Category: Announcements
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Ontario, Canada-based Entomo Farms, a startup that produces cricket protein products, announced this week that it has raised $3.7M CAD (~$2.89M USD). The funding round was lead by undisclosed investors from Canada and Asia. This new capital follows and undisclosed Series A funding round lead by Maple Leaf Foods in 2018. This new funding will…
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The plant-based egg space is rapidly expanding, with the category growing 228 percent in the past two years. Eat JUST is one of the biggest names in this category, but other plant-based egg companies have begun making a name for themselves. California-based Peggs is one of the more recent companies to join this space, and…
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Swedish-based Sproud, producers of pea protein milk, recently announced that it has raised £4.8 million (approximately $6.6 million USD) for the production of its pea protein milk (news from Dairy Reporter). The funding was led by UK-based early growth capital investor VGC Partners. The funding will be used for brand building in core markets, increasing…
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Welcome to the weekend, and the weekly Food Tech News round-up. This week, we gathered news regarding GROW’s 2021 food and ag-tech cohort, the US Plastic Pact’s goals, Sonic’s international expansion, and Kind Healthy Snack’s free dietician program. GROW Impact Accelerator accepting applications for 2021 Impact Accelerator Program GROW is a Singapore-based agriculture and food…
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Redefine Meat, producers of 3D-printed meat made from plant ingredients, announced this week its new partnership with Israeli meat distributor, Best Meister. This new partnership will enable Redefine Meats to distribute its 3D-printed meat products throughout Israel. Additionally, the two companies hosted a tasting through a food truck in a small town outside of Tel-Aviv,…
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The Spanish government granted BioTech Foods €5.2 million ($6.3 million USD) this week for the company’s cultured meat project. The project will investigate the health benefits of cultured meat, and determine if cultured meat lacks the common health concerns associated with animal meat, such as increasing the risk of high cholesterol and certain cancers. Like…
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San Diego-based BlueNalu, a startup building technology to make cell-based seafood, announced today that it has raised $60 million in convertible note financing from new and existing investors. Rage Capital led this round of financing, with other participants including Agronomics, Lewis & Clark AgriFood, McWin, KBW Ventures, and Siddhi Capital. This most recent round of…
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Welcome to this week’s Food Tech News round-up! This week, news that caught our attention included Muniq’s recent funding round, Danone’s new plant-based cheese, Torchy Taco’s new contactless services, and Zero Egg’s restaurant debut. Muniq raises $8.2 million for blood sugar regulating protein powder Muniq, a protein powder created specifically for blood sugar control and…
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I remember at some point last year after the pandemic had started, I called three different grocery stores to check if they had yeast in stock. Of course, I had no luck at any location because our country had entered a baking extravaganza; ovens were fired up non-stop across the country to bake sourdough, banana…
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KFC announced today the launch of its new plant-based burger, called the Zero Chicken Burger, in restaurants throughout Singapore (h/t VegNews). The new menu item is now available in 80 different KFC locations within the city-state for a limited time. The Zero Chicken Burger is meat-free, but not fully vegan, making it more suitable for…
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Welcome to our weekly Food Tech News round-up. This week, we have stories on DeliverZero’s waste-free food delivery, a partnership between N!ck’s Swedish Ice Cream and Perfect Day, changes to Albertson’s delivery fleet, and Daily Harvest’s new product. DeliverZero uses reusable packing for food delivery DeliverZero is a third-party food delivery service (like DoorDash or…
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Nimbus, a commercial kitchen space for food businesses of all types, is set to officially open on January 11 in New York City. With it, the company’s founders, entrepreneurs Camilla Opperman and Samantha Slager, aim to provide a space for restaurants struggling from both the pandemic and high cost of rent in NYC. To learn…
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