Category: Foodtech
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Each January for the past couple of decades, I’ve packed up my suitcase and headed to the Nevada desert to take part in the world’s biggest tech show, CES. I’m not alone. CES is the singular tech show that pretty much every major industry attends along with those who watch and follow those industries. This…
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There may be no one with more culinary street cred in America today than David Chang. Not only has the New York-based chef won multiple James Beard awards and seen his restaurant Momofuku called the country’s most important restaurant, but Chang himself is widely recognized as an astute observer of the food world who always…
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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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Longtime food and biotech investor and entrepreneur Ron Shigeta is rolling out a new virtual accelerator called iAccelerate.tech. Shigeta established himself as a food tech pioneer as a cofounder of one of the very first future food and ag accelerators in IndieBio, where he helped some of today’s biggest names in future food such as…
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Apeel, best known for its shelf-life-extension technology for produce, has raised a $250 million Series E round of funding led by Temasek. Additional participants include Mirae Asset Global Investments, GIC, Viking Global Investors, Disruptive, Andreessen Horowitz, Tenere Capital, Sweetwater Private Equity, Tao Capital Partners, K3 Ventures, David Barber of Almanac Insights, Michael Ovitz of Creative…
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Saudi Arabia’s Red Sea Farms has raised an additional $6 million in pre-Series A funding, bringing the total round to $16 million (h/t Wamda). Those leading the round include Aramco’s venture arm Wa’ed, the Saudi government-owned Future Investment Initiative (FII) Institute, KAUST, Global Ventures, AppHarvest, and Bonaventure. The $6 million announced over the weekend follows…
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Shiok Meats, a company best known for its developments in cultured seafood, has acquired a 90 percent steak in Gaia Foods, according to Tech in Asia, which broke the news. Financial terms of the deal were not disclosed. Through the deal, Singapore’s Shiok Meats will add “a variety of red meat products” to its roster,…
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Vertical farming company AeroFarms announced today an official partnership with Nokia Bell Labs to further develop the technology capabilities of its industrial-scale indoor ag operation. Currently, New Jersey-based AeroFarms uses a proprietary system that combines machine vision and machine learning technologies with the company’s agSTACK software, custom lighting, and aeroponics. The goal is to create…
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Miyoko’s Creamery, which makes plant-based cheese and butter, announced today that it has raised $52 million in Series C funding. PowerPlant Partners led the round, putting in $40 million, with participation from Cult Capital, Obvious Ventures, Stray Dog and CPT Capital. Miyoko’s makes a range of vegan dairy products including cultured butter, mozzarella, cheese slices,…
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NovoNutrients, a company that creates protein from CO2 inputs, today announced a $4.7 million fundraise to complete its industrial pilot program that will capture CO2 emissions from from oil, gas, and cement-related plants. The round was led by Happiness Capital, a Hong Kong-based venture firm that has previously invested in Redefine Meat, Ynsect, and Beyond…
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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. 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…
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AppHarvest this week announced a $91 million financing arrangement with Equillibrium Capital, according to Food Navigator, who broke the news. The money will go towards AppHarvest’s previously stated goal of building out 12 high-tech indoor farming facilities by 2025. Equilibrium Capital’s $91 million figure is a construction loan that will support the building of AppHarvest’s…
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