alongside a new strategic partnership with one of Latin America’s largest meat and dairy producers.
The collaboration with Sigma Alimentos, a major player in the meat and dairy industry, marks Chunk’s entry into the Latin American market. Chunk will supply plant-based proteins for Sigma’s Better Balance product line, with the products set to be available for foodservice and retail in Mexico this year.
Cheyenne Ventures led the new investment round, bringing Chunk’s total seed funding to $22 million and total funding raised to $24 million.
CEO Amos Golan intends to utilize the new funding to expand the company’s commercial and operations teams in the U.S., aiming to achieve nationwide distribution and establish more local distribution partnerships. Additionally, the funding will support an increase in manufacturing capacity to meet growing customer demand.