This is the web version of our newsletter. Sign up today to get updates on the rapidly changing nature of the food tech industry. Of the three pillars of alternative protein, plant-based is getting the most mainstream attention and cultivated meat is the currernt darling of VC investors. But fermentation may be the most practical in terms…
If you feel like you’ve fallen behind in the fast-paced world of food tech, you’ve come to the right place. In this week’s Food Tech News roundup, we have stories on Feeding America’s new online platform, Costco’s partnership with Uber, a snack brand’s $10 million funding round, and one of the first companies to receive…
When I think of chicken nuggets, I think of my young son. More specifically, I remember how at one point I surreptitiously replaced his animal-based chicken nuggets and tenders with plant-based ones… and he didn’t notice (or didn’t care). That small bit of deception is why I think the plant-based chicken nugget market could be…
Nature’s Fynd, which makes protein from microbes that originated in geothermal springs of Yellowstone National Park, announced today that it has raised a $350 million Series C round of funding. The round was led by SoftBank’s Vision Fund 2, with participcation from new investors including Blackstone Strategic Partners, Balyasny Asset Management, Hillhouse Investment, EDBI, SK…
✴︎
FreshRealm, a prepared fresh meals company based in Ventura, California, announced this week that it has raised $32 million. The institutional investors were not disclosed, and this brings the company’s total funding to $46.6 million. This most recent round of funding will be used to expand FreshRealm’s production facilities, with the goal of opening additional…
Anyone familiar with the story of Silicon Valley knows just how fundamental the university system was in creating the center of the technology universe. Colleges and universities have long served as launch pads for the world’s biggest tech companies, from the education of integrated circuit founding fathers William Shockely and Robert Noyce (at Caltech and…
✴︎
Nonprofit XPRIZE has announced 28 semifinalists teams that will move forward in the Feed the Next Billion competition. The multi-year competition will support companies developing compelling chicken and fish alternatives that replicate or outperform the real thing in terms of nutrition, environmental sustainability, animal welfare, and taste and texture. The competition, first announced at the…
✴︎
This is the web version of our weekly Future Food newsletter. Subscribe today to get all the best news about plant-based, cultured and fermented food in your inbox every week. Not to brag, but I make a mean Impossible burger. The trick is frying it on an electric griddle in butter to get a nice…
Eat Just is reportedly targeting Q4 2021 or early 2022 for its IPO, which currently has a valuation of $3 billion, according to an Eat Just investor. Forbes was first to break the news after one of its contributors spoke to an anonymous investor in the company. To date, Eat Just has raised $440 million,…
✴︎
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…
If you’re like me and love the umami savoriness of meat and seafoods, I’ve got some good news for you: plant-based ingredient engineering unicorn Motif just announced they’ve added the ability to create umami to their toolbox of technologies for plant-based food. According to this week’s release, Motif’s latest protein “provides the rich umami flavor…
✴︎
Israel-based Equinom announced today it has raised a $20 million Series C funding round led by Phoenix. The round also included participation from Fortissimo, Trendlines, Maverick, and BASF, and brings Equinom’s total funding to $27.6 million. Equinom uses AI to improve upon the existing nutrition of seeds, including a seed’s protein content. Through its natural…