Agrifoodtech investment in France surged 39% to $1.3 billion in 2022 against the backdrop of a 46% decline in Europe and a 44% slump in global agrifoodtech funding over the same period.
Dutch startup Meatable has slashed production times for cultivated pork from three weeks to eight days in the past year by dramatically speeding up the process by which its stem cells differentiate into fat and muscle, transforming its unit economics.
Motif FoodWorks has accused Impossible Foods of hiring private investigators to pose as potential customers to “covertly” obtain information about Motif’s business that could influence ongoing litigation between the warring foodtech companies and “circumvent the discovery process.”
2022 was a lousy year for agrifoodtech investing, and India was not immune to the headwinds impacting global markets, with funding to Indian startups in the field dipping 33% year-over-year to $2.4 billion, according to AgFunder’s new India AgriFoodTech Investment Report 2023.
Japanese dairy giant Megmilk Snow Brand Co is investing in plant-based proteins via a joint venture with Singapore-based Agrocorp International.
ADM has entered a strategic development agreement with Air Protein, a startup seeking to decouple food production from agricultural land by using carbon dioxide and hydrogen, rather than sugar, to fuel its fermentation-based food production platform.
Alt protein investor Lever VC has released its internal playbook for assessing the scientific progress of early-stage cultivated meat companies to help investors place more informed bets in a “complex and nascent industry” and help avoid a “Theranos-style outcome.”
“We’ve got a groundswell of young people who are trained in molecular biology,” says SynBioBeta founder Dr John Cumbers: “They’re not scared of GMOs. But they are scared of the environmental impacts of climate change and the unsustainability of our consumer culture.”
“Wood Milk started with a simple idea,” says actress Aubrey Plaza in a new spoof ad from MilkPEP, the dairy industry-backed body behind the iconic ‘Got Milk’ ads. “I saw a tree and I asked myself: Can I drink this?”
Beyond Meat CEO Ethan Brown says he is confident of returning to growth and achieving cashflow positive status in the second half of this year, after posting a 17.7% decline in net revenues to $195.5m in the first quarter of 2023.
Farmless—a Dutch startup using carbon dioxide, rather than sugar, to fuel its fermentation-based food production platform—has raised €1.2 million ($1.3 million) in a pre-seed round.
Burcon NutraScience says it is working with “additional industry participants” to acquire the assets of distressed plant protein processor Merit Functional Foods after the receiver rejected its initial bid.
Dutch cultivated meat startup Mosa Meat has opened a new 30,000sq ft ‘scale-up plant’ in Maastricht as it edges closer to commercialization.
This year’s AgFunder GROW Impact Accelerator includes startups focused on planetary health, climate-smart agriculture and decarbonization, among other areas.
Agrifoodtech investment in Europe fell 46% to $5.1bn in 2022, consistent with a 44% drop in global funding. But there were some bright spots…
Precision fermentation startup The EVERY Co has teamed up with Alpha Foods to explore the potential of meat alternatives featuring ‘animal-free’ egg whites made with microbes instead of chickens.
2022 was a grim year for agrifoodtech investment, with funding down 44% year-on-year globally, in part driven by an 81% drop in funding in China. So why did funding fall off a cliff and what can we expect in 2023 and beyond?
If you’re in space for three days, says Phnam Bagley, food is fuel. If you’re on a three-year round trip to Mars, it’s mission critical, a matter of life and death.
Armed with $15m in seed funding from Fall line capital, the MIT E14 fund, and FootPrint Coalition, Israeli startup Chunk Foods is building a factory for its plant-based whole cuts of meat.
Better Bite Ventures, a fund focused on alt protein startups in APAC, has invested in four startups under its early-stage First Bite initative.
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