Vow completes $73.5m Series A raise
Cultivated meat start-up Vow has been advised on its Series A capital raise, which garnered $73.5 million.
Firm: LegalVision (Vow)
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Deal: The Series A capital raise was co-led by venture capital firms Blackbird and Prosperity7 Ventures, with Toyota Ventures, Square Peg, HostPlus Super, NGS Super, Grok, Tenacious Ventures, Pavilion Capital, Cavallo Ventures and Peakbridge also participating.
The funds will facilitate, LegalVision said in a statement, Vow’s expansion into Singapore restaurants by the end of this year under its brand, Morsel, and will be used for hiring, product development and expanding their manufacturing capabilities.
Vow is also seeking regulatory approval in Australia and the USA.
Area: Corporate
Value: $73.5 million
Key players: The LegalVision team was led by practice leader Jill McKnight and senior lawyer David Kerr.
Deal significance: Ms McKnight said: “It was fantastic to work with Vow again on another successful capital raise and to see the company receiving the interest it deserves.
“These funds will have a significant impact on Vow’s ability to provide a sustainable replacement for animal agriculture.”
Vow chief executive and co-founder George Peppou added: “Working with the LegalVision team once again has been invaluable.
“Thanks to this outstanding raise, we are in a position to build out factory two and bring our first products to market around the world.”