NotCo’s $85 Million Investment Round

Barack Ferrazzano acted as counsel to L Catterton in this transaction.

NotCo, a leading food-tech company in Latin America, closed its $85 million Series C investment round, co-led by Future Positive, the investment vehicle of Fred Blackford and Biz Stone, and L Catterton, the largest and most global consumer-focused private equity firm.

NotCo is a food-tech company that uses proprietary technology to replace animal protein with ideal plant-based ingredients – recreating the same taste, smell, and function. NotCo plans to launch its global expansion by starting in the U.S. where the plant-based food industry has grown to a $5 billion market.

Barack Ferrazzano acted as counsel to L Catterton in this transaction with a team led by Corporate & Securities Group partner Andrew R. Grossmann (Picture), as well as attorneys Megan Ratia and Katherine E. Gause. Intellectual property co-chair Scott J. Slavick and partner David H. Bluestone handled IP-related issues for this investment.

Involved fees earner: David Bluestone – Barack Ferrazzano; Katherine Gause – Barack Ferrazzano; Andrew Grossmann – Barack Ferrazzano; Megan Ratia – Barack Ferrazzano; Scott Slavick – Barack Ferrazzano;

Law Firms: Barack Ferrazzano;

Clients: L Catterton;

Author: Ambrogio Visconti