Fundings-in-Brief: Memphis Meats to Raise $2m Seed Round, FarmDrop Raises $4.3m, more
Cultured meat manufacturer Memphis Meat, UK farm-2-consumer company FarmDrop and Syngenta’s acquisition by ChemChina are some of this week’s Fundings-in-Brief.
Cultured meat manufacturer Memphis Meat, UK farm-2-consumer company FarmDrop and Syngenta’s acquisition by ChemChina are some of this week’s Fundings-in-Brief.
Plus: alt-protein investor Big Idea Ventures enters the biologicals sector.
Shiru has also developed AI and ML-based models to predict protein expression in microbial systems, helping firms determine the most cost effective way to produce target proteins at scale.
“In 2016, I spoke to a lot of investors that said, ‘Why would anybody produce casein in plants when you can easily do it via precision fermentation?’ The same people are now coming back and saying, ‘Actually what you’re doing makes a lot of sense,'” says Alpine Bio founder Magi Richani.
Plus: Science Based Targets initiative’s new rules for Scope 3 emissions are causing more than a little chaos.Â
Also: farm labor management platform Seso raises $26 million, L’Oreal backs sustainable pigment producer.
The Israeli startup leverages AI technology from computational biology specialist Evogene it claims will dramatically speed up the R&D process.
Bpacks combines bark from timber production, used coffee grounds and other bio-based materials to create pellets that can be used by packaging manufacturers to create a variety of materials from produce packaging to meat trays.
Plus: more funding for ag robotics and bad news for Kroger’s e-commerce business.
Funding winter notwithstanding, “If you’re doing something different and really innovative, you will make money,” says Vinod Khosla.
By producing it in fermentation tanks using microbial strains optimized by Triplebar Bio, FrieslandCampina Ingredients hopes to to unlock new markets for lactoferrin.
Plus: Impossible Foods unveils a “meatier” new look to attract more carnivorous customers.
Plus: Plant-based “NotDogs” from Oscar Mayer and NotCo, John Deere’s “right to repair” case drags on, new meat labeling beef in Iowa.
The Zurich-based startup’s ‘yeast cream’ can dramatically improve the mouthfeel and performance of alt dairy products, claims CCO Lucie Rein.
Despite its ubiquity, attractive amino acid profile and functional bona fides, RuBisCO has not become the plant protein of choice for the food industry. Israeli startup Day 8 hopes to change that…
Bangalore-based FaunaTech is a novel smartphone-based diagnostics platform for rapid testing of milk and bovine health at the farmgate.
Plus… 150 job cuts at Plenty, a new green agri fund from Temasek and Norinchukin Bank, cultivated scotch eggs at Fortnum & Mason.
Finless Foods is not commenting on rumors that it is reducing headcount to extend runway, raise capital, and rebuild at a later time.
Phytolon aims to launch natural colors produced by genetically engineered baker’s yeast in the US this year, pending regulatory approvals.
Israel’s Ministry of Health has issued a “no questions” letter granting the company pre-approval for its cultivated beef steaks.