Hampton Creek, with substitute egg on its face, raises $50M (report)

Above: Thanks for the mayo.

Image Credit: Mark Sullivan/VentureBeat

Hampton Creek, a startup looking to replace factory-farmed eggs with a plant-based alternative, might have lost high-profile investor Ali Partovi as its chief strategy officer, but it’s apparently managed to pick up a $50 million round, just a few months after an earlier $23 million raise.

The new round comes as the startup was kicking around a valuation near or above $300 million, according to a report today from the Wall Street Journal.

Vy Capital is leading the round, according to another report.

The startup did not immediately respond to VentureBeat’s request for comment.

San Francisco-based Hampton Creek makes vegan “mayo” — substitutes for mayonaise — in sriracha, chipotle, garlic, and regular flavors. It also makes fake chocolate chip cookie dough.

Whole Foods stores sell the products around the U.S., and it’s been looking to form alliances with food companies that could use Hampton Creek products to make readily edible food products.

In March Hampton Creek said it has signed deals with six Fortune 500 companies in just three months.

Previous investors include Bill Gates, Li Ka-shing’s Horizon Ventures, Founders Fund, Collaborative Fund, and Khosla Ventures.

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