Davai Dumplings team

© Davai Dumplings

Ter Beke Invests Half a Million Euros in Davai Dumplings

Davai Dumplings of Belgium announces it has entered into a strategic partnership with food group Ter Beke. The deal involves an investment of more than 500,000 euros for the young brand’s frozen vegan dumplings. Davai reports to vegconomist that Ter Beke is looking to diversify its portfolio and move into plant-based and the news represents the group’s first ever startup investment. Success for the young founders The Ghent-based startup was …

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© Happy Viking

Venus Williams-Founded Happy Viking Raises $2M From World’s Top Athletes

Superfood nutrition brand Happy Viking, founded by tennis star Venus Williams, recently announced the completion of a $2 million investment round backed by some of the world’s top athletes. Superfood nutrition brand for athletes Williams, who adopted a plant-based diet herself in 2011 following a health crisis, founded the superfood brand in collaboration with beverage company Dyla Brands to help increase the health and performance of fitness enthusiasts and athletes. …

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market expansion Karana

©Karana

Real Tech Holdings Joins KARANA’s Seed Extension Round to Support Market Expansion

Japanese venture firm Real Tech Holdings has completed an investment in Singapore-headquartered whole-food plant-based meat brand KARANA. The Real Tech investment is the latest tranche in KARANA’s seed extension round and aims to support the company’s market expansion. Real Tech Holdings has invested in KARANA through its Global Fund, the principal goal of which is to build an ecosystem to support deep tech startups in South East Asia. In July …

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GOOD Meat Largest Cultivated Meat Facility

©Eat Just

Eat Just Receives $25M For China Expansion From Alibaba-Linked C2

Eat Just announced a $25 million investment and strategic partnership with Alibaba Group-linked private equity firm C2 Capital Partners (C2). The funding is set to support Eat Just’s expansion plans in China and follows the inclusion of cultivated meat in China’s Five-Year Agricultural Plan. C2 was founded in 2018 to offer operational assistance and expansion funding to businesses looking to expand in China. The Alibaba Group is the company’s principal …

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Upside Foods

©UPSIDE Foods

Food Tech Funding Declines 21.5% in Q2, Compared to Only 9% for Alt-Proteins

In the second quarter of 2022, total VC funding for the food tech sector experienced a 23% decline from Q1, says a new report by Pitchbook, with total deal values dropping from $6.9Bn to $5.6Bn. Funding for alternative proteins, however, declined by only 9% over the same time period, suggesting the industry’s resilience and stability in the face of uncertain and rapidly changing economic conditions.  Demonstrating strength According to the …

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Former Hyundai Spin-off Mycel Raises $10M For Mycelium Biomaterials

South Korean fungi biomaterials startup Mycel, originally a spin-off of the Hyundai Motor Group, recently announced the completion of its $10 million pre-Series A funding round to commercialise its mycelium-based leather alternative in 2023. Mycel is utilising mycelium to create leather alternatives that may be used in automobile seats, high-end cosmetics, and fashion items like shoes, garments, and bags. The company’s website states its “mission is to stimulate the diverse …

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hooked foods enters european markets

© Hooked Foods

Hooked Foods in €10M Series A Round to Realise Expansion Plans for 2023

Swedish alt seafood startup Hooked Foods is mid-way through a Series A round, due to close in October, to expedite expansion across European markets in 2023. Founded in 2019 and a graduate of the ProVeg Incubator, Hooked is aiming to become a European leader in plant-based seafood to help combat overfishing, bycatch, and the intake of microplastics and toxins frequently found in fish. Prior to the Series A, Hooked secured …

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Lavva Original Yogurt

©Lavva

Lavva Plant-Based Yogurt Acquired by Next in Natural, Names Jeff Lichtenstein as New CEO

Dairy-free yogurt brand Lavva announces it has been acquired by its lead operating partner, Next in Natural, a New York-based business development studio. Through the partnership, Lavva is also appointing Jeff Lichtenstein as its new CEO, and adding several strategic investors to its team.  According to Lavva, Lichtenstein brings extensive experience in launching and scaling national CPG brands in the natural category. As the founder and CEO of Gourmet Guru (acquired …

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tuna sushi by Impact food

© Impact Food

Impact Food Secures $500K to Help Prevent Collapse of Wild Tuna Species

Impact Food, a plant-based seafood start-up based in California, recently closed its strategic angel & VC round of $500,000 to help prevent the collapse of wild tuna species through a scalable food technology platform for seafood. Impact Food, the food technology company developing novel plant-based seafood, is backed by Future Food Fund, Serpentine Ventures, Ahimsa Foundation, and others. In total, Impact secured $500,000 in strategic angel & VC funding, of …

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Stella McCartney launches sustainability fund

© Stella McCartney

Stella McCartney Helps to Launch $200M Sustainability Fund

Stella McCartney has joined forces with venture capital firm Collaborative Fund to launch a sustainability fund worth $200 million. Known as the SOS fund, it is aimed at “cleaner businesses, founders and sustainable solutions”. This includes companies in the fields of decarbonisation, food and agriculture, and materials solutions. Those at Series A or B level will be the main focus. Bolt Threads partnership According to McCartney, the SOS fund has …

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Novel Farms Cultivated Pork Loin

©Novel Farms

Novel Farms Raises $1.4M in Pre-Seed Round for First Marbled Cultivated Pork Loin

Novel Farms, a food technology startup, announces a $1.4M pre-seed funding round and reveals it has created the world’s first marbled cultivated pork loin. According to the startup, its loin showcases the marbling and texture of a real muscle cut, making it one of the few cell-based meat companies to successfully create a structured meat prototype.  Founded in 2020 by Nieves Martinez Marshall, PhD and Michelle Lu, PhD, the company …

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Iceland's Loki Foods develops plant-based cod

© Loki Foods

Iceland’s Loki Foods Raises $650K for Whole Cut Plant-Based Cod

Iceland’s Loki Foods has raised $650,000 in its pre-seed funding round. Investors in the round included Sustainable Food Ventures, Kale United, VegInvest, and Lifely VC, among others. The alt-seafood producer, which claims to be the first of its kind in Iceland, will use the funding to further develop its plant-based Atlantic cod fillet. Loki Foods describes the white fish alternative as “plant-based cod that cooks like cod”, adding that it …

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Oatside lifestyle shot breakfast table

© OATSIDE

Ex CFO of Heinz Indonesia Secures $65.6M for OATSIDE, Singapore’s First Oat Milk Brand

According to filings made to Singapore’s Accounting and Corporate Regulatory Authority (ACRA), Singapore’s first oat milk brand OATSIDE has secured $65.6 million in a Series A funding round co-led by Temasek Holdings and GGV Capital, intending to “lead the shift to more sustainable foods” across the continent. Founder and CEO Benedict Lim, formerly the Chief Financial Officer at Kraft Heinz Indonesia, began experimenting with oat extraction methods during the pandemic …

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Beyond Burger 3.0

©Beyond Meat

Beyond Meat Posts Second-Largest Net Revenue in Q2, But Missed Earnings Lead to Layoffs and Cutbacks

On Thursday, plant protein leader Beyond Meat (NASDAQ: BYND) reported its 2nd quarter results for 2022, and the company’s missed earnings have led to some layoffs and lowered revenue prospects amid ongoing economic turbulence. Net revenues for Q2 in 2022 were $147.0 million, a decrease of 1.6% year-over-year. The company posted a gross profit loss of $6.2 million, or a gross margin of -4.2% of net revenues. Beyond also decreased …

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cultivated milk

© AllGFoods

All G Foods Raises $25M to Make Cultivated Milk “Cheaper to Buy Than Cow-Based Dairy”

Australian startup All G Foods just raised $25 million from Agronomics to accelerate the manufacture of its milk substitute and undercut the prices of conventional milk sold on the market. The $25 million investment, of which $15 million has been contributed by cellular agriculture investment firm Agronomics through a UK-listed corporation and another $10 million through a linked investment vehicle, is claimed to be the first component of a broader …

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