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Top Stories of the Vegan Business World

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Alt-Seafood Sales Surge by 23% as Companies Raise $116M in Six Months

Good Catch X PLNT
A new report by GFI has found that alt-seafood sales in the US grew by 23% in 2020 compared to the previous year. The figure rose from $10 million in 2019 to $12 million in 2020.

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Born Maverick Develops Prototype For Vegan Shrimps and Scallops Made With Seaweed

Born Maverick
Northern Irish startup Born Maverick is attracting interest from a range of multinational food companies after developing numerous plant-based products that will help reduce carbon emissions from animal agriculture.

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BlueNalu's Agreement to Bring Cell-Based Seafood to Europe: The GFI Responds

BlueNalu's whole-muscle, cell-cultured yellowtail prepared in a poke bowl
As we reported earlier today, Cellular aquaculture specialist BlueNalu has announced an agreement with Europe's leading frozen foods supplier, Nomad Foods, in the first-ever agreement in Europe between a CPG company and a cell-cultured seafood company. "This is a huge moment for the future of our oceans." In light of this landmark in the progress and development of alternative seafood, Carlotte Lucas, …

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Spike Mendelsohn to Open First of Several PLNT Burger Locations in New York City

Spike Mendelsohn
Celebrity chef Spike Mendelsohn has announced a new location for his vegan restaurant chain PLNT Burger in Union Square, New York City. It is set to open later this autumn.

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Japan's Spiber Reels in $312M For Vegan Spider Silk Facility in USA, Plans IPO

Japan's Spiber Reels in $312M For Vegan Spider Silk Facility in USA, Plans IPO
Japanese biotech company Spiber has raised a huge $312 million in a funding round led by private equity firm Carlyle. Fund managers Fidelity and Baillie Gifford also contributed to the round.

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Cultured Cheese Producer Formo Secures a Record-Breaking $50M in Series A

Formo
Alt dairy startup Formo has completed a $50 million Series A funding round - a record for a European foodtech. Berlin-based Formo uses precision fermentation to create nature-identical dairy products without cows. "Our excellent investor setup paired with our team of interdisciplinary experts makes us uniquely positioned to define the new gold standard of cheese" The startup will use the …

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BlueNalu to Bring Cell-Cultured Seafood to Europe With Nomad Foods, Owner of Bird's Eye & Findus

Close up of BlueNalu's whole-muscle, cell-cultured yellowtail, beer-battered and deep-fried for fish tacos
Europe's leading frozen foods supplier, Nomad Foods, whose portfolio includes Birds Eye, Findus and iglo, announces a collaboration with cultured seafood pioneer BlueNalu, marking the first agreement in Europe between a CPG company and a cell-cultured seafood company. In January of this year, BlueNalu secured $60 million in the largest financing to date in the cell-based seafood industry worldwide. In April, the …

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