“About half of small- and mid-size food brands rely on white label manufacturers,” says ReScale CEO Julia Megson. “We spoke to hundreds of brands that all said it’s their biggest problem. It’s a mess.”
“What’s really exciting about gene editing is precision and speed,” says Corteva chief technology and digital officer Dr. Sam Eathington.
The Slovenian startup is “on a path to become profitable by the end of this year,” says cofounder and CEO Tilen Travnik.
Peter Rosholm plans to retain the US staff and invest a “substantial” sum to expand capacity, AgFunderNews has learned.
GLP-1 drugs are “the most effective drugs we’ve ever invented for obesity treatment,” but they “aren’t going to cure the obesity epidemic,” says one public health expert.
The capital injection will be used to support entry into new markets, expand the product portfolio, scale production, and accelerate R&D.
If lawmakers are genuinely concerned about security, says DJI, they should develop technology-based data security standards that all drone operators and manufacturers must follow, regardless of their country of origin.
Berlin-based fermentation startup Formo has raised a $61 million Series B round and launched cheeses featuring koji protein at 2,000+ REWE, BILLA, and Metro stores across Germany and Austria.
Judge concludes that the FDA “acted arbitrarily and capriciously” in treating tagatose, a non-glycemic, non-cariogenic, rare sugar, differently to fellow sweetener allulose on US food labels.
“If you even mention the word algae, some investors start running for the exits, so we have to prove we’ve cracked it and that we can own it,” says founder and CEO Nick Hazell.
The firm, which raised a $226m series B round in 2021 when money was cheap and interest in alt proteins was sky-high, has since struggled to navigate a more challenging environment, with investor sentiment souring on meat alternatives amid declining retail sales.
“The product is fantastic,” says Phil Graves, who took the helm in February. “But it was clear when I joined that the business needed to make some strategic shifts and needed to make them quickly.”
While burping ruminants are one of the leading sources of methane emissions, surprisingly small sums—just $233m according to AgFunder data—have been pumped into startups tackling the problem over the past decade.
Asked whether he would remain in the CEO role, founder Dr. Oliver Zahn said: “TBD. In line with the commercial trajectory, we will be on the lookout for a strong commercial lead at the exec level, so I can focus on science and vision.”
The warring foodtech firms have agreed to dismiss the case with “each party to bear its own costs, expenses, and attorneys’ fees.”
Existing single-cell suspension stir tank bioreactors “can’t be used to effectively produce non-GM, cultivated muscle and fat,” claims Mission Barns.
According to former COO Edward Smolyansky: “Under my sister Julie’s authority… there’s no clear strategic plan or vision for employees to rally behind, and many have expressed concerns.”
The only subsegment delivering meaningful growth in unit sales was coconut milk, with dollar sales up 12.6% and units up 13.9% in the year to July 14, albeit off a small base.
“Our goal is to become the epicenter for unmanned aerial systems in the agricultural space,” says Kelly Hills CEO Lukas Koch.
After a fun—but not very lucrative—few years working on driverless cars in India, Kumar Ranjan turned his attention to a very different industry: farming.
