Browsing tag

sustainable food solutions

Asian Investors Back Mushlabs In US$10M Round To Scale-Up Mushroom-Based Alt Protein

3 Mins Read Biotech startup Mushlabs has recently raised US$10 million in a Series A funding round for its mushroom-fermentation technology. The financing round was led by Singapore’s VisVires New Protein and Switzerland’s Redalpine, with participation from existing investors including Hong Kong-based Happiness Capital.  Germany-based startup Mushlabs, who was part of ProVeg Incubator, has secured a US$10 million […]

GFI Launches New Data Navigation Tool To Support Alt Seafood Innovation

2 Mins Read Good Food Institute’s (GFI) has recently launched PISCES, a new data navigation tool that aims to serve as a one-stop resource for researchers and food tech startups pursuing plant-based and cultivated seafood alternatives. It is created by the GFI’s Sustainable Seafood Initiative (SSI), an initiative to accelerate innovation and commercialisation of sustainable, ethical, safe and […]

Eat JUST Eyes IPO & Looks To Achieve Operational Profitability

3 Mins Read Eat JUST, the food tech behind the famous plant-based egg, has recently alluded to launching an IPO once it reaches profitability, which the company is aiming for by the end of 2021. In a recent interview, the brand’s co-founder and CEO Josh Tetrick said that “eventually going public made the most sense,” and added that […]

Plant-Based Food Tech Kuleana Is Making All Your Favourite Sushi Fish-Free

3 Mins Read San Francisco-based food tech Kuleana is developing sushi-grade plant-based fish alternatives, from bluefin tuna to salmon. Seeing a gap in the market when it comes to next-level substitutes of cuts of raw fish, the startup coming from Y Combinator’s summer cohort hopes that its vegan-friendly seafood analogues can help disrupt the traditional seafood industry and […]

Hong Kong & Asian Investors Jump On First Lever VC Asia Alt Protein Fund

3 Mins Read Hong Kong and New York-based alternative protein venture capital fund Lever VC has announced the first close of its Fund I, which is dedicated to investing in early stage plant-based and cell-based protein food tech. Of the US$23 million in committed capital, around 70% came from Hong Kong and Asian family offices, signalling that investors […]

Hong Kong Consumers Can Now Buy Impossible Foods To Cook At Home

3 Mins Read Impossible Foods, the Silicon Valley-based food tech famous for its plant-based “bleeding” burgers, has just launched a new initiative in Hong Kong to allow its restaurant partners to resell its plant-based meat to consumers. It comes amid the city’s third wave of coronavirus infections, which has led to weeks of dine-in restrictions, and marks the […]

5 Signs That Japan’s Vegan Food Scene Is Having A Moment

3 Mins Read While the plant-based trend seems to have experienced a slower uptick in Japan, it looks like it’s now hitting the country in a major way. From vegan bakeries serving up dairy-free Japanese-style milk buns to 100% plant-based burger joints and an all-vegan konbini setting up shop, there’s no doubt that the movement is heating up […]

Beyond Meat Rolls Out Across ‘Cult Favourite’ U.S. Convenience Chain Wawa

3 Mins Read Beyond Meat is expanding yet again, this time with popular U.S. convenience chain Wawa. The chain has launched a new plant-based breakfast sandwich made with Beyond Meat’s vegan sausage analogue across all 650 stores in the Mid-Atlantic states, with expansions into more Wawa locations planned for the next few weeks.  Wawa started selling a vegetarian-friendly […]

Impossible Foods Raises US$ 200M Series G To Accelerate Scale-Up

3 Mins Read Adding to its impressive funding war chest, Impossible Foods, the Redwood City, California-based foodtech startup and maker of the now world famous plant-based Impossible burger patty, has announced today that it has secured another US$200 million investment from NYC-based hedge fund Coatue Management LLC. The sizeable injection brings Impossible’s total funds raised to almost US$ […]

Eat JUST Has Sold The Plant-Based Equivalent Of 50 Million Eggs

3 Mins Read Eat JUST, the food tech behind the famous plant-based egg known simply as JUST, has just announced that as of August this year, it has sold the equivalent of more than 50 million eggs. The brand’s vegan eggs are made from mung beans, and comes with a far smaller environmental footprint than conventional animal protein […]

6 Ways KFC Became The Fast Food Giant That Embraced Alt Protein

3 Mins Read From dishing out plant-based chicken nuggets to participating in a 100% meat-free week movement, KFC is quickly making a name for itself as the restaurant chain that is embracing alternative proteins. As consumer demand for more sustainable, safer and healthier options grows, the fast food giant is taking the lead to ignite much needed change […]

Omnipork: Shanghai Wonton Chain Launches Plant-Based Dumplings At 500 Locations

3 Mins Read August 12 2020 Update: The Omnipork Shanghai launch has been so successful, with some branches reportedly selling out the first week that Gll Wonton has announced they will go ahead with a China nationwide launch of the plant-based menu items. Gll Wonton (吉祥馄饨), a Shanghainese wonton and noodle chain, has partnered with Green Monday to […]

What If We All Go Beyond (Meat)? Food Tech’s First TV Ad Stars Octavia Spencer Imagining A Slaughter-Free Future

3 Mins Read Beyond Meat recently broadcasted its first-ever TV commercial starring Oscar-winning actress Octavia Spencer. Aired on Spectrum Sportsnet during the Lakers vs. Jazz game, the Hidden Figures actress asked viewers “what if?” and also featured a cameo from NFL player Todd Gurley. For the food tech giant, the point of the advert was to prove that […]

Nigeria’s First Plant-Based Company VeggieVictory Attracts Angel Investment

3 Mins Read Nigeria’s first plant-based food tech VeggieVictory has attracted international investment from a number of veterans in the vegan industry. Now, the vegan company has set its sights on expanding into more African countries and leading the plant-based movement in the continent through its alternative protein products.  Founded in 2013 by Bola Adeyanju and Hakeem Jimo, […]

Nestlé: Plant-Based Sales Grow 40% Since January While Other Categories Decline

3 Mins Read Swiss food giant Nestlé has revealed that its plant-based sales have grown 40% in the past half-year amid the coronavirus crisis, which has sent consumers opting for meatless groceries more than ever before. Earlier this year, the conglomerate ramped up its plant-based innovation in response to rising consumer demand.  In its half-year report, Nestlé says […]

3D Printed Animal-Free Steak To Hit Israeli Restaurants This Year

3 Mins Read Israeli food tech Redefine Meat has announced that it will soon be testing its 3D printed animal-free “Alt-Steak” at selected upscale restaurants later this year. Redefine Meat says that its patent-pending technology has enabled them to recreate the texture, appearance and flavour of a cut of beef steak at scale.  Last month, Redefine Meat unveiled […]