Chunk Foods Puts the “Meat” in “Meat Alternatives”

Can’t Believe It’s Not Meat!

Chunk Foods, one of the more recent players in the plant-based food industry, just raised $15 million to develop a plant-based steak.

Unlike plant-based proteins with a distinct taste, the Israeli startup’s planned line of alternative proteins will all mimic that texture, taste, and color of traditional meat. Chunk is betting you won’t be able to tell the difference from its meat substitute steak and a real tenderloin.

Expansion Plans

Chunk Foods’ $15 million seed funding round was led by Fall Line Capital, along with MIT’s E14 Fund and actor Robert Downey’s FootPrint Coalition Ventures.

With this fresh capital, the alternative meat company plans to perfect the fermentation process it uses to create alternative meats. Chunk Foods’ proprietary process uses food-grade microorganisms to turn soy and wheat into proteins. This is what allows Chunk Foods to closely mimic the texture and taste of real meat.

Chunk Foods plans to use its newfound millions to build a facility in Israel it boasts will be “one of the largest plant-based whole cuts factories in the world.”

Plant-Based Proteins

Currently, you can try Chunk Foods steaks at select restaurants in New York City, including Coletta, Anixi, and The Butcher’s Daughter. But soon you shouldn’t have to travel further than your backyard grill. Once its new factory is complete, Chunk Foods plans to start producing millions of steaks per year.

The steaks will feature no preservatives, additives, cholesterol, or GMOs. But they’ll still have the delicious taste of real steak, plus 25 grams of protein to boot. And, for those with soy or wheat allergies, Chunk Foods has food products in the pipeline made without these raw products.

For the reluctant vegetarians, vegans, or other herbivores out there who miss the sizzle and taste of a perfectly-cooked steak, Chunk Foods might just be the solution.

Looking for more stories like this? Check out On the Money — SoFi’s one-stop-shop for news, trends, and tips!

Check it out

Please understand that this information provided is general in nature and shouldn’t be construed as a recommendation or solicitation of any products offered by SoFi’s affiliates and subsidiaries. In addition, this information is by no means meant to provide investment or financial advice, nor is it intended to serve as the basis for any investment decision or recommendation to buy or sell any asset. Keep in mind that investing involves risk, and past performance of an asset never guarantees future results or returns. It’s important for investors to consider their specific financial needs, goals, and risk profile before making an investment decision.
The information and analysis provided through hyperlinks to third party websites, while believed to be accurate, cannot be guaranteed by SoFi. These links are provided for informational purposes and should not be viewed as an endorsement. No brands or products mentioned are affiliated with SoFi, nor do they endorse or sponsor this content.
Communication of SoFi Wealth LLC an SEC Registered Investment Advisor
SoFi isn’t recommending and is not affiliated with the brands or companies displayed. Brands displayed neither endorse or sponsor this article. Third party trademarks and service marks referenced are property of their respective owners.
SOSS23050502