The AgFunderNews team’s favorite stories of 2024
December 26, 2024
From the XPRIZE ‘no prize’ debacle to the Israeli agrifoodtech funding scene, here are the articles we enjoyed covering the most this year.
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Tag: alternative protein
New Culture: We can deliver ‘fully functional’ animal-free mozzarella with 50% less casein than dairy
December 17, 2024
“With this reduction we’ve hit an essential milestone on our path to achieving cost parity with conventional mozzarella and reaching positive net margins,” claims CEO Matt Gibson.
Brief: Meati settles false advertising lawsuit over ‘mushroom root’ claims
December 12, 2024
The firm did not provide any details of the settlement, but confirmed the case—which mirrors a class action filed in 2016 vs Quorn Foods—has been voluntarily dismissed.
Guest article: When minimum isn’t viable – the case against MVP in foodtech and beyond
December 10, 2024
While the concept of minimal viable product (MVP) has proven its value in software, it doesn’t translate so well into food Unlike software, a food product cannot be “patched” once it hits shelves…
🎥Biomass fermentation in focus at MISTA growth hack: ‘The food of the future is going to be manufactured in a tank’
November 26, 2024
“When we think about a decentralized food system, which we have to move to, this technology is going to be a major unlock,” says MISTA founder Scott May.
XPRIZE ‘Feed the next billion’ finalists learn there is no $10m grand prize: ‘It feels dishonest’
November 25, 2024
It is “clearly communicated to all competitors in our documentations that awards are not guaranteed,” says XPRIZE. “This is not the first time a winner has not been identified by our judges.”
‘A huge milestone…’ Alpine Bio harvests first large-scale crop of soybeans containing casein proteins
November 25, 2024
“This is the culmination of seven years of R&D to get expression levels to a point where the science and the economics make sense,” says founder and CEO Magi Richani.
Impossible Foods’ heme protein is safe, says EFSA GMO panel
November 15, 2024
Opinion is a key milestone on the way to making Impossible Foods’ flagship products available in the EU, pending final approval by the European Commission and EU Member States, says the firm.
NotCo CTO: ‘Within three years, the bulk of our revenue will be from the b2b business. From design, we are an AI company’
November 13, 2024
“It’s not just about plant-based, it’s about coming up with elevated products in every category,” says CTO Dr. Karim Pichara.
SuperMeat offers ‘glimpse into a future where cultivated meat can be produced at scale’ for $11.79/lb
November 7, 2024
“Our new report provides proof that with the right technology there is a commercially viable path to market” for cultivated meat, claims SuperMeat CEO Ido Savir.
Beyond Meat returns to growth, plans to boost the balance sheet before year end
November 6, 2024
Beyond Meat returned to growth in the third quarter, posting a 7.6% year-over-year rise in net sales to $81 million driven by lower trade discounts and targeted price increases.
Under six months of runway and no term sheet? SCiFi Foods’ guide to a ‘graceful exit’
October 29, 2024
“We’re at the precipice of a mass startup extinction,” warn the founders of now-defunct cultivated meat firm SCiFi Foods. But you can plan for a “graceful exit.”
Chunk Foods makes US retail debut with plant-based steaks
October 25, 2024
The Israeli startup is launching its plant-based whole cuts in the US retail market at independent retailers in Los Angeles and New York City and eyeing an e-commerce launch before the end of the year.
Israel-Gaza conflict not “the whole story” behind plunge in agrifoodtech funding
October 23, 2024
Israel-based agrifoodtech startups have closed just 17 funding rounds since the start of the conflict. Raising some $161 million since October 7, 2023, the total is a 72% drop on the same period the year before, and some 73% fewer deals.
Plant-based meat, US retail: Refrigerated remains in freefall, frozen starting to plateau
October 23, 2024
US retail sales of refrigerated alt meat fell 22.8% year-over-year in September, while sales of frozen products fell just 1.3% over the same period, according to new data from Circana.
🎥 Heura CEO: ‘We can transform ultra-processed foods into highly nutritious options’
October 18, 2024
Barcelona-based Heura made its name selling alt meat but has since developed novel texturizing technology that can be applied to everything from cheese to pasta.
🎥Enifer ramps up mycoprotein production: ‘We use side stream raw materials rather than dextrose as feedstocks’
October 15, 2024
“We use side stream raw materials rather than dextrose as feedstocks, and our product doesn’t go through the cold chain,” says Enifer cofounder Simo Ellilä.
🎥 ENOUGH CEO on a ‘hard 12 months’ scaling up mycoprotein production, buoyed by ‘stunning interest’ from Big Meat
October 11, 2024
“For me, supply is the absolute constraint in this [mycoprotein] market right now,” says ENOUGH CEO Jim Laird.
🎥Cultivated meat: ‘There’s a valley of death we’re not going to cross without a massive infusion of public investment’
October 8, 2024
At Mosa Meat, says VP global public affairs Robert Jones, “We tightened our belts, we went back to the drawing board on the long-term strategic plan and got more focused.”
Global demand for seafood is soaring but how well funded are aquatic food tech startups?
October 1, 2024
Global demand for seafood is set to soar in the coming years, yet in the first half of 2024 funding was down 40% compared to the first half of 2023.
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