Rebellyous Foods, developer of a “next-generation” plant-based meat manufacturing system, has announced a $9.5 million equity round.

The Seattle-based company – which was founded by former aerospace engineer Christie Lagally – has developed patented technology that “unlocks production at cost parity to animal-based chicken”.

The company plans to use the funds to deploy its novel manufacturing system, which is engineered for the specific properties of plant-based protein.

“During a tough economic slump, we are thrilled by this testament to investors’ belief in Rebellyous and in price parity as a solution to sustained growth of plant-based meat in the marketplace,” said founder and CEO, Lagally.

“The world is in desperate need of viable solutions to animal agriculture, and we are delighted we are one step closer to delicious, affordable plant-based meat for all.”

Rebellyous produces plant-based nuggets, patties and tenders, which are available in retail locations across the US.

Mike Miller, board member and partner at Liquid 2 Capital, added: “Rebellyous is the only company making meaningful strides towards price parity”.

“The plant-based meat industry has shown us that the status quo isn’t cutting it, and it takes a new style of thinking to look beyond food chemistry to manufacturing.”

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