Plant-based chicken brand Daring has raised $40 million in a Series B funding round led by D1 Capital Partners.

Headquartered in Los Angeles, US, Daring says that its chicken alternative products are made with non-GMO ingredients and contain 14g of protein per serving. The brand’s range includes Original, Lemon & Herb, Cajun and Original Breaded Pieces.

Alongside D1 Capital Partners, the round also received participation from existing investors Maveron and Palm Tree Crew, as well as musician Aubrey Drake Graham, known as Drake.

Daring will use the new funds to triple its internal team by the end of the year, accelerate its growth in the retail and foodservice channels, and support further product development.

Last year, Daring secured $8 million in a Series A funding round led by Maveron. Since then, the company has added more than 1,000 retail locations to its distribution footprint, with further expansion planned for the coming months.

“Daring has demonstrated impressive product-market fit in a short period of time,” said Michael Tully of D1 Capital Partners.

“The brand has a significant growth runway ahead of it as the chicken market remains underpenetrated by plant-based products. Ross and his team are best-in-class leaders, and we are excited to be a part of Daring’s continued success.”

Daring CEO and co-founder, Ross Mackay, added: “This is so much more than an investment in Daring, it’s an investment in the future of food.

“This past year has been transformative for us—from launching new products and growing our presence in retail and foodservice to expanding our market share. We are so fortunate to have such visionary investors fuelling our company’s future and furthering our mission.”

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