Vegan Cheesemaker Miyoko’s Raises $52 Million in Funding Round

Miyoko’s Creamery, a maker of imitation cheese and butter, raised $52 million in new funding as investors flock to plant-based proteins.

The series C funding round was led by PowerPlant Partners, a group that focuses on sustainable consumer companies, which invested $40 million. JMK/Cult Capital, Obvious Ventures, Stray Dog, and Coller Capital are also participating. Miyoko’s Creamery didn’t disclose its latest valuation.

“With how fast the industry is changing, we have to push as hard as we can in innovating and carving out our space in this growing sector,” said Miyoko Schinner, founder and chief executive officer of ...