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NotCo

NotCo

NotCo is a food science company located in Santiago, Chile, making plant-based Greek yogurt, milk, cheese and mayonnaise, with the help of their artificial intelligence software called Giuseppe.

NotCo is a food science company using artificial intelligence to create novel plant-based meat and dairy alternatives. The company was founded by Matias Muchnick, Pablo Zamora, and Karim Pichara, and is located in Santiago, Chile.

Use of artificial intelligence
Giuseppe

NotCo is developing its own machine learning software technology called "Giuseppe", that learns to predict how to make plant-based ingredients tastes like animal-based products. NotCo is using Giuseppe to map similarities in plant protein and animal proteins using machine learning and genomics to better predict which plant-based ingredients will combine best to emulate animal proteins. Founder and CEO of NotCo, Matias Muchnick, believes that "If we can map the genome of a lentil or whatever bean there is, you could easily understand and predict whether that bean could emulate an animal-based protein." NotCo claims Giuseppe can sort through food consumer needs such as nutrition, sustainability, texture, flavor, and color, in ways which help create plant-based products.

Products
  • Not Mayo
  • Not Milk
  • Not Yogurt
  • Not Cheese
Funding
Convertible Note

On April 27, 2017, NotCo received a convertible note from SOSV and IndieBio. Details of the transaction remain undisclosed.

Seed 1

On April 27, 2017, NotCo completed their seed funding round. They raised an undisclosed amount of funding from SOSV and IndieBio.

Seed 2

On December 7, 2017, NotCo completed their second seed funding round. They raised an undisclosed amount of funding from SOSV and IndieBio.

Investment from Kaszek Ventures & SOSV

On July 28, 2018, NotCo announced it received a $3,000,000 investment from Kaszek Ventures and SOSV.

Timeline

July 27, 2021
NotCo raises a $235,000,000 series D round.
July 26, 2021
NotCo raises $235,000,000 in Series D funding round led by Tiger Global and was joined by DFJ Growth Fund, ZOMA Lab, Lewis Hamilton, Roger Federer, Questlove, Bezos Expeditions, Enlightened Hospitality Investments, Future Positive, L Catterton, Kaszek Ventures, SOSV and Endeavour Catalyst.
September 2020
NotCo raises a $85,000,000 series C round from Future Positive and L Catterton.
September 2020
NotCo raises a $85,000,000 series C round from Future Positive and L Catterton.
September 2020
NotCo raises a $85,000,000 series C round from Future Positive and L Catterton.
March 2019
NotCo raises a $30,000,000 series A round from IndieBio, Kaszek Ventures and The Craftory.

Funding rounds

People

Name
Role
LinkedIn

Camila Sepulveda

Head of Sensorial Innovation

Isidora Silva

Biochemistry

Karim Pichara

Co-Founder & CTO

Matias Muchnick

Founder & CEO

Pablo Zamora

Co-Founder & Vice President of Science

Sergio Alguilera

Food Science

Further reading

Title
Author
Link
Type
Date

Algorithms Could Rewrite the Recipes of the Future

Joseph Bien-Kahn

Web article

An eggless mayo startup is out to beat Hampton Creek -- here's the verdict

Erin Brodwin

Web article

Chilean start-up that uses AI to reinvent food eyes U.S. deals

Rosalba O'Brien

Web article

Chilean startup: 'Using technology for plant-based food development is going to be huge'

foodnavigator-usa.com

The Not Company is looking to start a food revolution from Chile

Jonathan Shieber

Web article

Documentaries, videos and podcasts

Title
Date
Link

Indie Bio - Demo Day #5 - NotCo

October 13, 2017

Companies

Company
CEO
Location
Products/Services

News

Title
Author
Date
Publisher
Description
Alexandra Ames
August 17, 2021
TechCrunch
Solving the twin challenges of human and planetary health is the greatest task of our generation, and it also presents the greatest entrepreneurial opportunity in history which is why we've partnered with Mayfield to bring you an engineering biology track to Disrupt 2021 this September 21-23. Haven't secured your spot yet? Grab your ticket now [...]
Matteo Tisei
July 27, 2021
FinSMEs
About | Advertise | Contact | Disclaimer | News | The Daily Deal Newsletter FinSMEs.com by FinSMEs is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported License.
Christine Hall
July 26, 2021
TechCrunch
Foodtech company NotCo, making plant-based milk and meat replacements, wrapped up another funding round this year, a $235 million Series D round that gives it a $1.5 billion valuation.
abillionveg Pte Ltd
June 15, 2021
www.prnewswire.com:443
/PRNewswire/ -- abillion, una plataforma digital que promueve la sostenibilidad y los alimentos de origen vegetal, lanzó sus premios a los Mejores Helados...
Alex Bitter
June 3, 2021
Business Insider
NotCo did not disclose the size of the investment in a statement Thursday, though it did say that it has raised $130 million to date.
Jonathan Shieber
July 23, 2020
TechCrunch
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 [...]

References

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