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ISSUE – Fab. 22 |Just Inc. raising $200M amid controversial past

Plant-based food maker Just Inc. is raising $200 million in growth funding, according to Bloomberg. CLSA, the international affiliate of Beijing-based Citic Securities, is reportedly participating in the round, as Just Inc. is said to be gauging preliminary interest from Chinese investors.

The news of the fundraise comes despite a history colored by a string of scandals, and it marks Just Inc.’s first raise since 2017, when it was said to be targeting a $150 million Series D. The San Francisco-based company, then known as Hampton Creek, reportedly struggled to raise the funds two years ago, following months of food safety concerns and an alleged buyback scheme. [ Pitchbook ]

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