Category: Biomanufacturing
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More companies, more investments, and many more scientific breakthroughs. Those are just a few predictions for the future of alternative protein the Good Food Institute (GFI) sets out in its latest State of Industry reports. Three different papers — one each on plant-based protein, fermentation, and cultivated protein — go in-depth into the trends that…
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Raleigh, North Carolina-based Solar Biotech has raised a $2 million in a debt-financing round from a single, unnamed investor, according to WRAL Tech Wire, which first broke the news. The funds will go towards scaling up Solar Biotech’s renewable-energy-powered fermentation technology, which it licenses to other companies. That technology consists of what Solar Biotech calls…
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Jellatech, a company making animal-free gelatin and collagen ingredients, announced today it has raised $2 million in pre-seed funding. Green Queen was first to break the news. The round included participation from Big Idea Ventures, Sustainable Food Ventures, Iron Grey, YellowDog, 7 Hound Ventures, Capital V, Sentient Investments and Bluestein Ventures. Raleigh, North Carolina-based Jellatech…
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Wisconsin-based cellular agriculture company Cultured Decadence announced today it has raised $1.6 million in an oversubscribed round of pre-seed funding. Investors include Bluestein Ventures, Joyance Partners, Revolution’s Rise of the Rest Seed Fund, gener8tor, GlassWall Syndicate, Bascom Ventures, and China-based Dao Foods. The company also received non-dilutive funding from the Wisconsin Economic Development Corporation administered…
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Will we ever reach a day when fast food restaurant serve nothing but plant-based or cultured meat? Many hope so, including Josh Tetrick, founder and CEO of Eat Just. But Tetrick’s ambitions for alternative protein stretch far beyond the QSR sector. As of this writing, Eat Just is selling its cultured meat product at a…
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TurtleTree Scientific, the B2B arm of cellular ag company TurtleTree Labs, announced today a new partnership with JSBiosciences to collaborate on the development of cell culture media. The overarching goal of the partnership is to bring down the cost of production for cell-cultured products in order to eventually achieve commercial scale. Singapore-based TurtleTree Labs is…
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Startup accelerator Y Combinator has made its first investment in a cultured meat company with the addition of Orbillion Bio to the Winter 2021 cohort. Prior to joining YC, Orbillion participated in both the Brinc accelerator and Big Idea Ventures NYC program. Orbillion’s focus is on cultivating higher-end meat products such as elk, lamb, and Wagyu…
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This is the web version of our Future Food newsletter. Sign up for the best news and analysis of the alternative protein market. The market for alternative protein, including meat, eggs, dairy, and seafood products, could reach at least $290 billion by 2035, according to a new report from Boston Consulting Group (BCG) and Blue Horizon Corporation…
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Food tech company Eat Just announced today it has closed a $200 million funding round led by Qatar Investment Authority (QIA), which is the sovereign wealth fund of the State of Qatar. Charlesbank Capital Partners and Vulcan Capital also participated in the round, according to a press release sent to The Spoon. Eat Just’s total funding…
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Eat Just, maker of both plant-based eggs and cultured meat, announced a major expansion today that brings its popular JUST Egg product into foodservice formats across Canada. According to a press release sent to The Spoon, that includes distribution at restaurants, hotels, universities, and government and corporate cafeterias. Foodservice businesses in Canada can now order…
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Deep Branch, which calls itself “a carbon dioxide recycling company,” announced today that it has completed a Series A investment round of €8 million (~$9.5 million USD). The round was led by Novo Holdings and DSM Venturing and also included participation from Total Carbon Neutrality Ventures and Barclays Sustainable Impact Capital. The funding will go…
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The United States Food and Drug Administration (FDA) has published comments from key players in the cell-based seafood space around what to actual label the stuff when it is finally cleared for sale to consumers (h/t Food Navigator). Consensus is building around “cell-cultured” as the most effective descriptor. The original call for comments was sent…
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