Meet the GROWhort: MYCL posits mycelium as material of the future
MYCL took tempeh as inspiration for its mycelium-based leather alternative, which uses two-thirds less water than the conventional cow-derived material.
MYCL took tempeh as inspiration for its mycelium-based leather alternative, which uses two-thirds less water than the conventional cow-derived material.
Fashion designer Stella McCartney is helping launch a climate-focused fund and alt-protein heavyweight Eat Just raised capital to expand in China.
Both plant-based and cultivated meats are marked as areas for R&D in China’s Five-Year Plan that sets economic goals for the country.
War, climatic events, and supply chain strains are putting millions of tons of grain and roughly 1.4 billion people in vulnerable countries at risk.
Bolt Threads leads the category, followed by several other startups developing biomaterials to replace animal- and petroleum-based fabrics.
The Australian startup has developed an AI-powered platform that can identify, pick, and pack different types of fresh fruits and vegetables.
Layoffs, cuts, and reorganizations continue across the foodtech industry, especially for restaurant-related businesses like Sweetgreen and Deliveroo.
Farmley, India’s dried fruit and nuts marketplace, secured $6m in Series A funding led by DSG Consumer Partners and Alkemi Growth Capital
Eat Just secured world-first regulatory approval in Singapore for its GOOD Meat cultivated chicken back in December 2020.
The Netherlands-based animal and fish feed producer has acquired close to 94% in Indian aquatech company Eruvaka as impact fund Omnivore and Eruvaka team exit.
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.
Canadian indoor farming company Fieldless Farms raised Series A funding and MycoWorks debuted hats made from mushroom roots.
The startup provides automation software, connected hardware devices, and an e-commerce platform to create efficiencies for the local industry.
While foodtech startups feel the crunch of the current downturn, fundraising in agtech and alternative protein keeps coming.
The tech-enabled parks are a joint project between India, Israel, the UAE, and the US.
Also: Israeli foodtech startup Phytolon landed $14.5 million, and two food delivery firms were raided by EU authorities over antitrust concerns.
Group CEO Manuel Bossi talks Asia plant-based opportunities, economic headwinds, and the pros and cons of family business setups.
Elsewhere, e-grocer Ocado raised $700 million from the public markets.
The Abu Dhabi-based startup said it will use the funding to expand its presence in the Middle East, Southeast Asia, and South Korea.
France’s HappyVore secured nearly $40 million to open a facility for plant-based meat while cereal giant Kellogg split into three independent companies.