The global food producer is one of the few cashflow positive plant-based companies reporting profit
LIVEKINDLY Collective today announced that it has closed its first series of profitable months since its inception in 2020. The company reported its first profitable month in September, a month that was also the second-best revenue month in the company’s history. The alternative protein category has been undergoing transformation, as brands continue to consolidate globally. By reaching profitability, LKC is positioned strongly to lead the shift to quality and sustainable growth.
“It’s thanks to hard work, dedication, and agility that we can announce becoming profitable and cash generative as, I believe, the first independent plant-based protein company to achieve that milestone. This is demonstrable proof that plant-based protein is the better way to feed the world and the category is here to stay,” said David Suarez, CEO of LIVEKINDLY Collective.
“We have been working extremely hard, in a very dynamic category, and against both micro and macroeconomic headwinds, to get LKC to where it is today: a truly sustainable company on its mission to bring tasty plant-based protein mainstream. We are fortunate to have the backing of our mission-aligned investors, including TPG’s The Rise Funds, who have a track record of backing innovative companies capable of delivering both strong financial performance and substantive impact. We never lost the focus on making LKC the leading player in the industry and attribute our success to the exceptional work of our teams. We’re immensely thankful for their commitment to our mission and to one another,” Suarez continued.
LIVEKINDLY Collective was founded in 2020 by Roger Lienhard and his team at Blue Horizon Corporation based on the belief that plant-based food should be the norm for people, animals, and the planet. Established at the height of the plant-based boom, the company has managed to weather the global pandemic, fluctuations in the category, and shifting consumer trends along the way.
“What started as a dream, has become a reality. I always knew LKC would be successful and have no doubt it will continue to grow across a growing number of plant protein categories,” said Roger Lienhard, Founder.
Since its inception five years ago LKC has acquired multiple plant-based brands, four of which have demonstrated continuous growth and established themselves as trusted propositions in their respective markets: Fry’s in South Africa and Australia, LIKE (successfully rebranded from Like Meat in 2024) in the DACH region, Oumph! in the Nordics and NoMeat in the UK. LKC brands are sold in more than 40 markets across the world.
The company has also invested in modernizing and optimizing three strategically located pure-play factories: in Oss (the Netherlands), Stora Levene (Sweden), and Pinetown (South Africa). Alongside launching the B2B Solutions business nearly two years ago, LKC have expanded production rapidly, with both private-label and branded products. In 2024 alone, the B2B business achieved 48% growth, with a projected increase of 120% in 2025 and up to 200% in 2026.