My Queue

There are no Videos in your queue.

Click on the Add to next to any video to save to your queue.

There are no Articles in your queue.

Click on the Add to next to any article to save to your queue.

There are no Podcasts in your queue.

Click on the Add to next to any podcast episode to save to your queue.

You're not following any authors.

Click the Follow button on any author page to keep up with the latest content from your favorite authors.

Investors

Plant-Based Investments Get GCC Boost From KBW Ventures Founder Prince Khaled Bin Alwaleed

Prince Khaled will be joining VCs from Stray Dog Capital and New Crop Capital at sf.citi's Future of Food 2.0 to discuss plant-based investment strategies in July 2019 at WeWork's San Francisco headquarters.
Plant-Based Investments Get GCC Boost From KBW Ventures Founder Prince Khaled Bin Alwaleed
Image credit: KBW Ventures
HRH Prince Khaled bin Alwaleed bin Talal Al Saud
3 min read

You're reading Entrepreneur Middle East, an international franchise of Entrepreneur Media.

A few short months ago, the words “plant-based investments” probably wouldn’t have rung many bells in the larger business community. Shrugged off by many traditional investors, VCs in Silicon Valley disagreed– many of whom have now gone all-in to play the “long-game.” 

In the MENA region, KBW Ventures founder HRH Prince Khaled bin Alwaleed bin Talal Al Saud was the first venture capitalist backer of plant-based companies.

“Early on, whenever I said anything about the potential of plant-based business models, I could see that no one really knew what I was talking about, and how huge the market really is," Prince Khaled said. "I’ve discussed a few of these startups here in regional meetings, and there wasn’t significant interest, or even real consideration of the businesses."

However, things have changed since Beyond Meat went public. Following Beyond Meat’s successful IPO, traditional investors are taking note that they’re now joining the impressive early-adopter list, which includes Bill Gates and Richard Branson.

The first-ever plant-based product company to list on Nasdaq, CNBC reported that Beyond Meat surged 163%, calling it “the best IPO so far in 2019.” The hugely successful IPO positioned the company’s market value at US$3.77 billion; leading pundits to declare that despite it being a food company, it was getting the “tech valuation” treatment.

"After Beyond Meat made global headlines, I’ve got people asking how to get in early with other plant-based business models," Prince Khaled noted. "This is an amazing shift in thinking from a business perspective, and from an environmental perspective."

Prince Khaled will be joining VCs from Stray Dog Capital and New Crop Capital at sf.citi’s Future of Food 2.0 to discuss plant-based investment strategies in July 2019 at WeWork’s San Francisco headquarters.

The event, sponsored by Facebook, also boasts a “Meatless Marketplace,” presenting plant-based products from Silicon Valley’s leading startups in the burgeoning space.

Prince Khaled has vocally championed plant-based business models for years, and was early to join the A-list of VCs on Beyond Meat’s impressive roster. Prince Khaled’s KBW Ventures is also part of the strong lineup of VCs rooting for Memphis Meats, another plant-based food company.

KBW Ventures was also part of the Series A investment of US$17 million into the Silicon Valley-based business co-founded by Dr. Uma Valeti and Nicholas Genovese in 2015.

Related: Four Seasons Bahrain Launches Plant-Based Menu By Chef Matthew Kenny And KBW Ventures

More from Entrepreneur

Jason's expertise and experience can help you with storytelling, motivation, and pitching your business to media.
Jumpstart Your Business. Entrepreneur Insider is your all-access pass to the skills, experts, and network you need to get your business off the ground—or take it to the next level.
Create your business plan in half the time with twice the impact using Entrepreneur's BIZ PLANNING PLUS powered by LivePlan. Try risk free for 60 days.

Latest on Entrepreneur