Browsing tag
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 Chef Reina, the plant-based Filipino food concept headed by Filipina-American vegan chef and restaurateur Reina Montenegro, will be among one of eight restaurants in the U.S. to debut OmniPork products for the first time in the country. Partnering with Green Monday, the Hong Kong-based group behind the 100% vegan pork analogues, Chef Reina will be […]
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 […]
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 […]
3 Mins Read Pulmuone, a South Korean food corporation best known for soybean products, has announced the launch of a new plant-based meat line, marking its first entry into the category. The company plans to introduce more than 20 types of plant-based products, from soy-based meat mince and chicken tenders to vegan meal kits and coconut-based yogurt. Seoul-based […]
3 Mins Read In collaboration with Hong Kong-based Green Monday’s food tech arm OmniFoods, the Royal China Club in London has launched a brand new standalone plant-based menu. Featuring the startup’s range of OmniPork plant-based analogues, the menu showcases vegan versions of classic dim sum and Cantonese dishes, from siu mai to poached chilli dumplings and grilled lotus […]
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 […]
3 Mins Read Viomix Tech, a Seoul-based company who recently entered the plant-based alternative space, has closed its Series A investment to grow its vegan product portfolio and launch in international markets, with the U.S. and Middle East as the first in its global expansion plan. Viomix also plans to double down in its domestic market, where its […]
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 […]
3 Mins Read The Good Food Institute India (GFI India), a nonprofit organization supporting India’s growing alternative protein ecosystem, recently unveiled the first India Good Food Startup Manual in an effort to scale the country’s innovation ecosystem for the alternative protein sector. Back in 2018, at the inaugural Good Food Conference in the U.S., GFI U.S. launched its […]
4 Mins Read ProVeg, the international nonprofit dedicated to building a sustainable food system, recently launched its Southeast Asia Food Innovation Challenge aimed at finding and nurturing university talent in the region to into plant-based innovation. Since opening the contest in January this year, the challenge has drawn in more than 120 new submissions across ten countries in […]
4 Mins Read Berkeley, California-based food tech Prime Roots, whose unique plant-based meat alternatives range uses the Japanese fungus koji as its “super-protein” ingredient, has debuted a new line of vegan-friendly ravioli. The new fresh plant-based meat and seafood pasta will feature its koji-based proteins, including 100% animal-free bacon, chicken, sausage and lobster analogues, with a goal of […]
5 Mins Read Globally, US$3.1 billion was invested into alternative proteins in what was a record year for the industry in 2020, marking a tripling of the figure in 2019. The data, published by the Good Food Institute (GFI), also showed the enormous growth of the sector in Asia-Pacific, with the capital raised in the region increasing more […]
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 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 OmniPork, the vegan pork analogue developed by Hong Kong-based Green Monday’s food tech arm OmniFoods, has secured a listing with the U.K.’s leading plant-based e-commerce player TheVeganKind. It follows the brand’s soft launch into the country earlier this year via foodservice channels and via the e-tailer Longdan Oriental Supermarket, and continuing Green Monday’s international expansion […]
4 Mins Read Slovenian food tech Juicy Marbles has unveiled what it claims is the world’s first 100% plant-based, whole cut filet mignon that bears the fatty marbling found in a real cut of animal-based steak. Developed using their patent-pending “reverse grinder” technology, the startup has been able to recreate the texture, look and taste of filet mignon […]
4 Mins Read In collaboration with other mission-driven food advocates, food blogger Erick Castro has launched ‘Plantega’, a company that installs vegan fridges in Brooklyn bodegsas in order to bring plant-based options to communities where there is a often a lack of healthy food choices. Plantega was founded by Minneapolis-based social change incubator EFFECT Partners, plant-based food blogger […]