ISSUE – May. 03 | Hampton Creek CEO Fires Top Execs After Fundraising Struggles

  • Food startup has raised $7 million toward a $150 million goal

  • CEO said to terminate chiefs of finance, operations and HR

Hampton Creek Inc. has struggled to line up funding, and its management is in turmoil. The venture-backed vegan food company has brought in a fraction of the funding it’s been trying to raise for the better part of a year, a slowdown from the rapid pace at which it was able to lure cash from investors in its early years as a startup. [ Bloomberg ]