Category: Foodtech
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Australian startup Nourish Ingredients, which makes plant-based fats, announced today that it has raised $11 million (USD) in initial funding. The round was led by Horizon Ventures and Main Sequence Ventures (a venture firm founded by Australia’s national science agency). Nourish Ingredients has developed a proprietary yeast fermentation process that recreates the molecular structure of…
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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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Indoor ag company Bowery Farming announced today a partnership with Albertsons that will put Bowery’s vertically grown greens into hundreds of grocery stores. From today, Bowery produce is available at an initial 275 Albertsons-owned Safeway and Acme stores in the Northeast and Mid-Atlantic regions of the U.S. To start, Bowery’s most popular products will be…
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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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Alt-protein food tech accelerator Big Idea Ventures (BIV) announced this week that it is now taking applications for its fourth cohort. According to a press release sent to The Spoon, the five-month-long program will take place in three locations this time: New York, Singapore, and Paris. For these accelerators, Big Idea Ventures looks for companies…
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Vertical farming company Eden Green Technology announced this week it has raised $12 million from existing investment partners and broken ground on a new greenhouse in the Dallas-Ft. Worth area. The new farm is located news next to Eden’s R&D center, and will produce about 500 tons of leafy greens annually, the company said in…
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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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Noquo Foods has rebranded itself as Stockeld Dreamery the company announced today, as it prepares to launch its plant-based cheese product in a little over a month from now. The Stockholm, Sweden-based startup’s first product will be a feta-like cheese made from fermented pea protein and fava beans. Stockeld Dreamery cofounder and CEO, Sorosh Takavoli,…
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Anova announced today that it is launching its own line of reusable silicone bags to make sous vide cooking a little less wasteful. The appropriately named Anova Precision Reusable Silicone Bags are BPA free, have an airtight seal, can withstand temperatures from -40 to 446 degrees Fahrenheit and are dishwasher safe. Sous vide cooking is…
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Swedish vertical farming company Grönska announced today it has raised 20.5 million SEK (~$2.4 million). Investors in the round include 82an Invest, PEAS Industries, Rite Ventures, Martas Explorers, Daniel Sachs AB, and Investor Group led by Tectonic Shift. There are two different parts of Grönska’s business. The company grows leafy greens in a fully controlled…
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Vertical farming company Oishii has raised $50 million in Series A funding, according to a press release sent to The Spoon today. The round was led by SPARX Group’s Mirai Creation Fund II, with participation from Sony Innovation Fund, PKSHA Technology, Social Starts, and several angel investors. It brings Oishii’s total funding to date to $55…
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