Funding News

A team at Appalachian State University has received a $1.82M grant to develop plant-based milk and dairy products from surplus sweet potatoes grown in North Carolina. Potato milk has come and gone – is it time for the sweet potato now? …
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Japanese dairy major Lacto Japan has made a strategic investment in Leaft Foods, extending a commercial partnership with the Rubisco protein startup. In a bid to fit into consumer interest in better-for-you food solutions, Lacto Japan…
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US startup Ayana Bio and Israeli fermentation specialist Brevel have received $1.25M from a binational fund to scale plant cell culture tech using illuminated fermentation to produce bioactive ingredients. A new partnership aims to…
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Dutch deep-tech startup New Dawn Bio has raised €2.1M ($2.4M) in pre-seed funding for its cell-culture technology to grow deforestation-free wood. Cultivated proteins and fats have entered mainstream conversations, but using cell…
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The Proscale project has received €8.5M in funding, most of it from the EU, to scale up single-cell proteins using food industry waste and continuous fermentation. A new pan-European initiative aims to accelerate the food system's green…
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Protein Industries Canada has invested in a new project to upcycle beer industry waste into high-value ingredients, including sustainable proteins, fibres, and cocoa extenders. Can beer really be the solution to all our (food system)…
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The Bezos Earth Fund has awarded $34M in four grants to develop sustainable, plastic-free textile fibres, including cotton and silk, for the fashion industry. If it's up to Jeff Bezos, your future wardrobe could house fabrics made from…
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German mycelium protein startup Pacifico Biolabs has raised €7M ($8.1M) in Series A funding to scale up and launch its clean-label, cost-effective chicken alternative this year. Pacifico Biolabs, a startup using fermentation to grow…
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Israeli food tech firm Phytolon has secured $23.6M to commercialise its fermentation-derived alternatives to food colours, starting with red dye. The Make America Healthy Again-led war on artificial food dyes is catching investors'…
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Protein Industries Canada is backing a C$15.1M ($10.9M) project to expand production of whole-cut plant-based meat and seafood alternatives for the local market. As Canadians look to increase their plant-based food intake, many remain…
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Indian precision fermentation startup StrainX Bioworks has emerged from stealth with $13M in funding, a large-scale facility, and US GRAS determination for one of its ingredients. Taking a "full-stack" approach to precision…
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Munster Technological University has received €3M ($3.5M) from Ireland's agriculture ministry to develop biorefinery tech that can convert grass and legumes into protein. Can grass be the next protein frontier? It's a question being…
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Vegan seafood maker Oshi has received $3M in investment from a Latin American seafood major and launched a crowdfunding round to build on its fourfold sales increase and launch a whitefish product. Known for its whole-cut fish-free…
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The state of Michigan has approved a grant for Fenton Food and Beverage, a new company by the owner of Ya Ya Foods, to build a $56.2M plant-based milk factory. Michigan will be home to North America's first manufacturing facility to use…
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US startup Brami has raised $33M in Series B funding to expand its plant-based protein pasta portfolio and bring the range to more stores nationwide. Two ingredients, high in protein and fibre, and centred around beans – those are the…
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South Korean food tech startup Soyft Biome has received fresh financing to expand the reach of its plant-based products, which are derived from fermented soybean waste. Turning plant-based waste into non-dairy products, South Korea's…
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Food tech startup California Cultured and UC Davis have partnered on a project to reduce the production costs of cell-based chocolate, backed by $2.8M in US government funding. Months after obtaining clearance to sell its cell-based…
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US precision fermentation startup Melazyme, founded by two former Perfect Day executives, has raised $2M in seed funding to advance its melanin and sweet protein platform. Melazyme, a startup using precision fermentation to develop…
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Cultivated meat startup SuperMeat has raised $6M in fresh financing, as part of a targeted $10M Series A4 round, and filed for regulatory approval in Switzerland. Six months after securing $3.5M in funding, Israeli food tech startup…
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UK startup Adamo Foods has won a €10M ($11.7M) grant from the EU's Horizon Europe programme for a project to use industry sidestreams to scale up and launch its whole-cut mycelium meat. The EU is backing a three-year project to convert…
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UK startup Meatly has raised £10M ($14.1M) to establish Europe's largest cultivated meat facility in London, with pet food product launches slated for 2027. British food tech firm Meatly has secured £10M ($14.1M) in Series A funding to…
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