Category: Biomanufacturing
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Last week, Kingdom Supercultures, a company that assembles new novel combinations of naturally-occurring microbes into a new class of ingredients called supercultures, announced a $25 million funding round. The new funding round comes after a $3.5 million round the company raised in 2020. Unlike many computational biology startups that have emerged in recent years, Kingdom…
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Clara Foods, one of the early pioneers building nature-equivalent proteins using precision fermentation technology, announced today it is rebranding to the EVERY Company and is launching its first animal-free egg product called ClearEgg, an egg protein product targeted at the protein beverage market. The new product, ClearEgg, will be sold through EVERY’s strategic partner Ingredion,…
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Cellular agriculture has given us hope about the future of sustainable meat production, but what about coffee? After all, many of us (this author included) would happily give up that great steak or burger to make sure we get that first cup of coffee in the morning. Well good news, caffeine addicts: A research lab…
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Jack Reid believes that the cell-based meat industry could move a lot faster if it just used manufacturing equipment made for the job. According to the CEO of a new Cambridge-based startup called Unicorn Biotechnologies, companies trying to make meat without the animal today are mostly using large metal vats built for making something other…
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Berlin-based Formo announced today it had raised $50 million in Series A funding. The investment in the maker of animal-free cheese was led by EQT Ventures, with Elevat3 Capital and Lowercarbon Capital. The company, which started out as Legendairy Foods but rebranded earlier this year, says it will use the new cash to build a…
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Future Meat has officially opened what it says is the world’s first production facility for cultured meat. The plant, located in the company’s hometown of Rehovot, Israel, is a big step in accelerating Future Meat’s timeline for getting regulatory approval to sell cultured meat and then actually getting products onto consumers’ plates. Future Meat says…
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Plant-based food tech company Motif FoodWorks has raised a whopping $226 million in Series B funding, according to an announcement sent to The Spoon. The round was co-led by Ontario Teachers’ Pension Plan Board, through its Teachers’ Innovation Platform, and BlackRock. Rethink Food and existing investors also participated in the round. To date, Motif has…
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Change Foods, a startup best known at this point for making animal-free cheese via a fermentation process, has closed an oversubscribed Seed round of $2.1 million. Investors include Plug and Play Ventures, Clear Current Capital, Canaccord Genuity, Better Bite Ventures, Jeff Dean, and GERBER-RAUTH, among others. To date, Change Foods has raised $3.1 million in…
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By “in the future,” he didn’t mean next year. Anyone who keeps an eye on the cultivated meat industry knows there are many, many hurdles to leap before we’re eating cultivated Big Macs. For companies actually making the products and/or accompanying technologies, there’s still much to do around improving growth media, bioprocess design, and many…
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This is the web version of our newsletter. Sign up today to get updates on the rapidly changing nature of the food tech industry. Setting aside scalability, price parity, and regulatory approvals for a moment, one of the major challenges for cultivated meat makers will be getting people to actually buy their products en masse and on…
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Pascual Innoventures, the open innovation arm of Spanish dairy company Calidad Pascual, has launched what it says is the world’s first incubator program for cellular agriculture in the dairy industry. Dubbed Mylkubator, the program will select and work with startups hoping to change the dairy industry through the development of alternative proteins. The program, which…
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Dutch cultured protein company Mosa Meat said over the weekend it has reduced the cost of its fat media by 66 times thanks to the work of a group the company refers to as its Fat Team. Without listing actual price numbers, Mosa Meat said its fat medium now costs 1.52 percent of what it…
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