Zikooin Company Raises USD 23 Million
SEOUL, South Korea, Nov. 23, 2021 - Zikooin Company, a plant-based meat substitute manufacturer (CEO Min, Keum-chae) attracted investments totaling around USD 23 million.(28 billion Korean won)
Zikooin Company won follow-ons from Primer Sazze Partners, IMM Investment, A Ventures, and Envisioning Partners. KDB Bank, STIC Ventures, PremierPartners, and Crit Ventures are newly invested in the vegan food maker. KDB Bank invested 8 billion Korean won through its program to upgrade Korea's industrial structure. The investment included 6 billion Korean won for building a new factory.
Zikooin Company produces plant-based meat products which have the texture, juiciness, taste, and smell of meat. It launched five varieties of meat alternatives—sliced meat, patty, minced meat, pulled barbeque, and meatballs. Their recently launched vegan cheddar cheese has put the company in a position to compete in the dairy substitute sector as well.