Personalized nutrition co Bioniq has three core customers, says Vadim Fedotov: “Females aged 35+ interested in prevention. Fitness enthusiasts who love their Apple watches and gadgets. And consumers aged 50+, where it becomes more of a longevity support system.”
An online auction for the assets of Florida-based Lemnature AquaFarms—which produced proteins and fibers from fast-growing aquatic plant lemna (a.k.a. duckweed)—will be held on Dec 12.
As COP28 kicks off, other agrifoodtech news includes fundraises for aquatech startups and new stats about agriculture emissions.
Pea milk maker Ripple Foods has raised $49m in a new round according to an SEC filing, taking its cumulative funding to more than $274m.
Liberation Labs has secured a $25m government-backed loan to support its first commercial-scale precision fermentation facility in the US.
Investors were pushing cultivated meat startups “to grow as quick and as big as possible while the technologies were not yet mature enough,” says Aleph Farms CEO Didier Toubia.
Climate action levels remain “half baked” for 44% of the 83 companies examined in a new analysis by climate intelligence platform CarbonCloud.
Food security is top of mind in Singapore, which imports most of its food, but are policymakers connecting it to climate change?
Plus, sugar refiner Nordzucker will invest more than $100 million into plant-based proteins.
Entobel says it will demonstrate that “it’s possible to produce industrial volumes of insect protein at a competitive cost… and we expect this factory will be profitable early next year.”
With sales declining, gross margins in negative territory, and debts of $1.1bn, what’s next for Beyond Meat?
From more efficient wastewater treatment to higher yields in hydroponics, nanobubbles are gaining traction in food and ag, claims Moleaer.
One of a small, but high-profile group of startups attempting to decouple food production from agricultural land, Solar Foods uses carbon dioxide and hydrogen instead of sugars to feed its bacteria.
Can cultivated meat make the transition from a loss-making novelty served at a handful of high-end restaurants to a commercially viable alternative to animal agriculture?
Plus: Grow-NY winners announced and Le Fourgon raises new capital to reuse old containers.
Fund III will address “problems that transcend time and generation such as water scarcity, the food supply chain, sustainable manufacturing, mobility and energy, and under-represented healthcare.”
Global investment in AgFunder’s ‘Innovative Food’ category (which is dominated by alt proteins) fell by 39% in 2022. However, funding increased by 26% in the Asia-Pacific region. So what should we make of this dynamic?
The Middle East, Africa and South Asia have many ties between them that create a huge market opportunity for agrifoodtech.
Two years ago, investors were throwing money at alt protein startups. Today, the environment is way more challenging.
Water remains one of the most undervalued and underinvested resources in agrifood innovation despite its intrinsic role in the food system.
Smoke & mirrors, not worth the extra cost: 50 US farmers speak out on carbon markets