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Investors pour $75m into US plant-based formula firm Kate Farms

Kate Farms formula

US nutrition firm Kate Farms has raised US$75m in a Series C funding round for its plant-based formulas, led by life-science investor Novo Holdings.

Kate Farms produces organic formulas for tube-feeding people with chronic illnesses, as well as oral nutrition shakes for those with shorter-term or milder conditions.

The company,

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