Lewis Hamilton-backed Neat Burger raised $18m in Series B funding round
The funds will be used to fuel its expansion in the US.
Neat Burger, the plant-based food group backed by British race car driver Lewis Hamilton and actor Leonardo DiCaprio, is expanding its global reach after successfully raising $18m in a Series B funding round.
The funds will be used for its expansion in the US.
The successful funding round was completed in October despite the challenging macroeconomic backdrop and reflects Neat Burger's progress as a leading plant-based food company. Formula One Champion Lewis Hamilton, who is well known for his support for the environment has reinvested, as did Chimera Capital. The raise also attracted the interest of notable new investors including LionTree, New Theory Ventures, Real Madrid goalkeeper Thibaut Courtois and model and actress Sara Sampaio.
The round was led by B-Flexion, a private institutional investment firm founded by Ernesto Bertarelli, which has an increasing number of investments focused on sustainability.
Following the opening in New York, Neat Burger plans to expand in Italy and the Middle East. Neat Burger opened its first franchise in Dubai in October 2022.