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Chick-News.com Poultry Industry News, Comments and more by Simon M. Shane

Simulate Raises $50 Million in Funding

06/14/2021
Simulate Inc., based in New York, the producer of Nuggs vegetable-based chicken substitute has raised $50 million in a funding round led by Seven Seven Six, headed by Alexis Ohanian.  Additional investors include McCain Foods of Canada, Nomo Ventures and Day One Ventures.  Nuggs products are marketed through major retail chains including Walmart, Target, and Whole Foods Market.  The company previously raised $11 million and the proceeds of the latest round will be used to finance expansion and to increase the presence of the company in both retail and food service.

 


 
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