Oatly is “ready to play offense in 2023” with a new CEO, a return to promotional activity, and sequential improvements in its gross margin, says the loss-making firm.
Better Bite Ventures, a fund focused on alt protein startups in APAC, has invested in four startups under its early-stage First Bite initative.
Bel Group—the multinational firm behind cheese brands Babybel, The Laughing Cow, and Boursin—has teamed up with AI-powered startup Climax Foods to develop plant-based versions of its iconic brands for launch in Europe and the US by the end of 2024.
US retail sales of plant-based foods rose 6.6% to $8bn in 2022, with growth in creamers, eggs, and butter partially offset by declines in meat, ice cream, and cheese, according to new reports from the Plant Based Foods Association (PBFA) and the Good Food Institute (GFI). Unit sales fell 3%.
If we’re being brutally honest, most plant-based cheese brands are over-promising and under-delivering, says the founder and CEO of alt dairy startup Stockeld Dreamery.
The public dispute between Miyoko Schinner and the board of the plant-based dairy company she founded heated up this week, with Schinner filing a lawsuit alleging she was forced out of Miyoko’s last year after complaining to HR about male executives who “openly denigrated women.”
As news about Silicon Valley Bank rippled through the exhibition halls at Expo West on Friday, AFN walked the show floor to catch up with key players in foodtech, from Climax Foods, showcasing the next generation of plant-based cheese, to Eat Just, which is taking “critical steps towards profitability.”
The dispute between Miyoko Schinner and the company she founded has grown uglier as Miyoko’s Creamery has filed a lawsuit accusing Schinner of “hatching a plot to steal company property, trade secrets, and confidential information” after being removed as CEO.
“Conflict grew around the best path forward for future growth,” says Miyoko Schinner as the board of the plant-based dairy co announced its search for a new leader after removing her as CEO from the company she founded.
Danone North America now sources 2.4 billion pounds of its dairy milk from its regenerative ag program, representing 75% of its milk sourcing.
“We don’t have 15 years to figure this problem out,” the Nowadays co-founder and CEO says of animal agriculture’s role in the climate crisis.
Alternative protein technologies like casein and whole-cut “meats” are the first investments from PeakBridge and Edmond de Rothschild Private Equity’s fund.
Alt meat, seafood, dairy, and egg companies can use the reporting frameworks to standardize their ESG impact for investors and consumers.
The US alt-dairy startup has posted the winning ₹6.38 billion ($79.8 million) bid to take over Sterling Biotech, which entered liquidation in 2019.
“Our farmers are part of the value chain and we impart the importance of quality and preserving natural resources,” says co-founder Gianluca Franzoni.
Insect protein and bio-textiles increasing in importance as alternative proteins become a bigger priority for climate-forward investors.
Seed funding will enable the US- and India-based company to further develop its milk alternative made with mammalian cell cultured technology.
Alternative protein and eGrocery grabbed the bulk of the top 15 deals in 2021, but midway through 2022, the future for one of them is far less certain.
The Israeli startup’s total seed funding now stands at $28 million.
Innovative Food was 2021’s most active agrifoodtech investment category, driven by mega-deals for the likes of Impossible Foods and Perfect Day.
