Business

Brazilian food startup Fazenda Futuro is valued at $100 million

Recent fundraising, by the same investor of Rappi and Loggi, boosted the startup's valuation

Fazenda Futuro, a Brazilian startup pioneer in the production of veggie hamburgers made of sources such as soya and beet, raised $8.5 million in recent funding led by the Brazilian firm monashees, the same investor of names like Rappi and Loggi.

The company, first founded in April by Alfredo Strechinsky and Marcos Leta, is already present in more than 100 restaurants in Brazil and marketed in around 2 thousand points of sale, mostly in southeastern cities and in some northeast and south capitals across the country. 

The company’s focus is to produce hamburgers that seem like beef, reproducing the texture of bovine meat. With this recent funding, future plans include the spread of its marketing network over the country and increase the number of sales staff. Currently, the company has 30 employees and is close to the launch of a new product, in September, to come even closer to the texture, taste, and color of beef.