Lever VC announces $46m fourth close of its alternative protein fund

Global venture capital fund, Lever VC, has announced a $46m fourth close of its Lever VC Fund I, which focuses on the alternative protein space.

The Lever VC Fund I’s third and fourth closes included the addition of three corporate investors from Europe and Asia, as well as capital from NFL and NBA athletes, British nobility and a range of family offices worldwide.

Lever VC invests in early-stage plant-based and cell-cultivated meat and dairy companies, and has built a portfolio of 14 alternative protein start-ups from across the US, Europe, Asia and Latin America.

TurtleTree Labs, Mission Barns, Bluu, Better Meat Co, Good Planet Foods and Grounded are all among the companies that have received investments from Lever VC.

“We are pleased to have welcomed a variety of great, value-add corporate strategic and family office investors into the Lever VC Fund,” said Lever VC managing partner, Nick Cooney.

“The Fund’s third and fourth closes included capital from NBA and NFL athletes, British nobility, alternative protein industry veterans, and leading European and Asian food corporates that will bring tremendous reach to our portfolio companies.”

The Fund remains open to additional investors and plans to hold its final close in June.