Funding News

After taking measures to turn its losses around, Oatly's quarterly losses have narrowed by 39% from the previous year, and revenue swelled by 1.8% in a performance exceeding analysts' expectations. A strategic reset in China, expanded…
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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 Vow's Tippling Club collab, US bans on cultivated meat, and a climate…
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Impossible Foods is considering a "liquidity event" that could see the plant-based meat giant raise more capital, go public or even be sold to another company in the next few years. As plant-based meat fights back after a difficult…
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Amid investor pressure, sales declines and negative media coverage, the alternative protein sector is navigating a "correction phase", but there is cause for optimism, according to ProVeg International. We've all seen the headlines.…
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The Bezos Earth Fund has announced an AI for Climate and Nature Grand Challenge, promising up to $100M in grants for solutions leveraging artificial intelligence – and alternative proteins are one of its key focus areas. In what is…
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Australian food tech company Eighth Day Foods is in the process of finding buyers for its fermentation technology and the business itself, with the aim to focus on scaling up as part of a mature multinational company. Eighth Day Foods,…
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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 Beyond Meat's new product rollout, a new precision-fermented dairy fat,…
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An ESG leader and one of the world's largest CPG companies, Unilever is pushing back its climate and social pledges amid increased pressure to focus on financial goals above everything else. Unilever is either abandoning or watering…
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A new report documents the banking industry’s investments in the meat and dairy industry and its climate pollution. Three of the largest banks in the United States are also some of industrial agriculture’s biggest funders, according to…
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Alternative protein think tank the Good Food Institute has released its annual State of the Industry series of reports, covering plant-based, cultivated and fermentation-derived proteins. Here are the key takeaways. Political resistance…
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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 Macalat's mycelium-derived vegan chocolate, a blended meatloaf launch,…
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Californian precision fermentation pioneer Perfect Day has been sued for $134M by its Italian manufacturing partner Olon for breach of contract, fraudulent inducement, and fraudulent concealment. A leader in the precision-fermented…
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Dutch cultivated meat pioneer Mosa Meat has raised €40M ($42.4M) in a new funding round to support the "next phase" of the company's growth, with a public tasting of its burger imminent ahead of its launch in Singapore. The company that…
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UK oat milk brand Minor Figures saw losses grow to nearly £10M last year, citing inflationary pressures and a downturn in the Asia-Pacific market – but its overall revenues jumped to £31.8M, and the company is now on the path to becoming…
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Amid a backdrop of a fall in food tech investments globally, Europe also suffered a decline – but the number of financing deals went up, with food science and agtech funding on the rise, according to DigitalFoodLab's 2024 State of European…
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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 Pamela Anderson's new vegan cookbook, OMNI's call for cat taste-testers…
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Swedish food tech startup Ironic Biotech has raised €1M in pre-seed funding to accelerate the development of its plant-derived heme iron ingredient, which is produced via precision fermentation. The funding round was led by…
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Despite net-zero plans, banks in the US are fuelling the expansion of industrial livestock production by financing corporations whose emissions are higher than all of Japan, according to new research. A total of 58 US banks provided…
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One of Asia-Pacific's foremost plant-based meat companies, New Zealand-based Sunfed Meats, is shutting down after facing supply chain pressure, high costs, and a loss of faith from its investors. A week after it emerged that investors…
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The World Bank's private sector arm is facing calls from climate and animal rights campaigners to phase out its financial support to industrial livestock farming. Friends of the Earth, Compassion in World Farming and other climate and…
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A majority of the EU's farmer subsidies through the Common Agriculture Policy go to animal agriculture, which accounts for 84% of the bloc's food emissions, undermining its climate goals for 2050. The EU aims to make Europe the first…
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