Chunk Foods, a market leader in the plant-based space, has entered into an investment and collaboration agreement with Better Balance to develop a new range of plant-based whole cut meats. A testament to the growing international interest in high-quality plant-based proteins, this strategic alliance will provide Better Balance access to Chunk’s cutting-edge products, allowing it to extend the category to a wider and more diverse audience. The co-branded Chunk products are available for foodservice in Mexico.
This announcement follows Chunk Foods' successful securement of an additional $7.5 million in seed funding led by Cheyenne Ventures, reflecting ongoing investor confidence in their vision and the potential of plant-based whole cuts. This new injection of capital totals Chunk’s Seed round at $22M, making it one of the largest Seed rounds in the alternative protein category. Including prior rounds of funding, Chunk Foods has secured over $24 million in funding from investors such as Fall Line Capital, The MIT E14 fund, Cheyenne Ventures, Better Balance, Key1 capital and Robert Downey Jr. 's FootPrint Coalition.
Not just a financial transaction, the partnership between Chunk Foods and Better Balance marks a commitment to innovation, sustainability and an expansion of the premium plant-based market.
"The plant-based segment remains incredibly enticing, with substantial untapped potential waiting to be discovered”, says Helio Castaño, Better Balance’s VP Plant Based Global. "Better Balance aims to meet the evolving consumer demands for taste, texture, ingredient transparency, and ease of preparation. The collaboration with Chunk will enable the exploration of exciting new alternatives in the premium segment which are aligned to this purpose.”
"It’s an honor to embark on this exciting journey with Better Balance, known for its commitment to delivering high-quality products,” said Amos Golan, founder and chief executive officer of Chunk Foods. “Together with Better Balance, we are elevating the plant-based category with innovative, delicious products that cater to the vibrant tastes and lifestyles of Mexico.”
With this new funding and strategic partnership, Chunk is solidifying its position as a global leader in plant-based whole cuts. The company is at the forefront of shaping the future of food, providing consumers with delicious, nutritious, and environmentally responsible alternatives to traditional meat products.