NotCo raises US$70M in Series D extension

Chilean foodtech, NotCo, known for its plant-based alternatives to animal products, has just announced a US$70 million Series D extension. NotCo claims that this financing will allow it to boost its new B2B unit, aimed at enabling other CPG brands to benefit from its technology. From its origins, NotCo claims that a proprietary platform called Giuseppe, which uses artificial intelligence, is responsible for finding the elements and formulas for its products.