Funding News

In our weekly column, we round up the latest news and developments in the alternative protein and sustainable food industry. This week, Future Food Quick Bites covers Sunday Supper's plant-based mozzarella sticks, M&S's new vegan…
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Cocoa-free chocolate maker Foreverland has raised €3.4M ($3.76M) in a seed funding round to open its first production facility for its carob-based Choruba alternative. Puglia-based startup Foreverland has got investors' tastebuds…
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Are corporate climate actions on par with their emissions targets and disclosures? A new report explores this very question. Food companies are making some progress on reducing their greenhouse gas footprints, but they’re slow to…
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German meat analogue maker The Raging Pig Company has closed a seed funding round ahead of its move into mycelium protein. As it gears up to enter the mycelium market, vegan pork startup The Raging Pig Company has secured an undisclosed…
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Estonian startup Äio has closed a €6.1M ($6.8M) funding round to build a facility for its fermentation-derived alternatives to palm oil and animal fats. Transforming agricultural and woodworking waste into oils to replace planet-harming…
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Marlow Foods, the parent company of Quorn and Cauldron Foods, saw pre-tax losses surpass £60M in 2023, four times higher than the year before. As the wider meat analogue category struggles, the company behind the UK's leading meat-free…
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US startup Helaina has closed a $45M Series B round to commercialise Effera Human Lactoferrin, its breast milk equivalent protein, in the US later this year. Helaina, the New York-based firm making breast milk alternatives with…
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In our weekly column, we round up the latest news and developments in the alternative protein and sustainable food industry. This week, Future Food Quick Bites covers Upside Foods' tasting event at a taqueria, Japan Airlines' sweet protein…
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UK seaweed packaging startup Notpla has closed a £20M ($26.8M) Series A extension to expand to the US and replace 100 million single-use plastic items by 2026. Notpla, the London-based maker of sustainable packaging, has snapped up £20M…
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Investing in a plant-based food system offers much greater emissions cuts per dollar than renewable energy or electric vehicles, shows a new report. If governments and investors put the same amount of money into plant-based food as they…
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New York-based Ecovative has secured $28M in a growth equity round to expand its mycelium-based MyBacon product and introduce new sustainable leather materials. To advance its food and fashion innovations, US mycelium startup Ecovative…
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Since 2022, environmentally harmful subsidies from governments have risen by roughly $800B, now accounting for 2.5% of the world's GDP each year. Despite pledging to repurpose at least $500B of planet-harming subsidies a year by 2030,…
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In our weekly column, we round up the latest news and developments in the alternative protein and sustainable food industry. This week, Future Food Quick Bites covers Alpro's new flavoured barista milk, vegan footwear wins, and Violife's…
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In New Zealand, the government has poured NZ$9.6M ($5.95M) into a five-year programme to develop cultivated fish products. A five-year, government-backed scheme is aiming to develop new fish cell production systems for cultivated…
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Swiss food manufacturer Hero Group has taken over vegan healthy eating brand Deliciously Ella, with owners Ella and Matthew Mills remaining at the company. Deliciously Ella, the UK-based pioneer of vegan snacking, has been acquired by…
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American comedian Kevin Hart's plant-based restaurant chain Hart House suddenly closed all its locations last week. Hart House, the Californian vegan fast-food eatery by comedian Kevin Hart, unexpectedly shut the doors of all its four…
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French precision fermentation startup Standing Ovation has raised €3.75M in a Series A extension and appointed a new CEO to begin selling its Advanced Casein next year. Parisian food tech startup Standing Ovation is gearing up for the…
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Danish meat analogue startup Matr Foods has received €20M in debt funding from the European Investment Bank to open a large-scale mycelium meat facility. Mycelium meat maker Matr Foods has received a €20M loan from the EU's lending arm…
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Activism groups are calling for a withdrawal of financial support for the livestock sector from banks including the Big Three, in light of the industry's contribution to climate change. Banks must stop financing meat and dairy producers…
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Spain's Novameat has attracted €17.4M in a Series A funding round to expand its plant-based meat range based on MicroForce technology, starting with a revamped shredded beef offering. Catalan food tech startup Novameat has received…
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In our weekly column, we round up the latest news and developments in the alternative protein and sustainable food industry. This week, Future Food Quick Bites covers Fry's Family Foods' formable mince, Domino's vegan cheese collaboration…
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