Tyson invests in a vegan shrimp company

Tyson Ventures, the venture capital arm of meat processing company Tyson Foods, recently invested an undisclosed amount in the San Francisco-based vegan start-up VAN. Founded in 2015, the startup produces a herbal shrimp-based alternative and is expected to expand in the foodservice sector in early 2020. Its first shrimp product is made from seaweed and seaweed. vegetable proteins from sustainable sources. are found in meat and seafood. New Wave also plans to create crab and lobster herbal. "We are excited about this investment in the rapidly growing vegetable protein market," said Amy Tu, president of Tyson Ventures. "This allows us to continue to identify and invest in companies offering disruptive products and advanced technologies related to our core business, so that we can continue to serve a growing global population. continue to develop its own herbal meat substitutes. In June, the company announced the launch of its Raised & Rooted brand for non-vegan flexitarians, but including products such as egg-free, beef-based nuggets and beef-plant burgers.