The JackFruit Company is growing at a double digit pace at a time when many other players in the alt meat segment are struggling, says founder and CEO Annie Ryu.
At Mosa Meat, says VP global public affairs Robert Jones, “We tightened our belts, we went back to the drawing board on the long-term strategic plan and got more focused.”
VCs need to think longer term and more realistically for future agtech investments, said panelists at World Agri-Tech London.
Eventually, says Andrew Ive at Big Idea Ventures, “It all shakes out and the less smart money decides to go chase the next opportunity. So we had foodtech, we had crypto, and now we have AI…”
Cultivated meat advances in S. Korea while the US sees more legal battles for plant-based meat labeling.
“If you bring big and small companies together in the wrong way, the bigger one tends to kill the smaller ones,” says Dr. Ian Noble.
Global demand for seafood is set to soar in the coming years, yet in the first half of 2024 funding was down 40% compared to the first half of 2023.
LanzaTech is in the engineering design phase for a pilot facility expected to be operational in 2026 and has developed a roadmap to commercial-scale production in 2028.
Kinoko-Tech, an Israeli startup specializing in fungi-based fermentation, has struck a deal with Metaphor Foods, the innovation arm of Hela, to produce its minimally-processed fermented foods in APAC.
Plus: Ecovative raises $28 million for alt-leather, Deliveroo exits Singapore
Multiple startups can now make casein proteins without cows. But do the unit economics add up? Israeli startup DairyX weighs in….
HowGood will integrate its sustainability data into Informatica’s AI-powered Intelligent Data Management Cloud for ESG Sustainability.
Helaina is targeting the women’s health, active nutrition and healthy aging markets, says founder and CEO Laura Katz.
“These guys have looked at mixing and asked the question: could we do it in a fundamentally different way? And they’ve come up with a solution that is just so disruptive,” says Mondelēz International R&D chief Dr. Ian Noble.
Companies are reducing scope 1 and 2 emissions but lagging when it comes to scope 3, according to a new report from nonprofit Ceres.
The firm will use the funds to develop an industrial-scale facility and expand its team, says founder and CEO Douglas Martin.
Plus: Juicy Marbles plans US retail launch and a $500,000 win for biochar.
Surprisingly, despite the consolidation and domination of a few major players, investment in eGrocery startups still represents nearly 16% of agrifoodtech funding in 2024 so far. But does that tell the whole story?
“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.”
The Slovenian startup is “on a path to become profitable by the end of this year,” says cofounder and CEO Tilen Travnik.
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