Plant-Based

The alternative protein start-up has taken its total capital raised to $2bn since being founded in 2011 and raised $700m in 2020.

The Australian government’s clean energy investment agency has continued its push into agriculture, backing alternative proteins start-up All G Foods.

Public market flotations by highly coveted and well-funded ag start-ups have followed in the footsteps of Beyond Meat’s 2019 IPO, adding to the growing signs of industry maturity.

The Series B shares will pay an 8 percent annual dividend and were offered as part of deal that gives SunOpta the option to call on a second tranche of $30m from Oaktree and Engaged Capital before mid-July.