Funding News

Described as the “Fortune 500 of agrifood tech”, food tech consultancy Forward Fooding has released its 2023 FoodTech 500 list, with the highest number of companies belonging to the plant-based sector. Other alternative protein startups…
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Food tech community FoodHack and ingredient and fragrance giant Givaudan have teamed up to launch a FoodTech World Cup, a global competition aimed at finding disruptive technologies and consumer concepts. With investment in the agrifood…
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Since world leaders signed the landmark Paris Agreement in 2015, banks and financial institutions have credited livestock producers with $615B to increase meat and dairy production, according to a new study. It's not just public funding…
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Parisian plant-based whole-cut meat producer Umiami has opened a commercial-scale facility in the Alsace region, backed by financing from the French government, the Grand Est area, as well as the EU. It plans to launch its chicken fillet…
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Australian hyper-fermentation company Cauldron Ferm has secured AU$9.5M ($6.25M) in Series A funding to build a large-scale facility to manufacture high-value ingredients through precision fermentation. A year after closing a large…
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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 a new vegan nail brand by Nicki Minaj, cocoa-free easter eggs, and…
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Californian B2B cultivated meat producer Orbillion Bio has secured additional funding to scale up production and develop its biotech platform, which completed a 200-litre production run in September. The latest round of funding takes…
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The global agrifood tech financial landscape remains difficult, with funding in the sector down by 49.2% from 2022-23, reaching $15.6B – the lowest it has been in six years – according to a new report by AgFunder. A lot has been written…
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The Bezos Earth Fund has earmarked $60M to establish the Centers for Sustainable Protein, which will target tech barriers to reduce production costs, enhance taste profiles, and improve the nutritional benefits of alternative proteins. …
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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 nutrition wins for plant-based meat, a ton of alt-dairy announcements,…
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The state of Illinois has committed $680M to the iFAB Tech Hub, which works on precision fermentation crops like soy and corn, to advance the region's biomanufacturing capabilities. The Illinois Fermentation and Agriculture…
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Californian plant-based meat producer Umaro Foods has secured $3.8M in a seed funding round to help it reduce production costs and launch its seaweed bacon into retail. The financing round was led by existing investor AgFunder, with…
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Beyond Meat enjoyed a bit of a small rally recently, especially after its latest earnings call. However, there has been a lot of negative discussion about Beyond Meat and its stock price over the past year, which indeed continues to…
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Swiss startup Cultivated Biosciences has secured $5M in seed funding to scale up the development of its yeast-derived fermented cream, in preparation for a 2025 launch in the US. The financing round – which brings total funding to $6.5M…
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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 Craig's Vegan's link-up with TikToker Tinx, a host of alternative…
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In what would be a major step towards the regulatory approval and commercialisation of cultivated meat, the UK is aiming to begin safety testing by this autumn, with the Food Standards Agency hoping to win government funding for the lab…
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Catalan plant-based meat company Heura has announced its year-on-year sales grew by 22% last year, thanks to increased distribution deals across Europe. The business now aims to be profitable by 2025. Weeks after closing a €40M ($43M)…
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Better Bite Ventures has opened up applications for the latest funding round of its First Bite scheme, which offers early-stage investments to food tech startups in the Asia-Pacific region. The new round will focus on crops that most…
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California's Eat Just has reached a significant milestone, with its plant-based Just Egg completing sales equivalent to 500 million chicken eggs. The development comes weeks after the startup, which owns 99% of the vegan egg market,…
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Plant-based giant Beyond Meat witnessed an 18% decrease in annual net revenue in 2023. Despite posting losses in Q4 too, its sales were better than expected, sending the company's shares soaring and signalling a turnaround in fortunes for…
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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 Oato's oat milk launch in retail, Maple Leaf Foods' consolidation, and a…
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