Pillsbury represented investment firm Princeville Capital in leading a $70 million Series D1 financing round for NotCo, a food tech company with a first-of-its-kind patented artificial intelligence technology, to launch their new B2B Unit.
Offering products such as NotMilk™, NotBurger™ and NotChicken™, NotCo has revolutionized plant-based foods—utilizing their proprietary technology to create the same taste, texture, functionality and smell of animal-based foods.
Princeville Capital supports many different sectors ranging from advanced mobility to, in this case, sustainable food and agriculture. Princeville’s Climate Technology Fund invests in leading growth stage businesses that leverage technology to hasten the impact of climate mega-trends.
The Pillsbury deal team included Corporate partners Christina Pearson and Jim Masetti, associate Gaby Smith and Intellectual Property partner David Jakopin with additional diligence help from Corporate associate Juan Pablo Cordon, Intellectual Property attorney Robert Pérez, counsel Sam Eichner and patent agent Shannon Lewis.
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