Read more at Pandaily.com

— by Caiwei Chen: Vesta Food Lab, a Chinese plant-based substitute startup has completed a new round of financing worth RMB 16 million (USD 2.3 million) led by Xuerong Biotech, a Shanghai-listed, mushroom-focused food company. The new round of financing will be used in ramping up its research and development, as well as construction of its new production plant…

Image courtesy of Vesta Food Lab