Return to site

Chinese Plant Protein Food Technology Startup STARFIELD Completed Round B Financing

January 12, 2022

On January 11, 2022, Chinese plant protein food technology startup STARFIELD announced that they had completed the round B financing of US $100 million. After financing, STARFIELD will focus on the layout of production and research construction and laboratory equipment investment, and constantly explore the innovation of plant protein technology. In the future, STARFIELD will further improve the texture and flavor of products, and launch product forms such as stewed beef, whole chicken chops, and whole pork chops. 

 

At the same time, STARFIELD also announced that its first production base and self-built factory are going to be located in Xiaogan, Hubei Province. At present, there are only a few Chinese plant protein food technology enterprises having self-built factories. For STARFIELD, self-built factories are of great significance in their development process. As an emerging industry, the rapid upgrading and iteration speed of plant protein food can not be ignored. In order to respond flexibly to the market, the self-built factory of STARFIELD can meet the changing needs of customers through flexible production, open up the closed-loop of "market - R&D - production" and realize the integration of production, research, and marketing. In this way, relevant products can be continuously and rapidly developed and refined according to market feedback, so as to increase the efficiency of product iteration. 

 

After long-term technical reserve, the current product scheme of STARFIELD has covered hundreds of plant protein-related products such as plant minced meat, plant sausage, plant meatball, plant meat cake, plant meat steak, and plant ham meat, which has met the cooperation needs of almost all catering brands and consumers' imagination of food. In the future, STARFIELD will become a leading production base of plant protein food in Asia.