Category: Foodtech
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When will cell-based meat be available to the masses? It depends on who you ask. At one SKS 2020 panel this week, participants said maybe 10 years. In another, Impossible CEO Pat Brown more or less said never. Josh Tetrick, founder and CEO of Eat Just, reckons the timeline is “somewhere north of 15 years.” …
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Vertical farming startup Plenty announced today it has raised a $140 million Series D round led by Softbank’s Vision Fund 1. The round also included participation from berry producer Driscoll’s, according to a press release sent to The Spoon. The investment brings Plenty’s total funding to date to $541 million. The funding announcement comes mere…
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If you keep an eye and ear to food tech, you’ll know there’s been a significant uptick in interest (and investment) for cell-based meat products. But what can companies in the space do to help cell-based protein scale to address issues like global food security and environmental sustainability? That’s a topic FTW Ventures’ Brian Frank…
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Rise Gardens announced today it has received an investment from the Amazon Alexa Fund that builds upon a $2.6M seed round Rise closed in May. The amount invested by the Amazon Alexa Fund was not disclosed. According to a press release sent to The Spoon, the deal is both a collaboration and a cash investment…
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San Francisco Bay Area-based vertical farming startup Plenty and well-known berry brand Driscoll’s announced a partnership today to grow strawberries year-round via controlled-environment indoor farms. The partnership will use Plenty’s indoor farming technology and incorporate Driscoll’s proprietary genetics for strawberries, according to a press release sent to The Spoon. Plenty hinted at strawberries (and tomatoes)…
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Hong Kong-based Green Monday announced today it has struck a longterm partnership with McDonald’s to launch a plant-based menu across all McDonald’s and McCafé locations in Hong Kong and Macau. The menu will incorporate Green Monday subsidiary OmniFood’s alt-pork products into the meals. Green Queen was first to break the news. The new menu features…
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What’s next for lab-grown meat? Brisket and jerky, apparently. Thanks to an Austin, Texas-based company called BioBQ, cell-based versions of both those meats are in the works, furthering the possibilities of the kinds of proteins that can be grown in a lab versus slaughtering an animal. Those meat choices, says cofounder and CEO Katie Kam,…
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Beyond Meat announced today the launch of its new plant-based Breakfast Sausage Links. The new breakfast food will be available a grocers nationwide starting this month and cost $5.99 for a package of eight links. Plant-based meat sales have enjoyed a boom during this global pandemic. COVID-19 not only has people eating at home more,…
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Kalera continues its westward expansion. This week, the Orlando, Fla.-based indoor vertical farming company announced it will open its newest commercial-scale facility in Denver, Colo. in 2021. This will be Kalera’s fifth facility for commercial-scale vertical farms growing leafy greens. The company already operates two facilities in Orlando and is in the midst of constructing…
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Impact investor and Wild Earth CEO Ryan Bethencourt and Finless Foods’ former head of science Mariliis Holm unveiled this week a new fund for early-stage founders working in the alternative protein space. Sustainable Food Ventures (SFV) is the first rolling fund on the AngelList platform and will work with cell-based, plant-based, and recombinant companies. The…
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San Francisco-based VC firm Scrum Ventures just announced Food Tech Studio – Bites!, a food tech-focused program that looks to bring together a variety of companies innovating across the food industry. Speaking on the phone this week, Michael Proman, Managing Partner at Scrum Ventures, said the program is something of a reinvention of the…
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Cell-based seafood maker Shiok Meats announced today it has raised $12.6 million in Series A funding. The round was led by Aqua-Spark, an investment fund focused on sustainable aquaculture. SEEDS Capital, Real Tech Fund, Irongrey, and several others also participated in the round, according to a press release sent to The Spoon. This brings Shiok…
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