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4 Mins Read There’s no disputing the industrial dairy complex is problematic, particularly when it comes to fighting the climate crisis. Dairy farms across the world are a major contributor to the total greenhouse gas emissions over the life cycle of milk and other dairy products. We’re profiling four alternative dairy startups from around the world that are […]
4 Mins Read The dairy-free cheese alternative market is huge and it’s growing fast. Analysts expect the global plant-based cheese segment to double from its current US$2.7 billion to over US$4.5 billion by 2025, and with as many as 4 in 10 consumers worldwide now flexitarians, even big food corporations like Bel Brands to Danone jumping to launch […]
4 Mins Read Founded in 2021, Brown Foods claims to have developed “real” whole milk in a laboratory setting. The breakthrough took less than three months for the Boston and India-based startup, which just closed a $2.36 million seed round. Participation has been confirmed from Y Combinator, AgFunder, SRI Capital and Amino Capital, amongst others. A Y Combinator […]
4 Mins Read South Korea’s Armored Fresh, formerly known as Yangyoo, has confirmed a successful pre-Series B raise totalling $23 million. The round was led by previous investor the Korea Development Bank with supporting participation from Hanwha Investment & Securities, Daesung Startup Investment, Collaborative Fund and Sejong Venture partners, amongst others. The funding has been earmarked to support […]
3 Mins Read AAK Foodservice has taken over ForA:Butter, a brand developed by New York-based startup Fora Foods. The flagship product is butter made using aquafaba, which delivers performance that professional bakers look for in their ingredients. The butter has been steadily gaining presence within the foodservice sector, alongside some movement within retail. Formerly dubbed ‘Faba Butter’, ForA:Butter […]
4 Mins Read Bengaluru-based Alt Co. has confirmed a $1 million raise led by undisclosed major investors from Singapore, the Middle East and India. The plant-based brand intends to use the cash injection to increase its size, reach and product portfolio. Chief amongst new product developments is a line of alternative dairy. Plant-based eggs and nutritional supplements have […]
3 Mins Read Alternative dairy startup Bon Vivant has announced a strategic partnership with fellow French operation Abolis Biotechnologies. The latter is a European leader in industrial biotechnology. The two will co-develop production methods for the scaled manufacturing of animal-free dairy proteins created via precision fermentation. News of the partnership comes shortly after Bon Vivant closed a €4 […]
4 Mins Read La Fauxmagerie, Britain’s first vegan cheesemonger has announced it has developed a range for supermarket distribution. The range represents a step back from the more artisanal recipes that the London-based cheese startup offers. Waitrose has been confirmed as the exclusive distribution partner for the new line, which includes ‘Shoreditch Smoked’, ‘Brixton Blue’ and ‘Truffle Camemvert’. […]
4 Mins Read Australian food tech startup Eden Brew has secured $5 million as part of a continuing funding raise. The investment was made by its existing backer Main Sequence, with Mars’ Digitalis Ventures participating for the first time. The cash will be used to scale Eden Brew’s animal-free fermented milk product ahead of diversification into ice cream. […]
4 Mins Read The Wall Street Journal reports that Jean-Christophe Flatin, a soon-to-be-former Mars executive, is being considered the top candidate to replace Oatly’s outgoing CEO Toni Petersson. Flatin is joining Oatly on June 1 as global president but the company has not confirmed any potential future appointments. Petersson is looking to move into a business development role […]
3 Mins Read The Australian Commonwealth Government has named Change Foods as a key partner in a new AUD$164 million Trailblazer Universities Food and Beverage Accelerator led by the University of Queensland and Queensland University of Technology (QUT). Change has confirmed it is receiving a grant of $3.1 million to support an existing research partnership between itself and […]
4 Mins Read Tel Aviv-based precision fermentation startup Imagindairy has confirmed a $15 million seed extension round following its November 2021’s $13 million raise. Funding will be used for accelerated R&D efforts alongside new personnel hires. The total capital represents one of the largest seed rounds in the alternative protein sector to date. The additional round was led […]
4 Mins Read Dutch bean-based plant-based cheese startup Willicroft has closed its pre-seed funding round, securing €2 million. The round was led by PINC and Rockstart with Döhler and Feast Ventures participating. Funding has been raised to support international market entry. The U.K., Germany and Nordic European regions have been specifically earmarked. Certified B Corp Willicroft is an […]
4 Mins Read US-Australian food tech Change Foods has secured a $1 million grant from the Australian Commonwealth Government to create a platform for upcycling sugarcane fibre waste that will be processed to offer a low-cost and accessible feedstock for Change Foods’ precision fermentation dairy products. The sugarcane fibre (bagasse) is plentiful in supply and will ensure the […]
3 Mins Read Vienna’s Fermify, which has created a digital platform that can produce casein proteins via precision fermentation, has concluded a pre-seed undisclosed funding round led by Übermorgen Ventures and Backbone Ventures, with participation noted from Bitburger ventures, Kale United and Push Ventures. Fermify says its technology offers identical or superior performance and nutrition to conventional dairy […]
4 Mins Read Hot on the heels of a $120 million Series B raise in January, Israel’s Remilk has announced ambitious construction plan: the precision fermentation dairy startup will create a full-scale factory on a recently acquired 750,000 square foot plot in Denmark, which would make it it the world’s largest animal-free dairy production facility. No construction deadline […]
3 Mins Read California’s Perfect Day has been confirmed as the winning bidder in an auction for Mumbai-based Sterling Biotech. The reported final figure was Rs 638 crore, with the reserve set as Rs 548.46 crore. Sterling entered into the liquidation process following insolvency and a failure to provide any resolution plan. Proceedings were started in 2018 by […]
4 Mins Read Lyon-based Bon Vivant has announced its intention to bring cow-free dairy protein to the European market. The precision fermentation biotech has recently scooped €4 million to progress its R&D. Alliance for Impact, High Flyers Capital, Kima Ventures, Founders Future, and Picus Capital all participated in the funding round. Bon Vivant hopes to become a B2B […]
4 Mins Read The vegan news never stops! Each week, the Green Queen team dives into the latest developments for plant-based foods around the world so you can catch up on what’s happening across the industry. This week, Latin food gets a plant-based makeover thanks to Ilinel Food Company. Elsewhere, Chipotle got voted most vegan-friendly QSR in the US […]
3 Mins Read As investors pour money into animal-free dairy, Israeli food tech startup Remilk has announced completion of its latest fundraising effort, a Series B round that saw $120 million raised. Hanaco Ventures led the round with Rage Capital, CPT Capital, and Just all joining. Previous investors including Tnuva and Hochland participated again. Remilk has now been […]
3 Mins Read Canadian investment outfit Eat Beyond has announced its intention to acquire Florida-based Banana Wave, a banana flavored oat milk drink company. The acquisition will enable Banana Wave to expand further and will give Eat Beyond a stronger presence in the plant-based sector. Launched in 2013, Banana Wave, with its blend of oats and real bananas, […]