“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.
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….
Helaina is targeting the women’s health, active nutrition and healthy aging markets, says founder and CEO Laura Katz.
The Slovenian startup is “on a path to become profitable by the end of this year,” says cofounder and CEO Tilen Travnik.
Peter Rosholm plans to retain the US staff and invest a “substantial” sum to expand capacity, AgFunderNews has learned.
Berlin-based fermentation startup Formo has raised a $61 million Series B round and launched cheeses featuring koji protein at 2,000+ REWE, BILLA, and Metro stores across Germany and Austria.
The firm, which raised a $226m series B round in 2021 when money was cheap and interest in alt proteins was sky-high, has since struggled to navigate a more challenging environment, with investor sentiment souring on meat alternatives amid declining retail sales.
The warring foodtech firms have agreed to dismiss the case with “each party to bear its own costs, expenses, and attorneys’ fees.”
The pair are also exploring using lactose permeate, a byproduct of milk protein production, as a feedstock for Superbrewed Food’s microorganisms, creating a circular solution.
The legal dispute between the animal-free dairy pioneer and co-manufacturer Olon is turning increasingly ugly, with Olon arguing that Perfect Day is presenting “a false narrative” of their deteriorating relationship.
“Shiru’s hypothesis has been that there are likely much more than a dozen sweet proteins out there, but it’s very difficult to find them if you don’t have the right tools,” says founder Dr. Jasmin Hume.
Meanwhile, Voyage Foods enters the bean-less coffee space and alt-protein startup Mycorena files for bankruptcy.
The new funding is from the European Innovation Council (EIC) Accelerator program and additional series A investors.
The approval letter is the first to cover a meat-replacing mycoprotein strain outside of the Fusarium genus and the first to include an USDA evaluation of mycoprotein as a meat enhancer.
Plus: Denmark to tax livestock farming emissions and Ohio lawmakers create a stink about cultivated meat.
Plus: New funds from Proterra, Asian Development Bank and others, and lawsuits aplenty.
The PTAB has invalidated the bulk of the claims in an Impossible Foods US patent following a challenge by Motif FoodWorks but declined to review six other patents at issue in their IP dispute.
In court docs filed today, Perfect Day accuses manufacturing partner Olon of breach of contract, fraud, and misappropriation of trade secrets.
