Belgian precision fermentation company Paleo has secured €12m in a Series A funding round the company announced today. The round was led by DSM Venturing and Planet A Ventures, alongside Gimv, SFPIM Relaunch, Beyond Impact, and Siddhi Capital. According to the release, the funding will be used to scale up production of myoglobin, a protein…
Last week, it came to light that pioneering vegan cheese entrepreneur Miyoko Schinner had not only parted ways with her namesake company, but that the split between the founder and the company she started had turned acrimonious with Miyoko’s Creamery suing Schinner for stealing company information, including the formulations for some of the brand’s products.…
Today nine companies in the precision fermentation industry have announced they have established the Precision Fermentation Alliance, a new trade organization aimed at promoting precision fermentation as a trusted solution for a more sustainable and resilient food system. The group says it will act as “an industry voice and global convener for the precision fermentation…
Estonian start-up ÄIO has raised €1 million ($1.2 million) to develop alternative oils and fats for the food industry. The biotechnology firm, founded by TalTech bioengineers Petri-Jaan Lahtvee and Nemailla Bonturi last year, aims to replace environmentally depleting oils such as coconut and palm oils with sustainable, full-value alternatives. ÄIO’s edible fats and oils are…
Israel–based start-up Meala FoodTech announced today it has secured $1.9m in pre-seed funding from investors. The company, which is focused on developing functional proteins from what it says will be clean and recognizable ingredients, received funding from The Kitchen FoodTech Hub (part of the Strauss-Group), and DSM Venturing, the corporate venture arm of Royal DSM.…
Czech startup Mewery announced today they have created the world’s first cultivated meat prototype using microalgae according to a release sent to The Spoon. The company says it used a hybrid culture medium with microalgae extracts to create cultivated meat consisting of 75% pork and 25% microalgae cells. Why microalgae? The company says there are…
In business, the daring entrepreneurs zig when others zag. In the world of plant-based alternative proteins, Chris Bryson, CEO and founder of New School Foods, decided to zig his way into a new approach, introducing a new patented freezing process to create whole cuts of salmon. New School Foods, based in Toronto, comes out of…
In this week’s episode, we catch up with Rachel Konrad, a former journalist who spent the last decade-plus working for Tesla, Impossible Foods, and now the Production Board. Rachel joins Mike and Carlos Rodela to talk about her background, the recent controversy surrounding Bloomberg’s article declaring plant-based meat a fad, and how she helped Impossible…
This week was a big one when it came to incubating the next generation of future food. Not only did GFI Israel and Technion announce a new Sustainable Protein Research Center (SPRC), but the city of New York also announced it would build a “bioinnovation hub” with $20 million in new funding earmarked from NYC…
Meati Foods, a producer of plant-based whole-food protein made from mycelium, announced the opening of its largest-yet production facility in Thornton, Colorado. The 100 thousand foot facility, dubbed the “Mega Ranch,” is expected to hit a production rate that could produce tens of millions of pounds of the startup’s fungi-derived meat product by late 2023.…
Pioneers in cellular agriculture came together in Boston last week to discuss the state of the industry – and what it will take to take cell-cultivated products to the next level. Tufts University’s inaugural Cellular Agriculture Innovation Day featured panel discussions with industry leaders, researchers, and other experts. The panelists reflected on how far the…