Packaging made with upcycled waste vegetables

© Anina

Upcycled Food Innovator Anina Announces US$3.3M SAFE Round and Product Launch

Israeli food tech startup Anina announces a US$3.3M SAFE round and the recent launch of its newly developed ready-to-go plant-based meals made with upcycled vegetables. The SAFE round was led by Strauss Group, The Kitchen Hub, Unovis, Unorthodox Ventures, AgFunder VC, Wordcreate Inc., and the Israeli Innovation Authority (IIA). Anat Natan, Meydan Levy, and Esti Brantz founded Anina in 2020 to find new ways to improve efficiency, prevent waste, and reunite consumers with nutritious foods. The company claims it has developed a unique patented technology that forms flexible laminated sheets from fresh upcycled vegetables enabling them to create different shapes and, thus, culinary food art that consumers can add to the experience of eating a quick meal.  Earlier this year, Anina made news when it …

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© Wicked Kitchen/Good Catch

Wicked Kitchen Raises $20M From Investors Including Woody Harrelson

Wicked Kitchen announces today that it has raised $20 million from investors including actor Woody Harrelson, and reports that it has more than tripled its YOY sales growth.   Today’s news comes three weeks after the announcement that Wicked, established by Derek and Chad Sarno, has acquired plant-based seafood company Good Catch — also founded by the Sarno brothers — expanding the company’s multi-category range to include the Good Catch portfolio of frozen and ambient vegan seafood products. New investors include Ahimsa VC of India, NRPT of Thailand (where Wicked is set to introduce 17 products), as well as actor Woody Harrelson. Harrelson, a vegan advocate, invested in Good Catch back in 2020, and also participated in a Series A round for Orange County vegan …

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Very Good Burgers

© The Very Good Food Company

The Very Good Food Company Considers Merger or Acquisition Amid Ongoing Troubles

Canada’s The Very Good Food Company (NASDAQ: VGFC) (TSXV: VERY.V) recently announced a strategic review to evaluate potential alternatives for maximizing shareholder value, including acquisition or merger with an industry partner.  The news follows months of financial uncertainty for the company, which saw the departures of CEO Mitchell Scott and co-founder James Davison in April. That shakeup led to a host of significant changes, including the temporary installation of Nestle exec Matt Hall as Interim CEO, who helped to stabilize the financially struggling company. In June, Very Good announced it had raised $6.5M in a private placement agreement, and soon after Vice President of Operations Parimal Rana was appointed to succeed Hall as the new CEO. In August, however, the company warned it still needed to …

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Project Pollo Vegan Chicken Fingers

©Project Pollo

Former McDonald’s CEO Steve Easterbrook Joins Chik’n Chain Project Pollo as Investor and Advisor

Plant-based chick’n chain Project Pollo revealed it has received a growth investment from former McDonald’s CEO Steve Easterbrook.  Easterbrook is also serving as a direct advisor to the chain as it aims to open 100 locations by the year 2025.  Easterbrook’s investment closed a recent seed round for the brand, reports QSR, which has opened 15 units across Texas in two years. Specializing in vegan chicken sandwiches, Project Pollo has ambitious growth plans and intends to compete directly with top chicken franchise Chick-Fil-A, according to founder and CEO Lucas Bradbury. In the near future, the brand is preparing to open new locations in Boulder, CO, Tempe, AZ and Las Vegas, with plans to enter markets such as Nashville, Atlanta, Tampa and Miami in 2023. Franchise …

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© Bucha Bio

Bucha Bio Closes Oversubscribed $1.1M Round for Sustainable Plant-Based Leather

US-based biomaterials company Bucha Bio has raised $1.1 million in an oversubscribed seed funding round. Bucha will use the funding to accelerate the market launch of its biobased materials made from bacterial nanocellulose. This will include securing co-manufacturers to scale production, making new hires, and constructing state-of-the-art headquarters in Houston. The company is developing two bio-based materials: SHORAI™, which is an alternative to leather; and HIKARI™, a translucent material said to have unique processing capabilities. Bucha also continues to work on new technologies, including biofibres, biopackaging, and hard biocomposites. These materials could be used across various industries, such as fashion, automotive, home goods, electronics, and construction.  Investors in Bucha’s seed round included New Climate Ventures, Lifely VC, Beni VC, Alwyn Capital, and Chris Zarou, CEO …

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Adamo Foods develops steaks made from fungi

Image: Damir Omerović on Unsplash

Adamo Foods Raises $620K For Ultra-Realistic Steaks Made From Fungi

UK-based food tech company Adamo Foods has secured $620,000 to further develop its meat-free steaks made from fungi. The new funding comes from three separate organisations. The first is the UK government’s research and innovation department, Innovate UK, which awarded Adamo one of its highly competitive Smart Grants. Adamo then went on to receive investment from venture capital fund Beeches Group. Finally, the company received further funding after being selected as the winner of the SHAKE Climate Change 2022 competition, which aims to support sustainable food innovations. Adamo produces its clean label steaks from mycelium (the root structure of fungi) using a proprietary fermentation process. Mycelium has a naturally fibrous, muscle-like texture, and is a rich source of protein and fibre. Mycelium-based whole cuts Worldwide, …

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A mushroom burger

© Innomy

Spain’s Innomy Receives €1.3M For Mycelium-Based Meats 

Spanish startup Innomy, dedicated to mushroom-based alternatives to meat, announced it has raised €1.3 million in a Pre Series A funding round to scale, promote and market its products in Europe. Innomy is part of Spain Foodtech startup acceleration program developed by Eatable Adventures in collaboration with ICEX (Spain Export and Investment), CNTA, and Rockstart’s AgriFood program. Innomy is based in Bilbao and was founded in 2021. The team consists of CEO and co-founder Juan Pablo de Giacomi, COO and co-founder Pablo Sánchez Rey, and mycologist CSO Francisco Kuhar. Innomy says it is developing a new generation of healthier, sustainable, and more delicious meat alternatives combining fungi and biotechnology. For years, the startup has been researching mycelium properties and their benefits on people’s health and …

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Mommus cheese

©Mommus

Mommus Becomes First Spanish Vegan Cheesemaker to Receive Investment

Spanish vegan cheesemaker Mommus is to launch in Spanish supermarkets after becoming the first Spanish vegan cheese company to receive investment. As reported today by Valenciano newspaper Alicante Plaza, Mommus has teamed up with the Valencian Dacsa Group to bring its vegan cheeses and spreads to Spanish supermarkets. “The entry of the Valencian group in the capital of Mommus will allow the company to increase its production capacity and expand the distribution network of its product range while becoming the first Spanish vegan cheese company to receive investment,” states the publication. We first reported on Mommus back in 2020 when this artisan cheesemaker from the small town of Elche was named one of the best cheeses in the world. The company’s extensive vegan cheese portfolio …

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TissenBio Farms

© TissenBio Farms

Korea’s TissenBio Farms Raises $1.6M for Alt Meat With Marbling

Korean foodtech startup TissenBio Farms has raised 2.2 billion won ($1.6 million) in its pre-Series A funding round. Using 3D bioprinting, TissenBio produces whole cuts of cultivated and plant-based meat with marbling that replicates animal meat. The startup is a spinoff from Thyssen Biopharmaceuticals, which created the proprietary technology to bioprint organs for transplants but soon recognised its potential for use in the alt meat sector. TissenBio has also created a range of edible bio-inks, which add flavour, texture, and nutritional value to meat alternatives. Costing just $0.33 per 100 grams, the inks are suitable for use on a large scale. TissenBio’s pre-Series A round was led by Envisioning Partners, with further contributions from FuturePlay and Stonebridge Ventures. The startup will use the funding to …

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Blue Farm founders

© Blue Farm

Berlin’s Blue Farm Secures Approx €3M for “Radically Redeveloping” Oat Milk

Berlin-based start-up Blue Farm, producer of award-winning powered oat drinks, announces it has closed a round of funding to the tune of around €3 million. Since its launch in early 2021, Blue Farm has sold enough oat drink powder to create over 750,000 litres of oat drink. The Oat Base Bio was awarded the Vegan Food Award for Best Plant Drink 2022 by PETA. Blue Farm states it is “radically redeveloping milk” with its powdered plant-based products, which include oat bases and oat latte bases. By eliminating water and selling only the fermented plant base, the company is significantly reducing the footprint of oat milk. Blue Farm is able to deliver 8L of plant milk, free of additives, directly to the consumer’s mailbox. The round …

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Lantmännen

Magnus Kagevik, Group President and CEO of Lantmännen © Lantmännen

$91 Million Investment for Pea Protein Facility in Sweden Strengthens Local Production in Northern Europe

The investment of over SEK 1 billion ($91 million) in a new large-scale production facility for pea protein in Sweden strengthens Lantmännen’s leading position in the market for plant-based proteins in the Northern European market. Lantmännen is an agricultural cooperative and Northern Europe’s leader in agriculture, machinery, bioenergy, and food products. Owned by 19,000 Swedish farmers, the cooperative has a yearly revenue of about SEK 48 billion ($4.4 billion). Moreover, the Northern European food leader counts 10,000 employees and is active in more than 20 countries.  The pea proteins will complement Lantmännen’s range of sustainable grain-based proteins from wheat and oats. The new production facility is expected to be completed in early 2026. Large-scale production facility Lantmännen is now starting the detailed design of a …

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Vegan Essentials / PlantX

©Vegan Essentials

PlantX Plans to Acquire 25-Year-Old US Shopping Domain VeganEssentials.com

Digital platform PlantX announces it will acquire the online e-commerce domain www.veganessentials.com and associated intellectual property and assets.  Operating since 1997, Vegan Essentials is known as a “one-stop shopping destination” for plant-based grocery items, household goods and apparel. Stocking over 2,200 products in diverse categories, the US-based website also sells a large selection of plant-based meats and cheeses and offers worldwide shipping. According to the terms of the transaction, PlantX and Veji Holdings Ltd. (CSE: VEJI)(OTC: VEJIF) will acquire veganessentials.com and associated assets for an aggregate purchase price of C$900,000 (US$675,000), to be paid in cash and post-Consolidation Common Shares. The closing is expected to be completed no later than October 15, 2022.  Building the portfolio  “The acquisition is expected to build upon and complement …

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MIcroHarvest creates "world's fastest protein production system"

© MicroHarvest

MicroHarvest Raises €8.5M for “World’s Fastest Protein Production”

German startup MicroHarvest has raised €8.5 million in a Series A funding round led by Astanor Ventures. MicroHarvest has developed a precision fermentation technique that is claimed to be the world’s fastest protein production system. Bacteria are cultivated in a solution, then separated from the water and inactivated before being transformed into the final product. Elegantly simple tech The “elegantly simple” technology can turn raw materials into complete protein products in the space of a single day, compared to the months required for plant or animal-based proteins. Highly nutritious single-cell proteins can be very efficiently produced for use in human food, pet food, and animal feed. The production process can also be scaled in a decentralised way, aiding in the transition towards more sustainable and …

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kaleunited logo

©Kale United

General Public is Invited to Participate in €4M Kale United Round

The Swedish holding company Kale United invites the general public to a €4M round to expand investment opportunities in sustainable plant-based businesses.  According to Kale United, the current invitation to acquire shares coincides with a 1.8 million euro investment from institutional investors. UK-based IP Group, dedicated to evolving great ideas into world-changing businesses, is among the larger investors in this round. The financial advisor Pepins will manage the public round, and retail investors are welcome to acquire new shares valued at €2.3M. The share price will be 24.9 euros with a minimum tradable lot of ten shares, announced Kale United. “Meat and dairy represent about one-third of the world’s climate challenges. That’s why we’re inspired by Kale United’s business and its ambition of lowering thresholds …

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RIP Foods

©RIP Foods

RIP Foods Secures €625K to Accelerate Growth in Spanish Food Service

The Spanish plant-based meat startup RIP Foods recently announced it has closed a €625K pre-seed funding round led by Ship2B Ventures.  The funds will increase restaurant sales and double the company’s team to 20 employees by the end of the year. Launching products for retail and closing deals with major supermarkets are also among the company’s plans. RIP (Rich in Plants) was founded in 2021 in Barcelona. It is focused on developing plant-based chicken alternatives for the HORECA channel (foodservice). In January 2022, RIP launched two vegan chicken gyozas flavours, using its Meatrix formula, which it claims encapsulates fats and mimics meat to perfection. RIP’s CEO and Founder Kevin Forssmann commented on the raised funds: “We are very excited about the closing of this funding round due …

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