Bezos-backed NotCo receives funding from Enlightened Hospitality Investments


FILE PHOTO: Jeff Bezos, president and CEO of Amazon and owner of The Washington Post, speaks at the Economic Club of Washington DC's "Milestone Celebration Dinner" in Washington, U.S., September 13, 2018. REUTERS/Joshua Roberts/File Photo

(Reuters) - Amazon.com Inc founder Jeff Bezos-backed NotCo has received an investment from Enlightened Hospitality Investments (EHI) and expects to hit $1 billion valuation by the end of the year, the plant-based food tech firm said on Wednesday.

The company did not disclose how much it raised in the latest round but said the total funding is now $130 million.

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