Following the completion of Chunk Foods’ $7.5 million seed funding round, led by Californian VC fund Cheyenne Ventures, the company has announced an investment from Mexican meat and dairy company Sigma Alimentos. The exact amount of Sigma’s investment has not been disclosed.
Under this agreement, both entities will collaborate to develop a new line of plant-based whole-cut meats. These products will be distributed in retail and foodservice sectors in Mexico, marking Chunk Foods’ entry into the Latin American plant-based foods market.
Initially, the co-branded products will be available in select restaurants in Mexico City and Monterrey, as stated by Chunk Foods to Just Food.
This partnership announcement comes after Chunk Foods closed its $7.5 million seed funding round, which brought the total raised in the seed round to $22 million, as confirmed by Chunk Foods in a statement.
In total, the company has raised $24 million from investors including Cheyenne Ventures, Sigma, Fall Line Capital, Key1 Capital, E14 Fund, and the Footprint Coalition.