Bits x Bites News
Covid-19 Uncertainty Might be a Pivotal Moment for Food Tech, Says Bits x Bites Founder Matilda Ho in Bloomberg Story
“We believe this recent uncertainty might just be a pivotal moment for the still nascent food-tech sector in China.” -Matilda Ho, Founder and Managing Director, Bits x Bites
“The thesis of alternative proteins is strengthened by Covid-19. We see this as a massively growing and important sector.” -Jeremy Coller, founder of Coller Capital
As meat supplies face shortages due to the coronavirus, plant-based alternative products emerge as a beneficiary. In the US, sales of products like Beyond Meat mid-April doubled that of the same time period last year. Beyond Meat saw its shares jumped 49% in April.
Read the Bloomberg article by Larissa Zimberoff on May 1, 2020 to hear investors and startups share how Covid-19 might shift the protein alternatives landscape in coming months. The piece also features Jeremy Coller of Coller Capital; Alan Chan of Vectr Ventures, Seth Bannon of Fifty Years, and more. Click here for more details.