Category: Foodtech
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Solar Foods, which literally makes protein out of air, announced today that it has received €10 million (~$11.98 million USD) in funding from the The Finnish Climate Fund. The subordinated load will go towards revving up commercial-scale production of the company’s product, Solein. This brings the total amount of funding raised by Solar Foods to…
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Gathered Foods, which makes the Good Catch brand of plant-based seafood, announced today that it has secured $26.35 million in a B-2 bridge funding round from investors including Louis Dreyfus Company, Unovis Asset Management and Big Idea Ventures. This new financing follows the $36.8 million Series B round the company raised in January 2020. With…
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This is the web version of our weekly Future Food newsletter. Subscribe today to get all the alternative protein news delivered direct to your inbox. For those old enough, the phrase “Where’s the beef?” Is indelibly burned into our conscious. That early 80s Wendy’s TV ad had a trio of elderly ladies complaining about a…
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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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Retail sales of plant-based foods in the U.S. reached $7 billion in 2020, according to new data released this week by the Good Food Institute and the Plant-Based Foods Association (PBFA). Sales grew 27 percent in total, which is nearly twice as fast as total U.S. food retail sales. The $7 billion figure includes plant-based…
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It’s not until you start reading food labels that you realize just how much salt is in what we eat. It’s everywhere! MicroSalt aims to reduce the amount of salt we consume by changing up salt delivery itself, and the company is running an equity crowdfunding campaign to help expand its market presence. MicroSalt’s crowdfunding…
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Apeel Sciences announced today that more than 20 leading suppliers from the global avocado industry have joined its network in an effort to keep more food out of landfills. New partners from the U.S., Latin America, and Europe will use Apeel’s plant-based coating technology that extends the life of fruits and vegetables, according to a…
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MeliBio, a startup that makes real honey without the need for bees, announced today that it has raised an $850,000 pre-seed round of funding. Investors in the round include Big Idea Ventures, Joyance Partners, 18.ventures, Sparklabs Cultiv8, Sustainable Food Ventures, Capital V, angel investor Courtney Reum and two mission-driven family offices. Founded in 2020, the…
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Plant-based food company LIVEKINDLY Collective announced this week it has closed a $335 million funding round led by global impact investing platform The Rise Fund. Existing investor Rabo Corporate Investments as well as S2G Ventures participated in the round, which brings LIVEKINDLY’s total funding to date to $535 million. That’s a substantial amount of funds…
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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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Large-scale vertical farming company AeroFarms announced today it will go public via a merger with special purpose acquisition company (SPAC) Spring Valley Acquisition Corp. Once the deal goes through, AeroFarms will become publicly traded on the Nasdaq under the ARFM ticker symbol. The combined company is expected to have an estimated equity value of about…
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Bluu Biosciences, a startup making cell-based fish, has raised a €7 million (~$8.24M USD) round of funding. TechCrunch was first to report the news, writing that Manta Ray Ventures, Norrsken VC, Be8, CPT Capital and Lever VC all participated in the round. The Berlin, Germany-based Bluu is working on creating cell-based versions of salmon, trout…
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