Plant protein tech company Burcon NutraScience is still “actively seeking partnerships” to acquire the assets of distressed plant protein processor Merit Functional Foods, which went into receivership on March 1.
An IT sales executive turned foodtech entrepreneur, MycoTechnology cofounder and CEO Alan Hahn got the call that dramatically his career trajectory just over a decade ago.
Hyfé, a Chicago-based startup transforming food processing wastewater into feedstocks for biomanufacturing and clean water, has raised a $9 million seed round led by Synthesis Capital.
This week, Omeat emerged from stealth with an ‘elegant’ solution to scaling cultivated meat; UPSIDE Foods and GOOD Meat finally got the green light to sell cultivated chicken in the US, and drone startup Guardian Agriculture raised $20m.
Cultivated meat startup Omeat has emerged from stealth armed with $40m to fund a novel approach to making meat from animal cells.
UPSIDE Foods and GOOD Meat will be the first to launch cultivated meat in the US after clearing the final hurdles required by regulators.
UK-based alt meat brand VFC has acquired distressed meat-free brand Meatless Farm, which laid off most of its staff earlier this month after a key investor expected to provide a capital injection backed out.
The US Patent Trial and Appeal Board (PTAB) has agreed to review a patent granted to Impossible Foods following a petition by Motif FoodWorks, which is being sued by Impossible for patent infringement.
Bond Pet Food is carving a distinct path in the alt protein space by engineering yeast to produce animal proteins for pet food.
UPSIDE Foods has edged closer to commercialization in the US after receiving a thumbs up from USDA for its ‘cell-cultivated chicken’ label, seven months after securing a green light from the FDA.
Loss-making UK-based plant-based meat startup Meatless Farm has laid off most of its staff after failing to secure additional funds to help it stay afloat.
UK-based Higher Steaks has rebranded as Uncommon and raised $30m in a series A round to scale production of cultivated pork using technology it claims gives it a competitive edge by speeding up the cell differentiation process.
MyForest Foods—a New York-based startup making whole cuts of meat from mushroom mycelium—has raised $15 million in Series A-2 funding and hired Greg Shewchuk as its new CEO.
Impossible Foods’ lawyers did not violate rules of professional conduct by hiring private investigators to pose as potential customers in order to obtain product information and samples from Motif FoodWorks as the companies clashed over IP, a court has ruled.
Fungi-fueled alt meat startup Meati Foods has laid off 17 of its 300 employees this week, three months after opening a new production facility in Thornton, Colorado, but says the move does not reflect weak demand for its products.
Five or six years ago the press coverage around cultivated meat was almost universally positive. Today, we’re seeing headlines about cancerous cells, ‘vaporware,’ and business failures. So where does the industry go from here?
Some commentators argue that cultivated meat is a food tech fantasy. So are they right? It all depends on your approach, says Joshua March, cofounder and CEO at San Leandro-based startup SciFi Foods.
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.”
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