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.
The US company’s forthcoming “mega Ranch” facility is expected to produce tens of millions of pounds of mushroom root meat analogues annually.
Yeap Proteins is using yeast recovered from industrial sidestreams to produce a complete protein ingredient.
The Israeli startup’s total seed funding now stands at $28 million.
The New Zealand startup just closed its pre-seed round.
F&A Next 2022 is taking place in Wageningen, the Netherlands, and online next week. AFN readers can get a discount on last-minute tickets.
Innovative Food was 2021’s most active agrifoodtech investment category, driven by mega-deals for the likes of Impossible Foods and Perfect Day.
The Coloradan startup claims its mycelium-based fermentation tech can enhance the flavor, functionality, and nutritional profile of plant-based meat analogs.
Xi said that China “should shift our focus from farmland only” and use biotechnology to “obtain calories and protein from plants, animals, and microorganisms.”
Helaina’s breastmilk alternative, made using precision fermentation, is a step up from formula and offers the same proteins found in human breastmilk.
The Mushroom Meat Co.’s CEO explains the ups and downs of starting (and growing) a clean-label protein company in today’s crowded industry.
The Swedish biotech company will take its mycelium-based protein ingredient from prototype stage to commercial-scale production by 2023.
Latin America and the Middle East also saw their respective shares of global alt-protein funding increase year-on-year.
The firm has made the first close of its $15 million maiden fund, which it claims is the first to exclusively back Asia Pacific alt-protein startups.
The San Francisco precision fermentation company will scale up its process for brewing animal-free egg proteins and other high-functioning ingredients.
The Myco-Protein Innovation Call is focused on scaling the use of fungi as a protein source.
“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.
The Asia Sustainable Foods Platform will co-invest $22.2 million alongside Singapore’s national R&D agency into the new Food Tech Innovation Center.
It’ll use the Series A capital to hire talent and build an in-house facility to create larger quantities of its ingredients for food manufacturers.
