The Berlin-based startup has set itself the target of replacing 10% of Europe’s dairy products with animal-free versions produced using precision fermentation by 2030.
The Swedish startup plans to add spreadable and melt-friendly products to its range of cheeses fermented from fava bean and pea protein.
New Carnivore has made seven deals to date, co-investing with leading VCs such as Andreessen Horowitz, Breakthrough Energy Ventures, and DCVC.
Under-fire Oatly had accused the UK’s Glebe Farm, which produces an oat-based milk called PureOaty, of infringing its trademark rights.
It’s using soybeans to produce casein, the protein found in cows’ milk which gives cheese its characteristic “melt, stretch, and mouthfeel.”
Glebe Farm owner Phillip Rayner said that “although Oatly are much bigger than us, we do not believe we have done anything wrong.”
Amendment 171 could have prevented brands from displaying allergen or climate information on packaging – or even from showing images of the product itself.
Oatly appears to fit squarely into an ESG portfolio for public market investors, especially in comparison to many companies being touted as ESG bets.
Stockeld Chunk is made from peas and fava beans and is the result of more over two years of R&D, co-founder Sorosh Tavakoli told the Future Food podcast.
Oatly expects to raise at least $100 million through its NASDAQ float, but may seek a further listing in Hong Kong depending on geopolitical and business considerations.
The actor is joining the alt-dairy startup’s new Sustainability & Health Advisory Council, which will provide guidance on “health and wellness and the environment.”
The Swedish startup – which recently filed for an IPO in the US – is building its first production facility in Asia to target China’s lucrative dairy products market.
Dyadic and TurtleTree will collaborate on growing recombinant proteins that can be used as alt-protein growth factors, affordably and at industrial scale.
The Swedish company has retained investment banks Morgan Stanley, JPMorgan Chase, and Credit Suisse to manage the offering, according to sources familiar with the matter.
The Singapore-based startup is diversifying beyond its own cultured milk products to sell its knowhow to the wider cellular agrifood industry.
The city-state’s trade minister predicts “many other companies” will follow Perfect Day and others setting up R&D and manufacturing facilities there.
The Singapore-based startup is expanding beyond breastmilk for babies “to address the nutritional needs of our elderly and adults,” says CEO Fengru Lin.
The Chicago startup promotes its fermented fungal protein as “a whole-food product of nature” in contrast to more heavily processed plant-based products.
AFN speaks to the innovative foodtech startups taking part in the sustainability-focused program run by AgFunder-backed impact fund and accelerator GROW.
Danone’s global farming expertise manager tells AFN how the company is embracing technological innovation in its search for sustainability.
He says it’s not about climate. So why is Bill Gates investing in farmland?