After completing an $18M investment round, Neat Burger's valuation has increased to $100M

 

After completing an $18M investment round, Neat Burger's valuation has increased to $100M, bringing in investors, including B-Flexion, LionTree, and Thibaut Courtois.  Lewis Hamilton, SoftBank's Rajeev Misra, and other existing investors participated in a new funding round, allowing Neat Burger to open a U.S. site and up to three in London by 2025. Neat Burger is still upbeat about its expansion plans despite a downturn in the market for plant-based meals and conflicting investor sentiment in the industry. Due to several difficulties, including inflation and the consumer recession following Russia's invasion of Ukraine, the company has delayed its expansion. The co-founders of Neat Burger want to compete with well-known burger restaurants and think that the number of individuals cutting back on meat intake is rising. In the first quarter, like-for-like sales at Neat Burger increased by 19%, although detailed revenue data were not provided.