Perfeggt readies its chicken-less egg alternative with $2.8m fundraise
The Berlin-based company will launch its liquid egg alternative in Germany and several other European countries early next year.
The Berlin-based company will launch its liquid egg alternative in Germany and several other European countries early next year.
The Myco-Protein Innovation Call is focused on scaling the use of fungi as a protein source.
The round was led by South Korea’s Mirae Asset Global Investments.
“In seeking Series A investors, we were intentional about collaborating with experienced food industry professionals,” says CEO Matt Gibson.
The world’s largest meat processor plans to acquire a majority stake in Spanish cultivated meat company BioTech Foods.
The Tel Aviv-based startup “feeds microorganisms instead of cows,” allowing it to avoid many of the ecological pitfalls of traditional dairy cattle production, it says.
The Asia Sustainable Foods Platform will co-invest $22.2 million alongside Singapore’s national R&D agency into the new Food Tech Innovation Center.
Green Rebel Cheeze is made is from “locally and sustainably sourced” cashew, potato, and rice, according to the Jakarta-based startup.
TurtleTree said it will use the capital to move closer towards the commercial launch of its first cell-based milk protein products.
The Bangkok-based startup makes pet food products out of black soldier fly larvae, feeding them “a diet from pre-consumed food waste” and other “food surpluses.”
It’ll use the Series A capital to hire talent and build an in-house facility to create larger quantities of its ingredients for food manufacturers.
The Chicago-based company will use the funds to commercialize its seafood analogs made with microbial fermentation.
His startup aims to combine the nutrients of traditional whey powder with a taste that’s superior to existing plant-based offerings.
It aims to “get cell-cultured meat onto the tables of Chinese consumers, providing them with healthier, safer, and lower-carbon meat products,” according to co-founder Ding Shijie.
But Danish Crown’s Jais Valeur expects pork production to remain at present levels into the future because it’s “a good bet for a climate-friendly protein.”
Chew’s Plant-Based Burger Report Card found the Beyond Burger to smell like “pet food,” while Impossible’s effort is “more reminiscent of liver.”
The category includes cell-cultured meat, plant-based analogs, fermented and fungi-based proteins, functional foods, and other novel ingredients.
The Berkeley, California-based startup uses genetically modified microflora to ferment sugar into proteins found in cow’s milk.
Protein has become a bit of a battleground in Australia of late; but the economics suggest there’s plenty of room for all players – traditional and alternative.
The Hollywood actor, who’s also joining the startups in an advisory capacity, said they’re solving “some of the most pressing issues [in] industrial beef production.”
Sponsored
International Fresh Produce Association launches year 3 of its produce accelerator