Swiss startup Impossible Materials has raised $3.8m in seed funding to help commercialize its first product, a cellulose-based alternative to titanium dioxide, a white pigment recently banned in the EU for use in foods.
Indoor mushroom startup Smallhold expanded thanks to a retail partnership with Sprouts, while reservations platform OpenTable partnered with ChatGTP.
Danish startup Agreena aims to help farmers build a meaningful revenue stream by implementing, tracking and measuring regenerative farming practices.
While global foodtech investment declined in 2022, foodtech investment in Spain increased 9.3%, says the founder of Madrid-based foodtech accelerator Eatable Adventures.
Oatly raised $425m as it “moves towards reaching financial self-sufficiency,” cultivated meat startup Fork & Good opened a pilot plant in New Jersey, and Klimato secured €4.2 million ($4.5 million) to expand its platform to help restaurants report the carbon footprints of their cuisine.
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 Global Impact Investing Network (GIIN) has launched a new tool for agriculture impact investment funds to measure the impact of their investments against others.
Cocoon Bioscience will grow its high-value proteins business, which includes developing recombinant growth factors for cultivated meat.
Immi raised funds for plant-based ramen while Bayer & Microsoft launched new data tools.
The #1 priority for new trade association Food Fermentation Europe is helping startups navigate the regulatory pathway for approving novel foods in the EU: a lengthy and uncertain process that right now, they argue, is “completely unclear.”
Speakers at this year’s Indoor Ag-Con offered the indoor farming industry insights, predictions and some major reality checks about the future.
Companies including Bushel, Topcon and Afresh Technologies, launched new tools; Umami Meats & Triplebar collaborate on cultivated fish.
UK’s Hectare nets $20m Series A to strengthen its Software-as-a-Service (SaaS)offering, boost product development and expand into new international markets.
Impossible Foods and others are cutting staff, while Finland approves the term “burger patty” for plant-based meat marketing.
Reeiwld says users its database of over 2 million products allows users to view a product’s carbon score and track their daily carbon calories.
Funga is “rewilding” forest microbiome to grow more trees and McDonald’s & Beyond Meat test a new plant-based product in Germany.
Arkeon claims that ingredients are a bottleneck in the alternative proteins and is out to produce ingredients combined with vital amino acids.
“I don’t know many companies who are really talking about the ethics of their supply chain in the plant-based world, other than the animal ethics part… I’m talking about the human ethics part of things and fair labor.”
Chipotle tests robotic makelines in its restaurants and Barcelona follows other European cities banning dark stores for quick commerce.
A new Inmarsat report notes “improved environmental outcomes” including water conservation from leveraging satellite IoT tools for agriculture.
