Cash-Strapped Beyond Meat Gets $100 Million From Diet Non-Profit

Beyond Meat Inc. raised $100 million in debt financing from a plant-based diets advocate, as the company continues to search for funds to shore up its liquidity.

The lender, Unprocessed Foods, is an affiliate of Ahimsa Foundation, an organization “focused on advocating for plant-based diets,” the plant-based meat supplier said on Wednesday when it reportedearnings that missed analysts’ estimates. The same foundation also provided $16 million capital to help out the maker of plant-based eggs Eat Just Inc. nearly two years ago.

“The overall macro environment is challenging for alt-protein, but we are confident of the leadership and ...