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Australia’s ProForm Foods Set For Global Expansion After Securing Investment From Harvest Road

3 Mins Read Harvest Road has invested a rumoured $5 million in return for a minority stake in ProForm Foods. The Agri-food enterprise has been increasing its portfolio of sustainable protein interests throughout 2021. Global demand for plant-based products inspired the investment into ProForm Foods. An Australian plant-based protein success story, ProForm Foods has been expanding over the […]

Provectus Algae Scoops $11.4 Million In Pre-Series A Funding To Scale Biomanufacturing Platform

3 Mins Read Australian startup Provectus Algae has secured funding to commercialise its high-value marine ingredients. The pre-Series A round was led by Hitachi Ventures and Vectr Ventures. Supplementary support came from Possible Ventures, Acequia Capital, amongst others. Previous seed funding totalled $3.25 million, also led by Vectr. New funds will be used to complete a larger production […]

Australia’s WOA, the ‘World’s Lowest Carbon Milk’, Raises $20 Million

3 Mins Read Australia’s Wide Open Agriculture (WOA) announced it has raised $20 million to support a move to domestic plant-based production for its low carbon oat milk. Funding was raised through share purchases, both institutional and individual, and will be used to construct a new manufacturing facility focussed on oat milk. Additional funds will be diverted to […]

Vegan Mushroom Meat Startup Bags AUD 6.5M Seed Round For US Launch

3 Mins Read Australian mushroom meat startup Fable Food Co has announced an AU$6.5 million (US$4.8 million) seed funding round led by Australian VC Blackbird Ventures, who famously backed no-code design sensation Canva as well as alt protein pioneers Sunfed Meats (plant-based chicken) and Vow (cell-based exotic meats). The young company, which was founded in 2019, has ambitious […]

Australian Vegan Meat Leader v2food Eyes Asian Expansion After $54M Series B

4 Mins Read Australian plant-based food tech v2food will now accelerate its global expansion, after closing AU$72 million (US$54 million) in a Series B Plus round. The round, led by European VC Astanor Ventures, attracted a number of Asian investors, as the company gears up to enter the lucrative mainland Chinese market.  Sydney-based v2food has announced today (August […]