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3 Mins Read Jellatech, the North Carolina-based startup dedicated to developing animal-free collagen and gelatin ingredients, has announced the closing of a US$2 million pre-seed round. The new funds, which come ahead of the launch of its first cell-based ingredient samples, will fuel the company’s continued development of its animal-free products for the F&B, skincare and medical industries. […]
4 Mins Read Wisconsin-based Cultured Decadence cellular agriculture food tech has bagged US$1.6 million in an oversubscribed pre-seed funding round as well as the first-ever state funding in the industry to bring cell-cultured seafood to market. Currently, the startup stands as the first and only North American firm focused on developing cell-based lobster and shellfish directly from fish […]
3 Mins Read Atlast Food Co., the food tech behind the plant-based mycelium bacon alternative, has closed US$40 million in its Series A financing round to expand its whole cut plant-based meat platform. The round, which saw participation from leading alternative protein investors as well as the leaders of multiple CPG giants, will also go towards building the […]
4 Mins Read The cast that allows cells to grow around in cellular agriculture, scaffold materials, is one of the most costly components when it comes to developing cultured foods. But the answer could lie in the humble spinach leaf, which has proven to be an affordable edible scaffold to grow cell-based meat, new research has found. Led […]
3 Mins Read Finnish startup Solar Foods has announced a €10 million (~US$11.9 million) in fresh capital from the Finnish Climate Fund, becoming the state-owned sustainability-focused fund’s first investment. The new loan will enable Solar Foods to kickstart commercial-scale production of Solein, its proprietary protein made from air, with its industrial facility in Finland set to fully operational […]
3 Mins Read Plant-based food tech giant Impossible Foods is said to be in discussions for a public listing that could value the company at US$10 billion or more, according to an exclusive Reuters report. The listing is reportedly taking place within the next twelve months through a SPAC merger deal, a popular vehicle for a number of […]
3 Mins Read Mission Barns, the Silicon Valley food tech cultivating animal fat, has raised US$24 million in a Series A funding round. The fresh capital will fuel its scale up plans and go towards building its Bay Area-based pilot manufacturing facility, with the view to commercialise its cell-based animal fat technology for applications in plant-based alternative proteins. […]
5 Mins Read Plant-based food retail sales in the U.S. grew double-digits to reach US$7 billion in 2020, outpacing sales of its animal counterparts for the third year in a row, according to new data. The statistics, released by the Plant Based Foods Association (PBFA) and the Good Food Institute (GFI), also showed that much of the increase […]
3 Mins Read Dutch family business and plant-based producer Schouten Europe recently debuted its plant-based chicken and beef to provide sustainable and healthy alternatives to the conventional meats that the company says brutally exploit animals and leave a high carbon footprint on the environment. Since the 1990s, Schouten has been working on developing plant-based proteins and supplies its […]
3 Mins Read Back in January, food tech New Wave Foods, a company disrupting the seafood market with its plant-based shellfish products, closed a US$18 million Series A round in order to help unveil its animal-free shrimp to consumers and this week, the company celebrates a major milestone: the nationwide launched of its flagship product via foodservice channels […]
4 Mins Read Deliciou has raised seed funding to continue expanding global distribution of its line of shelf-stable plant-based meat alternatives to Europe, the U.S. and Asia. The round, which makes Deliciou the first Australia-based startup to join U.S. alternative protein venture capital Stray Dog Capital’s portfolio, will also allow Deliciou to ramp up R&D to grow its […]
3 Mins Read Livekindly Collective has raised US$335 million in its latest financing round, making the company one of the top three highest-funded plant-based firms globally. The new proceeds will go towards the company’s plant-based acquisitions and investments, as well as its global expansion plans, with the U.S. and Chinese markets as its key targets. Plant-based food group […]
6 Mins Read With advancements in technological innovation and full regulatory support, alternative proteins could take up as much as 22% of the entire global protein market by 2035, a new report reveals. While this “best-case scenario” will require all three pillars in the sector – plant-based, cell-based and fermentation – to reach price parity, researchers’ conservative estimates […]
4 Mins Read U.K.-based movement Veganuary’s co-founder Mathew Glover unveiled a new vegan fried chicken brand called VFC. Today, a mere 3 months after its launch, the company is in the news again thanks to a GBP£2.5M (approx. US$3.4M) round of seed funding that will help scale the firm’s production of plant-based chicken. Joining forces with famed chef and restaurateur […]
4 Mins Read Orbillion Bio has become the latest startup to join the Y Combinator, becoming the prestigious accelerator’s first cell-cultured red meat investment. The female-founded food tech is laser-focused on developing slaughter-free and sustainable alternatives to premium “heritage” meat species – think elk, lamb and wagyu beef. California-based Orbillion Bio will be joining the upcoming Winter ‘21 […]
3 Mins Read Meatable, the Dutch cultivated meat startup, has raised US$47 million in its Series A financing round. The funds will be geared towards expanding its current product portfolio, adding cell-based beef after having showcased its cultivated pork last year. Meatable says the capital will also help the firm advance production using its proprietary cost-effective and scalable […]
4 Mins Read Singapore-based startup Next Gen Foods has officially launched its plant-based chicken brand Tindle, debuting at 11 restaurants across the city. The foodservice roll out will include establishments run by Michelin-starred chefs, with dishes inspired from cuisines all over the world, from Mediterranean to Japanese, as well as American-style food truck takeout classics. Next Gen Foods […]
3 Mins Read A consensus is building around the term “cell-cultured” as the best description of seafood grown directly from cells in a lab, in comments published by the U.S. Food and Drug Administration (FDA). The document contains feedback and discussion about regulations to label cell-based seafood from industry stakeholders, including food tech players such as BlueNalu, Memphis […]
3 Mins Read Nabati Foods, a Canadian plant-based food tech, has announced that it has raised CA$7.7 million (approx. US$6.2 million) in a private placement financing. The funds will be used to expand the brand’s range, launch into international markets and fuel its go-public plans after a record year of sales driven by mainstream demand for plant-based offerings. […]
3 Mins Read A newly launched interactive tool will help students and those looking to switch careers to “break into” the field of cellular agriculture. Designed to drive talent into the emerging industry, the Pathways tool outlines the areas where innovation and research is needed, and matches these to related tertiary qualifications in Australia. Developed by Cellular Agriculture […]
4 Mins Read Australia’s plant-based meat industry thrived despite the economic downturn amid the pandemic, according to data published in a new report from regional alternative protein think tank Food Frontier. From surging retail sales to impressive three-digit growth rates observed in manufacturing revenues and job numbers, the report details the “exponential” rise of the sector and the […]