Drake has been widely recognized for his contributions in the world of music and has reached incredible success, receiving endless accolades for his talents in that area. He’s now making the headlines for something very different, as he expands his investment portfolio to include a stake in Daring Foods, a company that specializes in making faux chicken. Complex reports that Drake’s big move into this market is sure to draw greater attention to the development of plant-based foods, and the increasing rate in which the general public is embracing this cutting edge concept.
RELATED: Drake’s $100 Million Mansion Is Called ‘The Embassy’ For A Reason
Drake’s investment puts him at the threshold of what is expected to be a very lucrative industry, and he’s investing at a grassroots stage, ensuring his stake in the company is as lucrative as possible.
Along with the news of Drake’s stake in Daring Foods, comes the announcement that he has declared himself as a vegetarian since 2018. Opting to ditch meat from his diet, Drake is sure to have sought alternative modes of eating, and partnering with a company that produces faux-chicken seems like a natural match for the star.
Daring Foods is a Los-Angeles based corporation that was founded in 2018. They aim to produce delicious, plant-based products that are free of meat and meat byproducts, but packed full of nutrients and quality ingredients.
Drake is one of many investors taking advantage of the opportunity to break into this industry, and Daring Foods is about to receive a huge surge in funding. They already have fairly significant distribution, but this round of additional funding will aid them in substantially increasing their earning power by growing their market.
Complex reports that; “The investments will reportedly help Daring Foods expand its retail distribution to more than 4,500 U.S. stores in 2021. Its products are currently available at stores like Kroger, King Soopers, Costco, and Sprouts.”
There has yet to be a report to indicate the dollar value of Drake’s investment, but reports have confirmed that “Drake was among those who contributed to Daring Foods’ series B funding round led by D1 Capital Partners,” which is believed to be pegged to be somewhere in the range of $40 million.
This industry is poised to grow substantially in the very near future. Projections are all boasting huge predictions, as much of the world shifts their attention to a more sustainable, healthy, cruelty-free lifestyle.
The Beet reports that Drake is beaming with pride over this new venture, and they quote him as saying; “I was immediately drawn to the Daring team’s mission to transform how we eat and I am excited to invest in and support a product I enjoy.”
READ NEXT: Started At The Bottom, Now He’s Here: The Rise of Drake
Sources: The Beet, Complex, Hot New Hip Hop
Source: Read Full Article