Blockchain/AI/IoT | March 6, 2018

Impact investor group launches vegetarian-meat company for Chinese market

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A quarter of the world’s meat is consumed in China, including half of all pork, and meat consumption and production are both rising.

Dao Foods International — a new collaboration between Dao Ventures, Moonspire Social Ventures and New Crop Capital — aims to “accelerate [China’s] shift toward plant-based and clean meat and capitalize on the investor interest in these better alternatives,” the company said in a statement.

The partners did not announce specific plans. New Crop Capital has invested in 16 sustainable-food ventures, while Dao Ventures has invested $200 million in impact capital in more than 1,000 startups.