MycoWorks Raises $125 Million to Mass Produce Mushroom Leather

©MycoWorks

MycoWorks Raises $125M in Series C to Mass Produce Mushroom Leather

MycoWorks, a San Francisco-based biomaterials company, announces the startup has raised $125 million to open a full-scale mushroom leather production plant.  MycoWorks’ Fine Mycelium is a proprietary biotechnology platform that transforms mycelium – the underground root structure of fungi – into materials that rival animal-based leathers in look, feel, aesthetics and performance. The Fine Mycelium process can engineer mycelium to grow made-to-specification fabrics, including its flagship product Reishi, in a fully controlled and uniform process. Surpassing milestones Based in Union County, SC, MycoWorks’ new facility is modeled on the company’s semi-automated plant in Emeryville, SC, which successfully achieved high production yields within target costs and surpassed a production milestone of 10,000 trays in one year. The new facility is scheduled to begin operating within a …

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remilk cheese

©Remilk

Dairy-Identical Protein Producer Remilk Raises $120 Million in Oversubscribed Round

Remilk raises $120 million as part of its mission to “reimagine the dairy industry”. Israeli startup Remilk, which is developing cultivated milk proteins without the cow, has raised $120 million in an oversubscribed Series B funding round. The round was led by Hanaco Ventures, with participation from Precision Capital, Rage Capital, CPT Capital, and more. Remilk says it will use the funding to scale production of its dairy-identical proteins, so that manufacturers can begin using them in products such as cheese and ice cream. Remilk produces its animal-free proteins using a scalable yeast-based fermentation process. According to the company, the process requires just 1% of the land, 4% of the greenhouse gas emissions, and 5% of the water of producing the equivalent dairy proteins. “Liberating …

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Cauldron Foods founder

©Cauldron Foods

Cauldron Foods Goes Carbon Neutral Across Full Range Following £3M Investment

As part of a £3 million investment and a full packaging and brand relaunch, British heritage plant-based brand Cauldron Foods has announced its new carbon-neutral certification. According to the company, Cauldron will be the first UK meat-free brand to achieve carbon neutrality for its entire range of products from January 2022. Working with ClimatePartner, Cauldron Foods is committing to several measures to avoid, reduce and offset emissions. The latter will be achieved via certified carbon offsetting projects to attain complete carbon neutral certified status. The move comes alongside a full packaging and range relaunch for the Monde Nissin-backed brand. Cauldron has also announced the renewal of its official sponsorship of Veganuary in 2022 with the brand having enjoyed a 2021 of continued success and growth. …

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Mr. & Mrs. Watson

© Mr. & Mrs. Watson

Dutch Vegan Cheese Producer and Restaurant Mr. & Mrs. Watson Raises €700,000

Dutch vegan food-tech company Mr. & Mrs. Watson has raised €700,000 in its seed funding round. The company is known for its selection of vegan cheeses, as well as its Amsterdam-based restaurant. Mr. & Mrs. Watson says it will use the funding to scale up its cheese facility, develop new products to be sold internationally, and further expand the brand. The company is currently developing a melting cheese to be launched in the first half of this year. The brand’s vegan cheese selection currently includes aged camembert, pepperjack, parmesan, goat’s cheese, and more. At the restaurant, customers can choose from dishes such as quiche, toasted sandwiches, soup, and tiramisu. Mr. & Mrs. Watson was founded in 2017 by best friends Aleid Koopal and Kirsi Rautiainen, …

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Revo Foods

© Revo Foods

Revo Foods Raises €1.5M for 3D Printed Seafood

Young Viennese startup Revo Foods recently announced the closing of its first financing round for more than EUR 1.5 million and aims to accelerate its market entry with 3D-printed plant-based seafood. Revo Foods, formerly Legendary Vish, specialises in the development of 3D-printed plant-based seafood alternatives and already presented its first product – Salmon With Attitude – at a tasting earlier this year. The company’s new investors include Hazelpond Capital, Eva Sommer, friends2grow, Jens Schumann and MKO Holdings, as well as the FFG Austrian Research Promotion Agency and the Vienna Business Agency. “We are excited to announce the closing of our first fundraising round of more than EUR 1.5 million and are thrilled to be working with fantastic strategic investors who will really accelerate our market …

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