Thursday, May 4, 2017
Soylent Stocks Up With $50M More In Funding
Los Angeles-based food alternative developer Soylent announced this morning that it has raised $50M in a Series B funding round, led by GV (formerly Google Ventures) and also including Tao Capital Partners, Lerer Hippeau Ventures and Andreessen Horowitz. The company said that GV's Andy Wheeler joins the company's board with the funding. Soylent, led by Rob Rhinehart, said the funding will go to expand its current product offerings and support expansion efforts. Rhinehart says it is developing "healthy, functional foods", with GV pointing out to the lack of access to "complete, affordable nutrition". Soylent develops a line of products--powders and drinks--which can be used in place of eating food.