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Equinom

September 11, 2021

The Alt Protein News Round-Up: Cultured Pork in China and McPlant Burger’s Launch

If you haven’t had the chance to check it out, The Spoon was given an exclusive virtual tour of Rebellyous Foods’ production facility, where it manufactures its plant-based chicken. Speaking of which, we have some news about Rebellyous Foods’ school cafeteria launch, CellX’s cultured pork unveil, the official launch of the McPlant burger, and Equinom’s new partnership.

CellX unveils cultured pork and shares goals for price parity

China-based cultured meat producer CellX revealed its cultured pork product this week, which uses cells extracted from the country’s native black pig. The alternative pork product was incorporated into various dishes and served to potential investors. Pork is the most consumed meat in China, but the country has experienced supply chain issues due to the pandemic and an outbreak of African Swine Fever amongst herds. The company’s goal is to reach price parity with conventional pork by 2025.

Rebellyous plant-based chicken nuggets to be served in public schools

Rebellyous Foods, a producer of plant-based chicken tenders, nuggets, and patties, shared this week that its alternative nuggets will be making their way into public school cafeterias in Washington and California. The first school to supply the nuggets was Ramon Valley Unified School District (SRVUSD) in Northern California last year, and the five new school districts to do so are Dublin Unified, Livermore Joint Unified, Santa Ana Unified, Pleasanton Unified, and Everett Public Schools. The “Kickin Nuggets” were developed specifically for K-12 food service and are made from a base of soy protein.

McPlant burger launches in McDonald’s throughout the UK

Starting September 29th, select McDonald’s locations in the UK will begin rolling out the highly anticipated McPlant burger, which is now 100 percent vegan. The meat-free patty was made in partnership with Beyond Meat, and the burger will also include vegan cheese, mayo, lettuce, tomato, mustard, ketchup, and pickles. McDonald’s previously ran trials of the McPlant in 2020 in various countries, and at that time, the burger was vegetarian but not vegan. The McPlant will become available nationwide starting in 2022.

Equinom to partner with Meatless farms as a supplier

Equinom, a nutrition company that uses AI to improve the nutrition content of seeds, disclosed this week in a press release sent to The Spoon that it will begin supplying Meatless Farm, a plant-based meat brand, and its ingredient subsidiary Lovingly Made Ingredients. Meatless Farms will use Equinom’s pea protein concentrate in a variety of its products, boosting the protein content by up to 50 percent. This is the first plant-based company that Equinom has partnered with.

Wild Earth Launches Cell-Based Petfood

Plant-based pet food brand Wild Earth has announced plans to expand its product line into pet food made with cell-based meat. The announcement comes on the heels of a new $23 million funding round from a group of investors that includes Mark Cuban and the star of Vampire Diaries, Paul Wesley.

Led by alternative protein entrepreneur and investor Ryan Bethencourt, Wild Earth has been one of the early leaders in creating pet food from plant-based ingredients. With products like Clean Protein dog food (which uses pea and potato protein) and Superfood Dog Treats With Koji (Koji is a fungi protein used in fermented food in Asia), company sales have grown more than 700% year over year, according to a release sent to The Spoon.

June 22, 2021

Equinom Raises $20M Series C Round for Seed Breeding Tech

Israel-based Equinom announced today it has raised a $20 million Series C funding round led by Phoenix. The round also included participation from Fortissimo, Trendlines, Maverick, and BASF, and brings Equinom’s total funding to $27.6 million.

Equinom uses AI to improve upon the existing nutrition of seeds, including a seed’s protein content. Through its natural non-GMO breeding process, seeds with desired traits are selected and then bred. Equinom’s “Product Profiler” app allows food companies to select what traits they want in a particular seed for the product they are developing. According to its website, the company is working with soy, yellow, pea, sesame, and will offer boosted versions of chickpeas, mung beans, quinoa, cowpeas, and fava beans in the future. Across the world, Equinom is growing over 100,000 acres of these crops.

With this most recent round of capital, Equinom will expand its operations in marketing, research, development, and sales. At the beginning of May, the company partnered with Dipasa, a leading producer of sesame seeds, to launch a new variety of high protein sesame seeds. In addition to Dispasa, Equinom has had contracts with major food companies like Sabra and Roquette to improve upon the nutrition content of seed for use in plant-based foods.

Seeds, nuts, and grains are more sustainable and efficient to produce than meat, yet a common complaint regarding plant-based ingredients is that they often do not have the same high protein content as meat. It’s therefore a pressing issue to find nutrient-dense crops that can support a population that will reach 9.7 billion by 2050. Plant-based ingredients like chickpea, soy, peas, and lentils are nutrient-dense and contain a high protein content, but still fall short of the protein content found in a serving of, say, beef. By increasing protein content in these seeds, Equinom’s technology could prove valuable in helping feed more mouths with more nutritious and environmentally friendly food.

In the last quarter of 2021, Equinom is set to launch the highest pea protein concentrate available on the market, called “Smarter Pea Protein.”

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