Day: July 23, 2020

The Not Company, a maker of plant-based meat and dairy substitutes in Chile, will soon be worth $250M

The Not Company, Latin America’s leading contender in the plant-based meat and dairy substitute market, is about to close on an $85 million round of funding that would value it at $250 million, according to sources familiar with the company’s plans.

The latest round of funding comes on the heels of a series of successes for the Santiago-based business. In the two years since NotCo launched on the global stage, the company has expanded beyond its mayonnaise product into milk, ice cream and hamburgers. Other products, including a chicken meat substitute, are also on the product roadmap, according to people familiar with the company.

NotCo is already selling several products in Chile, Argentina and Latin America’s largest market — Brazil — and has signed a blockbuster deal with Burger King to be the chain’s supplier of plant-based burgers. It’s in this Burger King deal that NotCo’s approach to protein formulation is paying dividends, sources said. The company is responsible for selling 48 sandwiches per store per day in the locations where it’s supplying its products, according to one person familiar with the data. That figure outperforms Impossible Foods per-store sales, the person said.

NotCo is also now selling its burgers in grocery stores in Argentina and Chile. And while the company is not break-even yet, sources said that by December 2021 it could be — or potentially even cash flow positive.

NotCo co-founders Karim Pichara, Matias Muchnick and Pablo Zamora. Image Credit: The Not Company

With the growth both in sales and its diversification into new products, it’s little wonder that investors have taken note.

Sources said that the consumer brand-focused private equity firm L Catterton Partners and the Biz Stone-backed Future Positive were likely investors in the new financing round for the company. Previous investors in NotCo include Bezos Expeditions, the personal investment firm of Amazon founder Jeff Bezos; the London-based CPG investment firm, The Craftory; IndieBio; and SOS Ventures.

Alternatives to animal products are a huge (and still growing) category for venture investors. Earlier this month Perfect Day closed on a second tranche of $160 million for that company’s latest round of financing, bringing that company’s total capital raised to $361.5 million, according to Crunchbase. Perfect Day then turned around and launched a consumer food business called the Urgent Company.


These recent rounds confirm our reporting in Extra Crunch about where investors are focusing their time as they try to create a more sustainable future for the food industry. Read more about the path they’re charting.


Meanwhile, large food chains continue to experiment with plant-based menu items and push even further afield into cell-based meat using cultures from animals. KFC recently announced that it would be expanding its experiment with Beyond Meat’s chicken substitute in the U.S. — and would also be experimenting with cultured meat in Moscow.

Behind all of this activity is an acknowledgement that consumer tastes are changing, interest in plant-based diets are growing, and animal agriculture is having profound effects on the world’s climate.

As the website ClimateNexus notes, animal agriculture is the second-largest contributor to human-made greenhouse gas emissions after fossil fuels. It’s also a leading cause of deforestation, water and air pollution and biodiversity loss.

There are 70 billion animals raised annually for human consumption, which occupy one-third of the planet’s arable and habitable land surface, and consume 16% of the world’s freshwater supply. Reducing meat consumption in the world’s diet could have huge implications for reducing greenhouse gas emissions. If Americans were to replace beef with plant-based substitutes, some studies suggest it would reduce emissions by 1,911 pounds of carbon dioxide.

5 Tips on Finding Compatible Partners on Dating Apps

Online dating has become the mainstream way to meet singles. Nowadays, it’s more common to meet couples who say that they met on an app than those who say they met at a bar.

During the age of social distancing, more and more singles are turning to dating apps to meet potential partners—especially those with video call features, such as Say Allo and Coffee Meets Bagel. Even as restrictions ease up, dating apps will still be a vital tool for meeting new people.

Dating apps have grown in popularity over the years. There are now 1,500 dating apps around the world that cater to people from all types of backgrounds and interests. According to Pew Research Center, dating app usage in the U.S. has been on the rise over the past few years. 30% of U.S. adults have at some point used a dating app, an 11% increase since 2013.

In addition to a surge in dating apps and an increase in usage, apps have become increasingly diversified. There are apps that cater to people from all walks of life with different tastes and personality types. There’s now a niche dating app that appeals to every type of person.

Whether you want to meet someone who shares your faith, or who is passionate about saving the environment or who loves dogs; or you’re an introvert who prefers intimate connections, you’re sure to meet someone who shares your interests and lifestyle preferences.

While dating apps have made it easier to meet a large pool of singles, it doesn’t mean they’ve made dating easier. The idea of sifting through a sea of romantic options is daunting and it leaves many people wondering if it will actually lead them to that one person who they can share a magical and lasting connection with.

Most experienced daters know that sharing common interests isn’t necessarily an indicator of personal compatibility. There are other deeper and significant aspects of compatibility that should be considered when looking for a stable and long-term connection such as, future vision, attitude towards family and financial planning.

Dating and relationship expert, Susan Winter, said in an interview with Say Allo, that dating can be a valuable learning process, provided we take the right approach. Winters said that by being strategic about our use of dating apps and gaining experience as we date more people, we’ll maximize our chances of finding our perfect match.

If you’re someone who feels overwhelmed by the seemingly endless options of potential partners available on dating apps or you’re having difficulty finding compatible matches, here are five tips you can use to find compatible matches and set yourself up for dating success.

Ask the right questions

In the beginning you want to keep things light and flirty, but if you want to take things to the next level you should be asking questions with substance. These are questions that allow you to get to know a person’s true character. Good dating questions help you scratch more than just the surface and reveal personality traits and interests to see if you’re a good match.

Make sure your profile reflects the real you

online dating tips for finding the right person

Your profile is set up to give a snapshot of who you are: your personality, what you’re into and possibly some hints of what being in a relationship with you would be like. This helps matches get what your vibe is and understand how you’re different from others. The more you reveal the real you, the more you filter out people who would not be a good match for you. Don’t be afraid to declare if you’re a geek at heart or if you’re a gym rat or a vegan. Fully own everything about you and know your value.

Spend more time on each profile

When using dating apps, there’s a tendency to mindlessly swipe through matches, but if you want to find compatible partners you have to spend more time on each profile, especially the ones that pique your interest. Look at photos and examine details such as outfit choices, locations, body language, locations, poses. Read each person bio and responses. What does it reveal about them? Are they playful, serious or cheeky? Are they career-driven or are they the life of the party type of person or a bookworm?

Use apps with the right features

The technology of dating apps has become increasingly sophisticated with filters that allow users to focus on personality traits, body types and values before they even meet in person. There are dating apps specifically designed to find compatible matches for long-term relationships. Compatibility indexes and reports such as the ones offered on Say Allo and eHarmony do all the work for you. They also provide an overview on initial compatibility centered on income, religion, education and more.

Use your gut instinct

dating tips

We’ve all heard a lot about those happy couples who said they “just knew” right away when they met someone special. That’s because they listened to their gut instinct—a powerful tool in dating. It’s that strange feeling you can’t quite put your finger on. It could be a voice in your head, butterflies in your tummy, and feelings of nervousness. It could be a knot in your stomach. Whatever it is, listen to it. If something doesn’t feel right, trust your judgement. But if you sense good vibes from the person, go ahead and swipe right.

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Trump’s latest boast about his ‘very hard’ cognitive test instantly became a bleakly funny meme

Trump's latest boast about his 'very hard' cognitive test instantly became a bleakly funny meme

Of all the many things to be concerned about right now, the mental acuity of Donald Trump is certainly one of them. It’s also one of the things he’s currently talking about incessantly, presumably to avoid discussing the coronavirus pandemic that’s claimed more than 145,000 lives in the U.S. and counting.

Trump’s rambling, non-linear speaking style makes George W. “Is Our Children Learning?” Bush look like the greatest orator of the modern era in comparison. The contrast between his more natural, coherent speech just a few years ago and his tendency to slur words, as well as his habit of sharing thought bubbles like “Could we inject bleach into the body to kill the coronavirus?” right in front of TV cameras and journalists, have long had people speculating that the 74-year-old is experiencing some cognitive decline.  Read more…

More about Memes, Health, Fox News, Donald Trump, and Culture

Singaporean startup Partipost gets $3.5 million to let anyone become an influencer

Partipost, a Singapore-based marketing startup that lets anyone with a social media profile sign up for influencer campaigns, has raised $3.5 million in new funding. The round was led by SPH Ventures, the investment arm of publisher Singapore Press Holdings, with participation from Quest Ventures and other investors.

The funding will be used to grow Partipost’s current operations in Singapore, Indonesia and Taiwan, and expand into Vietnam, the Philippines and Malaysia, other Southeast Asian markets with heavy social media usage. Since launching its mobile app in 2018, Partipost says it has added about 200,000 influencers to its platform, and that over the past 12 months, it has helped conduct 2,500 social media marketing campaigns for more than 850 brands, including Adidas, Arnott’s, Red Bull, Chope and Gojek.

According to benchmark report released in March by Influencer Marketing Hub, the influencer marketing industry is expected to be worth about $9.7 billion in 2020, with companies spending increasing amounts on social media campaigns and working with more “micro-influencers.” To serve them, the report said that more than 380 new influencer marketing agencies and platforms were launched last year, joining a roster of companies that already include AspireIQ, Upfluence, BuzzSumo, SparkToro and Inzpsire.me, to name just a few examples.

While most of these companies focus on helping brands identify the influencers with the widest social media reach, Partipost lets anyone sign up to take part in a campaign.

“Partipost’s main difference is that we believe that everyone can be an influencer,” founder and chief executive officer Jonathan Eg told TechCrunch. “Even if you have 200 followers, you can be one. We want to create a new market that we believe will be the future. Everyone can post on social media, write a review or give some feedback and be paid for it.”

“We want to empower everyone to monetize off their own data and influence and not just allow the big tech companies to do so,” he added.

Aspiring influencers browse brand campaigns on Partipost’s app and apply to take part by submitting a post draft. If the brand approves it, the user can then go ahead and post it on their social media profiles.

The amount of cash they earn is based on how much engagement each post receives. According to the company’s website, most campaigns require a minimum of 200 followers or more, and successful users can earn an average of $5 to $150 per campaign, depending on the brand’s payout structure.

One of Partipost’s selling points for brands is that it enables them to sign up thousands of influencers for a campaign in a single day, help them react quickly to online trends. Part of the funding will also be used to build data tools to help brands match campaigns with Partipost users more efficiently. The company says it expects to increase its base of aspiring influencers to one million within the next 18 months.

As part of the funding, SPH Ventures chief executive officer Chua Boon Ping will join Partipost’s board, while Quest Ventures partner Jeffrey Seah will become an observer.

In a media statement, Chua said, “Social influencer marketing is one of the fastest growing segments within Digital marketing. Hence, we are very excited to lead Partipost’s Series A round to further accelerate its growth. We are impressed by Partipost’s strong traction in Singapore, Indonesia and Taiwan as a young startup and look forward to partnering it to scale to new markets.”

The Four Most Simple Mistakes That Renters Make All Too Often

There are over 100 million renters in the USA, meaning around a third of people in the country do not own the roof above their head.

That number is 74% higher compared to the 1960s and it’s a result of a variety of reasons, from the high cost of buying property to the freedom which many value of not being tied down. There are also various other factors such as economic recessions and personal circumstances that might dictate the decision to take the leap and become a homeowner.

Whatever the reason though, with so many Americans opting to rent, there are several things they should know. Firstly, it’s essential to understand your rights as a renter and next to avoid mistakes which can potentially cause big issues. Simply by being aware of these house renting tips, renters can avoid foregoing their rights or losing out on their hard-earned cash.

Avoid Renting a Property You Have Not Physically Seen

renter mistakes

It sounds obvious, but one should never rent a property that they haven’t seen. If this can be avoided, never sign for a property without viewing it!

There are many reasons why you may not be able to view a property before you sign an agreement. Perhaps there’s a need to move quickly, or you may be in a different city or country and need to move for work. There is some practical advice for how to deal with this, but be sure to do your due diligence and avoid making what could be a costly and upsetting error.

Even if you currently reside far away, if you are physically able to visit a property to view it before signing a rental contract, then there is no excuse for not doing so. Even if you find yourself in a rush to find a new residence, don’t rely solely on photographs or sales literature as this can often be misleading. Take a Skype tour, find someone you trust to view the property, and remember if the deal seems too good to be true then it probably is.

It’s not just important to view a property in person to check out the property. When visiting a potential rental, you get a clearer picture of the surroundings. During a visit it’s also a good idea to locate any amenities or transport hubs like trains or bus stops that are close by.

Document the Condition of the Property

Once you sign the contract and get the keys there are important steps that all renters should follow. For many of us, we want to make our rented property feel like our home as quickly as possible. However, before you put down that new rug, document the condition of the house /or apartment. Ideally this should be before you move in, or at least before unpacking your belongings.

Documenting can be tedious work depending upon the age of your rental. You should make notes of cracks, electrical problems, structural problems, or anything that just doesn’t look right. The slightest of problems should be noted, including small holes in walls where picture frames have been hung; no imperfection is too minor to note. If you document these problems them in an inventory, the landlord may fix these prior to moving in.

Pictures can help as visual proof to accompany any written documentation. Taking photographs beforehand is advantageous for when you move out. If you happen to have a dispute about deductions from your security deposit, you might need photographical evidence to support your case.

Documentation could save money down the line if you happen to identify a minor problem that could turn into a major problem.

It depends on the terms of the contract, but the burden of responsibility at the point of documentation is usually on the homeowner so long as it’s an issue noted in the walkthrough prior to moving in. Always discuss an inventory with landlords as it proves the state of the property when you move in, helping to avoid any disputes when you leave.

Consider taking out insurance

When buying a property, it’s almost unheard of that the homeowner won’t take out insurance. Yet so many renters do not even consider rental insurance.

A landlord, or the property owner, will have insurance to cover the property in case of fire, natural disasters, or other types of damage, but this insurance does not extend to cover the contents of the tenant. This could be a particularly expensive mistake if you are unfortunate enough to become victim to a fire or flood in your rented home.

When assessing the terms of renters’ insurance or if you should insure the contents of your home, consider the items of value and the cost to replace them should they become damaged. Some personal contents insurance policies also pay-out if you happen to fall victim to burglary. Take the time to carefully review the terms and conditions of potential insurance policies to see what’s covered.

Know Your Responsibilities

When moving into a new property, rented or not, it’s important to understand contractual responsibilities. In a proper contract, it should be clear when the renter is responsible for maintenance or when responsibility falls on the owner/property manager.

For example, gardens are always a bit of a grey area. Establish who is responsible for the upkeep of any external areas and get a clear idea of how often it will need to be tended to.

For larger, more complex maintenance cases there will be many responsibilities that lie with the owners. However, always ensure that it’s legally written in the contract that it is the owner’s responsibility to undertake major works and inspections. Details regarding the frequency of maintenance works and inspections should be clearly notated. Legally it can vary state-to-state, but as a tenant you should be aware of how often a fire safety inspection should take place. Other important areas of maintenance and inspection duties include security. Establish in writing whether it is up to the tenants as a collective (i.e. if you’re renting an apartment in a building) or the responsibility of the landlord or property owner.

In Summation

mistakes that renters make

Remember it’s your responsibility to know your rights. Ignorance of the law does not exempt you from responsibility. Legal precedence states that a person who is unknowing of a law may not escape liability for violating that law merely due to being unaware. Do your homework and seek legal advice if needed, as there’s a plethora of free resources out there. Even if you pay for a legal consultation for a contract review, be rest assured that for tenants especially, knowledge is power!

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