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How much will be estimated to have been invested by VCs in U.S.-based plant-based meat startups, in millions of USD, in the calendar year 2022?
According to a report by The Good Food Institute (GFI), in 2018, an estimated $673 million invested was invested in companies involved in the supply chain of plant-based meat, eggs, and dairy. In that year, venture capital was the most common type of funding, representing 43% of the total 233 completed deals that year.
How much will be estimated to have been invested by VCs in U.S.-based plant-based meat startups, in the calendar year 2022, in millions of USD, in 2019 prices?
This question resolves as a credible estimate of the amount of venture capital investment in U.S.-based plant-based companies in the calendar year 2022. The amount of investment is to be adjusted for inflation using a suitable U.S. CPI from the Bureau of Labour Statistics.
The estimate should originate from a credible independent source, preferably by nonprofit research organisation focussing on plant-based meat and related technologies, such as the Good Food Institute.
For the purpose of this question, we shall adopt the following definition of Plant-Based Meat (based on GFI, 2019):
“plant-based meat” is taken to refer to plant-based products that aim to be direct replacements for animal meat by mimicking the taste, texture, and look of animal meat, and are marketed as doing such.
A plant-based meat company should be whose principal activities are those in some part of the plant-based meat supply chain.
For singular investments below $20M, the admin resolving the question may solely rely on the relevant report to correctly identify plant-based meat companies.
For larger singular investments exceeding $20M, an admin should confirm that the recipient of the investment is indeed a company whose principal activities are those in some part of the plant-based meat supply chain. This should be done by finding at least three articles published by credible media organisations in which the company is explicitly described as a "plant-based meat" company within 6 months of the announcement of the investment. Descriptions should use the words "plant-based meat" or any variations where "meat" is replaced with a specific meat (e.g. "plant-based beef" or "plant-based burger"), and/or variations where "plant" is replaced with a specific plant (e.g. "pea-based meat" or "soy-protein based chicken").
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