The agrifoodtech ecosystem in Colombia is at a key stage of transformation, says Mila Valcárcel at agrifoodtech accelerator Eatable Adventures.
Spanish startup MOA Foodtech has built an AI-powered biomass fermentation platform to transform byproducts from the food industry into high value ingredients.
Unsurprisingly, the challenging funding environment was top of mind for many founders, but it’s not the only thing disturbing their sleep…
Unsurprisingly, AI was top of mind for many founders, but it’s not the only thing on their list…
One Bio has patented technology to chop up polysaccharides from agricultural waste into “odorless, colorless, and tasteless” oligosaccharides to bridge the fiber gap.
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In 2024 Asia-Pacific agrifoodtech startups have shown resilience against global market headwinds, securing $4.2 billion in funding and 31% of the global investment in the sector this year.
Shiru is “building a comprehensive platform that will revolutionize ingredient discovery across multiple molecular classes,” claims founder and CEO Dr. Jasmin Hume.
A resounding win for Donald Trump in the US election is prompting enthusiasm in some quarters of the food industry and intense anxiety in others.
“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.
Brands and retailers submitted $200 million of manufacturing projects on Keychain in the last month alone, says cofounder Oisin Hanrahan.
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-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.
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.
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.”
Eventually, says Andrew Ive at Big Idea Ventures, “It all shakes out and the less smart money decides to go chase the next opportunity. So we had foodtech, we had crypto, and now we have AI…”
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.
“These guys have looked at mixing and asked the question: could we do it in a fundamentally different way? And they’ve come up with a solution that is just so disruptive,” says Mondelēz International R&D chief Dr. Ian Noble.
The capital injection will be used to support entry into new markets, expand the product portfolio, scale production, and accelerate R&D.
The firm, which raised a $226m series B round in 2021 when money was cheap and interest in alt proteins was sky-high, has since struggled to navigate a more challenging environment, with investor sentiment souring on meat alternatives amid declining retail sales.
