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The Spoon

Daily news and analysis about the food tech revolution

Ecovative

Atlast Food Co. Secures $40M Series A Round to Expand Whole Cut Plant-Based Meat Analogues

Atlast Food Co., which uses mycelium to produce plant-based meat alternatives, announced today in a press release that it has raised a Series A round of $40 million USD to create new whole cut meat alternatives. This latest funding round was led by Viking Global Investors and saw participation from 40 North, AiiM Partners, Senator Investment Group, Stray Dog Capital, Footprint Coalition, Applegate, Stonyfield, and Whole Foods.

This new funding will be used to scale the company’s technology, production, and team to bring its product to a commercial scale. To create the new whole cuts of alternative meat, Atlast is partnering with Ecovative, its parent company. Using Ecovative’s AirMycelium manufacturing platform, Atlast is currently building the largest aerial mycelium farm in the U.S. to supply its production of meat alternatives.

Atlast offers its first product, mycelium-based bacon, through its brand MyEats. Dubbed MyBacon, it consists of six plant-based ingredients, is cholesterol-free, and the serving size of two slices contains 4 grams of protein. The Honest Weight Food Co-op in Albany, New York is the only retailer that carries MyEats bacon right now, but the product will be distributed to more grocery retailers as production picks up.

Mycelium works well as an ingredient for plant-based meat alternatives because of its fibrous texture that can mimic the muscle texture of animal proteins. Additionally, mycelium grows quickly, and its neutral flavor allows for any desired flavor to be absorbed. Meati is another start-up that produces mycelium-based meat alternatives, and the company trialed its mycelium-based steak last summer and is also developing mycelium-based chicken and jerky.

Atlast was not able to disclose exactly what variety of meat analogs it will be developing, but did say that mycelium gives them the opportunity to create a wide variety of meat alternatives like filet mignon, chicken breast, and even fish. The products will be made available to CPG, foodservice, and grocery industries, and Atlast plans on distributing its mycelium meat alternatives to these industries this year.

Ecovative Launches Spinoff Company Atlast Food to Create Myceliuim Scaffolding for Meat Alternatives

At the Good Food Conference today biotech company Ecovative announced it was spinning out Atlast Food Co., a new company entirely dedicated to creating mycelium scaffolding for meat alternatives.

As I wrote about Ecovative/Atlast earlier this year:

The company first developed a mycelium platform 12 years ago to use as sustainable packaging material. Then, a few years ago, they started developing a marshmallow-like mycelium foam, called “Atlast,” which could be used as scaffolding for tissue engineering. Ecovative co-founder and CEO Eben Bayer told me over the phone that they can grow the mycelium into a shape that emulates meat fibers, then infuse it with plant-based fats, flavors, and seasonings. In short: they can use it as a scaffold to grow meat.

It seems that Ecovative has realized that there’s enough potential in growing meat alternative scaffolding to merit a dedicated company. According to Andy Bass, Ecovative’s Director of Marketing, Atlast will partner with companies to help them develop bespoke whole cuts of plant-based and cell-based meat.

So far, Atlast has tested their mycelium into a scaffold for plant-based bacon. I haven’t had a chance to try it myself, but based off of the video below it actually looks pretty tasty.

Ecovative is striking while the plant-based iron is hot — and primed to grow. Most meatless meats available now have a processed texture, such as burgers, chicken nuggets or sausages. In order to take a real chunk out of the meat industry, alternative companies will have to figure out a way to make whole cuts of meat — like steak or chicken breast — out of plants. And one of the biggest challenges standing in their way is texture.

Atlast’s technology could be even more critical to cell-based meat. Thus far, the majority of companies have been able to grow meat with a “ground” texture, though cultured meat companies are experimenting with 3D printing and even spinach leaves as tools to improve texture. Even Aleph Farms, which is making cell-based steak, has only been able to make thin sheets the size of a credit card. There’s a big opportunity for someone to come in and provide a scaffolding solution, especially as cultured meat inches closer to hitting the market.

Bass wouldn’t disclose future partners but said that they would make more public sometime in 2020.

Ecovative’s Mushroom Foam Could Solve Alternative Meat’s Texture Problem

When you bite into a juicy piece of steak — or any meat — a big part of the tasting experience is texture. It’s one of meat’s most defining characteristics, which also makes it really, really hard to accurately imitate. Alterna-meat companies are trying, but all too often their efforts fall short and we’re left with gummy vegan sausages or tough “chik’n” strips.

The secret to texture might lie in mushrooms. Or, more specifically, what lies beneath mushrooms. Ecovative, a biotech company based in upstate New York, is using mushroom roots (AKA mycelium) to give meat alternatives a better, meatier texture.

The company first developed a mycelium platform 12 years ago to use as sustainable packaging material. Then, a few years ago, they started developing a marshmallow-like mycelium foam, called “Atlast,” which could be used as scaffolding for tissue engineering. Ecovative co-founder and CEO Eben Bayer told me over the phone that they can grow the mycelium into a shape that emulates meat fibers, then infuse it with plant-based fats, flavors, and seasonings. In short: they can use it as a scaffold to grow meat.

This sort of scaffolding technology is really needed right now. Texture is a huge barrier to widespread acceptance for meat alternatives, both cell-based and plant-based. On the whole, cellular agriculture companies have figured out how to replicate animal cells. But as of now they can basically only copy and mush cells together, so they’re limited to making meats that don’t require much structure, like ground beef. Similarly, plant-based meat is struggling to replicate the exact texture of meat, cheese, and fish.

Ecovative isn’t the only company working on this problem. Redefine Meat is using 3D printing to try to make plants emulate the texture of beef. Researchers at Penn State are using LEGO pieces to spin edible scaffolds made of cornstarch, and others are experimenting with spinach leaves to help grow tissue.

But Ecovative’s platform has a couple of advantages. Mycelium is super easy and fast to grow: Bayer said it only takes nine days to grow a sizeable sheet of the mushroom foam. It’s also very cheap to make and extremely versatile. Scientists can either grow the foam into an intended shape — like, say, a pork chop — or cut and shape it after the sheet is ready.

Bayer told me that Ecovative will sell its mycelium foam to other businesses. He wouldn’t give specifics on pricing or when exactly they would head to market, but told me that the company will have “stuff to taste by this year.”

Sure, right now we’ve got vegan burgers that have a texture pretty close to the real thing. But what about bacon, or beef tenderloin, or steak? Until there are indistinguishable plant-based (or, down the road, cell-based) options for all cuts of meat, not just burgers, it’ll be hard to get carnivores on board with meat alternatives. Hopefully Ecovative’s mycelium can help crack the texture code.