Counterintuitively, perhaps, for a technology that’s been around for decades, the extrusion process for transforming plant proteins into meat analogs remains something of a mystery, says Noa Weiss.
What is Eat Just? A foodtech pioneer attempting to disrupt not one, but two huge addressable markets, or a “house of cards built on one individual’s ability to separate people from their money?”
The ITC says there is “a reasonable indication” that Chinese companies are dumping subsidized pea protein in the US ‘at less than fair value.’
Foodtech VC funding declined for the sixth consecutive quarter in Q2, 2023, dropping 13.9% vs Q1 and by more than 70% year-over-year, according to PitchBook data.
London-based startup Hoxton Farms has opened a pilot facility to make cultivated fat, the ‘magic ingredient that makes meat smell, brown, sizzle, and taste incredible…’
Entrepreneurship is a “bit like manic depression, without the pills,” say the founders of Israel’s Fresh Start incubator. “You go up and you go down, so you have to have a certain ability to move on through the challenges and frustrations.”
Two or three years ago, investors were throwing bucketloads of cash at foodtech companies, particularly those in alt proteins. Not any more. So what’s changed?
Alt meat startup Meati Foods has embarked on its second round of layoffs in three months but says its confidence in its long-term prospects remains ‘unwavering.’
eGrocery and Cloud Retail Infrastructure continue to lead Latin America agrifoodtech investment, despite the global macro-trends elsewhere.
Eat Just’s GOOD Meat cultivated meat division has been sued by a second engineering firm (CRB) over alleged non-payment of bills.
Eat Just’s GOOD Meat cultivated meat division has not paid its bills on time, according to court filings from bioreactor specialist ABEC, which is suing for breach of contract.
Foodtech incubator and investor The Kitchen Hub is raising a $70m fund and launching The Kitchen Labs, an innovation center for startups.
French fermentation giant Lesaffre has acquired a 10% stake in Yeap, an Israeli startup developing proteins from upcycled yeast.
Is there a market for ‘animal-free’ dairy? Is making it via precision fermentation commercially viable, and how do you talk to consumers about it?
Singapore-based Fattastic Technologies uses encapsulation to make designer fats that mimic the texture, mouthfeel and flavor of animal fat.
Alt protein startup ENOUGH has raised $43.6 m in a series C round led by World Fund CPT Capital to expand its mycoprotein business.
New Culture says it is on track to produce ‘animal-free’ mozzarella at cost parity with its conventional counterpart within three years.
While many alt meat startups are struggling to raise cash, plant-based seafood brand Konscious Foods has just raised a cool $26m.
Beyond Meat CEO Ethan Brown faced a grilling from analysts after posting a grim set of second quarter results and a reduced forecast for the full year.
San Francisco-based plant-based chicken startup Nowadays has ceased operations due to an inability to raise ventures funds in this market,” AgFunderNews has learned.
Smoke & mirrors, not worth the extra cost: 50 US farmers speak out on carbon markets