Ghana’s nascent agrifoodtech sector is active, but investors lack familiarity with the market while entrepreneurs are cautious of raising capital too soon.
The Canadian telco’s social impact fund boosts the number of agtech startups in its portfolio with this latest round of investments.
“In seeking Series A investors, we were intentional about collaborating with experienced food industry professionals,” says CEO Matt Gibson.
The Tel Aviv-based startup “feeds microorganisms instead of cows,” allowing it to avoid many of the ecological pitfalls of traditional dairy cattle production, it says.
Green Rebel Cheeze is made is from “locally and sustainably sourced” cashew, potato, and rice, according to the Jakarta-based startup.
TurtleTree said it will use the capital to move closer towards the commercial launch of its first cell-based milk protein products.
Talmond, Safi Organics, and Yanaya are among Africa’s women-led businesses identifying untapped resources to boost farmer incomes and cultivate healthy livelihoods.
The category includes cell-cultured meat, plant-based analogs, fermented and fungi-based proteins, functional foods, and other novel ingredients.
The Berkeley, California-based startup uses genetically modified microflora to ferment sugar into proteins found in cow’s milk.
After winning a First Amendment labeling lawsuit and raising mega-money from VCs, what next for Miyoko’s Creamery? Vegan cottage cheese, that’s what.
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.
