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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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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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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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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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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Mr. Veggy Sausages in Brazil

©Mr. Veggy

Grano Foods Acquires Mr. Veggy to Popularize Plant-Based Meat in Brazil

Frozen vegetable company Grano has acquired Mr. Veggy, a leading provider of plant-based meats in Brazil, for an undisclosed amount, reports Estadao. Grano says it aims to popularize alt-proteins in the region by making them more affordable and easier to consume outside the home.  Founded in 2004, Mr. Veggy produces a frozen line of flavored burgers, sausages, kibbeh and more. Through the acquisition, Grano expects to more than double its …

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TheUntappedClimateOp_report Blue Horizon

© Blue Horizon

Bjoern Witte on Latest Blue Horizon Report: “The Positive Impact is Absolutely Massive”

The second part of the latest research from Blue Horizon and BCG, following the first instalment last month, finds that consumers are embracing alternative proteins and that protein transformation is one of the best tools available to combat the climate crisis. The study, titled ‘The Untapped Climate Opportunity In Alternative Proteins’, finds that almost a third of consumers would switch their diets to alternative proteins if doing so would have …

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Chris Smalling, Partner at ForGood

© ForGood

The Vurger Co Receives Investment From Chris Smalling’s VC Fund ForGood

Following a successful year which saw the opening of its largest ever restaurant location and expansion into new retailers, The Vurger Co has received funding from footballer Chris Smalling and his climate-focused VC consultancy, ForGood. The plant-based burger brand said it was “thrilled” to partner with Smalling and ForGood, which was founded last year in collaboration with Sebastiano Cossia Castiglioni, an early backer of The Vurger, and Rebecca Wheeler. “We …

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Sudo Foods founders

Co-Founders Sadhika Agarwal & Abhinav Chawla. © Sudo Foods

India’s Sudo Foods Raises Seed Funding From Prominent Lineup of Investors

 Just a few weeks after its launch, India’s Sudo Foods has completed a successful seed round. The startup raised funding from Java Capital and Betaplus Capital, along with angel investors Ravi Saxena, Deep Bajaj, and Ajay Garg. Sudo is an alt-meat brand founded by former investment bankers Abhinav Chawla and Sadhika Agarwal. The startup says it will significantly expand its team following the funding round, hiring experts in foodtech, food …

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Insempra invests in Solena Materials

Image: Jens Klein on LinkedIn

Insempra Invests in Bio-Based Clothing Fibre Producer Solena Materials

Biotech firm Insempra has announced a strategic investment in Solena Materials, a producer of synthetic proteins for high-performance clothing fibers. Solena is a spinoff from Imperial College London and uses computational design to develop new proteins. The investment from Insempra will accelerate this development and make it possible to produce the proteins on an industrial scale. The aim is to create alternatives to both non-biodegradable petrochemically-derived textiles and animal-derived materials …

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Team of business professionals having a meeting

© Jacob Lund - stock.adobe.com

GlassWall Syndicate and GFI Launch Emerging Growth Consortium – First Network for Later Stage Investors

GlassWall Syndicate (GWS), the world’s largest network of plant-based and cultivated meat investors, is launching the Emerging Growth Consortium – a first-of-its-kind investor group for later-stage institutional investors. Created with knowledge partner The Good Food Institute (GFI), the consortium will provide Series B and beyond investors with a formal network that specifically caters to their needs, and increases investor capacity to support this thriving sector.  According to GWS, it can …

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© McDonalds

Former McDonalds CEO Steve Easterbrook Invests in Clean Kitchen Club

Steve Easterbrook, the British-born former CEO of McDonalds, has invested in London-based vegan quick-service restaurant chain Clean Kitchen Club. The sum invested has not been disclosed. Founded by Made in Chelsea star Verity Bowditch and former YouTuber Mikey Pearce, Clean Kitchen Club initially set up shop as a dark kitchen during the pandemic in 2020. By the end of 2021, the chain already had five sites across London, offering mainly …

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Big Mountain Foods

©Big Mountain Foods

Big Mountain Foods Receives $1.4M From Canadian Gov’t to Expand, Launch New Chickpea Tofu

Big Mountain Foods, a plant-based foods manufacturer, has received over $1.4M in Canadian federal funding to increase production capacity of its locally-sourced, whole-food alternative proteins. The company says the funds will also help commercialize a new soy-free, chickpea-based tofu.  The investment is part of the AgriInnovate Program, an initiative to support increasing the competitiveness and sustainability of Canadian agri-business. With the new funding, Big Mountain plans to add custom, automated …

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