The raising was conducted by a company that commenced business less than a year ago
LegalVision has helped secure what it said is the largest Series A funding round in the growing plant-based meat sector to date.
The NewLaw trailblazer advised v2food on its $35m Series A. The funding will be used expand research, including building a new research and production facility and planning to begin operation in regional Australia, LegalVision said.
“For a company that only commenced business less than a year ago, v2food is on its way to becoming a major disruptor in the food industry,” Nick Brown said.
Brown, a practice leader at LegalVision, led the team that advised on all legal aspects of the funding, from structuring to negotiation and closing. Brown was supported by lawyer Sophie Mao. The team also advised on commercial arrangements for v2food.
The work has been praised by Nick Hazell, founder and chief executive of v2food.
“LegalVision’s experience in capital raising had a big impact on us closing this Series A with confidence,” he said. “We look forward to continuing to work with Nick and Sophie as our company grows and we continue to provide people with plant-based meat that tastes great and is good for the environment.”
v2food is an Australian plant-based meat start-up and backed by the CSIRO and Jack Cowin, founder of Hungry Jack’s.
LegalVision also recently helped secure one of the largest ever fintech capital raises in Australia.