cultivated foie gras

© Gourmey

France’s Gourmey Raises €48M to Build Cultivated Foie Gras Facility

French startup Gourmey has secured €48 million in Series A funding to further develop its cultivated foie gras. The round was led by Earlybird Venture Capital, with participation from others including Keen Venture Partners, Omnes Capital, and Discovery. The company will use the funding to open a 46,000-square-foot R&D and production site in Paris, which will be the largest cultivated meat facility in Europe. Additionally, Gourmey plans to significantly expand its team. While the initial focus is on foie gras, Gourmey eventually plans to use its technology to produce other kinds of cultivated poultry meat. Ethical foie gras Many consumers, even those who are not vegetarian or vegan, avoid conventional foie gras due to its association with animal cruelty. In some countries, such as the …

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Denise Woodward

©Partake Foods

Celebrity-Backed Partake Foods Raises $11.5M For Allergy Friendly Vegan Snacks

Allergy-friendly vegan snacks brand Partake Foods announces it has raised $11.5 million in its latest financing round. Partake Food was founded in 2016 by former Coca-Cola national director Denise Woodard after her daughter was diagnosed with multiple food allergies. Today, the brand is famous for its allergen-free vegan cookies and breakfast mixes for pancakes and waffles.  Celebrity backers In the last few years, the company has been all over vegan newsfeeds with funding rounds led by black celebrities. In 2020, rap star Jay Z and his venture company Marcy Venture Partners led a $1M seed round for Partake after previously investing in 2019, and Grammy Award-winning performer H.E.R., as well as pop star Rihanna, have also participated in previous rounds. To date, the brand has …

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© Plan(e)t Foods

Plan(e)t Foods Raises €400K For “World’s First” Vegan & Carbon Negative Ice Cream

Plan(e)t Foods, which claims firstly to be the first vegan startup ever launched in Greece, and secondly to have developed the world’s first vegan and carbon-negative ice cream, has raised €400K in its first funding round led by Greek angel investors.  Founded in 2021 by Greg Bograkos, Plan(e)t Foods’ portfolio is currently available in more than 500 outlets across Greece. “In under 18 months of operations, we are already distributing our plant-based – and indistinguishable from dairy – ice cream through all major supermarket chains in Greece, currently available in 500+ stores,” says Bograkos. The new funds will be used to increase the company’s domestic presence through expansion into the supermarket channel. “We are proud of our impressive unit economics and growth (on track for …

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Roquette acquires Crest Cellulose

© Roquette

Roquette Acquires Crest Cellulose to Meet Rising Demand for Plant-Based Excipients

Roquette has fully acquired Crest Cellulose, an Indian producer of excipients for the pharmaceutical and nutraceutical industries. Roquette purchased a majority share in Crest in 2018, and hopes that the recent acquisition will allow it to meet rising demand for plant-based excipients. After becoming a Roquette subsidiary, Crest will help to provide premium quality and pharmacopoeia-compliant solutions to its parent company’s customers. Animal-free excipients currently manufactured by Crest include MICROCEL™ microcrystalline cellulose and Roquette Magnesium Stearate. The acquisition will significantly expand Roquette’s capabilities, allowing it to supply customers throughout India, Asia, and further afield. Plant-based medications With a huge proportion of medications containing ingredients of animal origin, a few companies are working to develop alternatives. Earlier this year, axunio launched the world’s first Vegan Society-certified …

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© Gaia's Farming Co.

© Gaia's Farming Co.

Gaia’s Farming Co. Raises £550K for Sustainable Hemp M*lk

UK hemp milk producer Gaia’s Farming Co. has raised £500,000 in seed funding. The raise follows a £200,000 pre-seed round last year. The investors in the round were not disclosed. Gaia says it will use the funding to “keep building and keep innovating in the hemp space”, with a particular emphasis on expanding its team. The company has also recently partnered with Pledge 1%, a global movement encouraging companies to donate a proportion of their staff time, product, and/or profit to a charity of their choice. Gaia will be pledging 1% of both its sales and its time. Gaia’s hemp milk Hemp is considered highly sustainable as it captures four times more carbon dioxide than trees, while its strong roots help to replenish nutrients in …

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Packaging made with upcycled waste vegetables

© Anina

Upcycled Food Innovator Anina Launches Line of Ready Meals

Israeli food tech startup Anina announces the launch of its newly developed ready-to-go plant-based meals made with upcycled vegetables. The 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 announced the development of its plant-based ready meals …

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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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© 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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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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