the fruit of the palm oil used for palm oil production

© Clean Food Group

German Ingredients Supplier Doehler Invests in Cultivated Palm Oil

Doehler Ventures, the investment arm of German ingredients supplier Doehler, has announced an investment into British startup Clean Food Group (CFG). CFG is developing cultivated palm oil to address the deforestation caused by the conventional palm oil industry. This loss of habitat endangers important species such as orangutans and pygmy elephants, while also releasing considerable amounts of carbon dioxide into the atmosphere. Along with providing capital, Doehler will support CFG as it works to increase production to a commercial scale. In future, the two companies say they may collaborate further to address other environmental issues. Cultivated palm oil production CFG’s cultivated palm oil is produced through the fermentation of a proprietary strain of yeast. The eco-friendly fermentation process is fuelled by renewable energy, with food-safe …


Liberation Labs co-founder and CEO Mark Warner. © Liberation Labs

Agronomics Invests $7M in Precision Fermentation Manufacturer Liberation Labs

Agronomics has invested $3.5 million in the seed round of Liberation Labs, a company working to commercialise precision fermentation on a large scale. The venture capital firm previously invested $3.5 million in the funding round’s first tranche in October, meaning it has now contributed a total of $7 million to the $20 million raise. Additionally, Agronomics made a $627,000 investment as part of Liberation’s previous funding round in June. Precision fermentation manufacturing facilities There is currently a bottleneck in the food fermentation industry, caused by a lack of suitable production plants. As Liberation CEO Mark Warner told Elysabeth Alfano on The Plantbased Business Hour, many of the sites currently available are actually intended for the pharmaceutical industry. The company is working to change that by …



© Perfect Day

Perfect Day Acquires Sterling Biotech and Receives First Regulatory Approval in India

Alt-dairy pioneer Perfect Day announces it has acquired Sterling Biotech Limited (SBL) in India, whose state-of-the-art manufacturing facilities will double Perfect Day’s production capacity in the near term. In addition, India’s Food Safety and Standards Authority has approved the company’s application for its animal-free milk proteins, opening the door for commercialization in India.  By purchasing Sterling Biotech, Perfect Day says its production capability will double with the addition of four high-value manufacturing assets, including robust precision fermentation that will allow it to expand fermentation capacity in the coming months while continuing to serve existing SBL customers.  The facilities also are outfitted for other premium, pharmaceutical-grade ingredient production, including gelatin and dicalcium phosphate, which Perfect Day says is part of its mission to expand beyond animal-free …


protein made from upcycled brewer's yeast

© Yeasty

France’s Yeasty Raises €1.4M for Alt Protein Made From Upcycled Brewer’s Yeast

Paris-based startup Yeasty has raised €1.4 million in pre-seed funding for its sustainable protein derived from upcycled brewer’s yeast. The round was led by Asterion Ventures, with participation from Satgana and Caméléon Invest. Yeasty plans to use the funding to produce samples on an industrial scale, and by 2025, the company hopes to build a site with a capacity of 5,000 tons per year. Production process Yeasty takes brewer’s yeast, a byproduct of beer production, and uses a proprietary process to remove the bitterness that has previously prevented the ingredient from being widely used. The yeast is then made into a flour that is suitable for a range of applications, including alt protein products, pet food, and sports and medical nutrition. Yeast-based protein Worldwide, other …


© RapidBox

Indian Vegan Leather Shoe Producer Rapidbox Raises $4.5M in Series A Funding

Rapidbox, an India-based startup producing vegan leather sneakers, has raised $4.5 million in a Series A funding round led by SIG Venture Capital. Other participants included Tanglin Venture Partners, India Quotient, and Ananya Goenka (an investment banking analyst). The startup, which also produces other fashion and sportswear items, says it will use the funding to improve customer experience, expand its product range, and further build the brand. Rapidbox sneakers feature uppers made from either high-gauge vegan leather or polyester yarns. According to the company, the soles, footbeds, and laces are all made from high-quality animal-free materials, ensuring the shoes will be long-lasting. Rapidbox products are sold via the company’s app and on marketplaces such as FlipKart and Myntra. The brand aims to provide high-quality shoes …


Wildtype salmon

© Wildtype

South Korea’s Third-Largest Conglomerate SK Invests $7M in Wildtype Cultivated Salmon

SK Inc., the investment arm of South Korea’s third-largest conglomerate SK Group, has announced a $7 million investment in US-based cultivated salmon producer Wildtype. The Korean firm explained that it is looking to increase its investments in companies with excellent environmental, social, and corporate governance credentials. The conglomerate also reveals that it is working to form a joint venture between Perfect Day and Korean dairy producer Maeli Dairies, with the intention that Maeli will manufacture, distribute, and sell products made with Perfect Day’s animal-free milk proteins. SK Chairman impressed by Wildtype visit “[Wildtype’s cultivated salmon] can dramatically reduce carbon dioxide emitted during the process of fishing, farming, and transportation, and protect the marine ecosystem that faces the risk of extinction with bycatch,” said Chey Tae-won, …


LoveChock 2 packs

© Lovechock

Amsterdam’s Lovechock Set to Expand Operations With New Belgian Owner

Lovechock, a Netherlands producer of raw vegan chocolate products, announces it has been acquired by Belgian family-owned company Pauwels Engineering NV, in order to “strengthen the company’s vision for the future”. Pauwels Engineering NV is a holding company for, among others, The Belgian Chocolate Group NV, which recently invested in a 100% vegan chocolate production facility in Croatia. This state-of-the-art machinery will enable Lovechock to produce new plant-based confectionery products. Pauwels Engineering NV will take over 100% of Lovechock BV, but states that it continues to rely on the structure of the Dutch brand, and as such, Lovechock will remain 100% independent and based in Amsterdam. However, changes will take place in terms of production: the production site in Heerhugowaard, NL, is to close, and …




JULIENNE BRUNO Raises £5M to Make Vegan Cheeses “First Choice, Not Alternatives”

London-based vegan cheese producer JULIENNE BRUNO has announced a £5 million funding round led by Cherry Ventures. The brand says it will use the funding to expand and work towards its wider ambition of transforming the food industry. The goal is to create cheeses that consumers choose because of their quality, not because they are dairy-free; in the company’s words, products that are the “first choice, not alternatives”. Collection 01 Last year, JULIENNE BRUNO raised £1 million in a seed funding round led by Seedcamp. These funds were used to develop the brand’s Collection 01, which features three cheeses — Burrella, Crematta, and Superstraccia. While the cheeses are inspired by traditional animal-based varieties — burrata, cream cheese, and stracciatella respectively — JULIENNE BRUNO emphasises that …


new zealand's biotech company opo bio's team in a photo shoot outdoors

© Opo Bio

NZ’s Opo Bio Emerges From Stealth With $1.5M Seed for Cultivated Meat Ingredients

Opo Bio, a New Zealand-based biotech startup developing what it refers to as next-gen cultivated meat ingredients to supply producers of cultivated meat, announces the launch of its first product, Opo-Moo, a primary bovine muscle cell line. Opo Bio concurrently announces a NZ$1.5 million Seed capital round led by Matū Karihi, syndicated with The University of Auckland Inventors’ Fund, Booster Innovation Fund, and angel investors. Cell lines supplier Opo Bio is a B2B cultivated meat biotech company founded in July 2022 by Dr. Olivia Ogilvie, Dr. Laura Domigan, and Dr. Vaughan Feisst using previous research carried out by Dr. Domigan at The University of Auckland. The company aims to become the leading developer and supplier of cell lines for large-scale cultivated meat production. Its initial focus …


Cultivated meat in AustraliavGeorge Peppou, CEO, Matt Kean, NSW Treasurer, Tim Noakesmith, Cofounder

Vow's CEO George Peppou (left) Matt Kean, NSW Treasurer, and Tim Noakesmith, Vow's co-founder (right) © Vow

Australia’s Vow Raises Record US$49.2M, Will Launch Cultivated Quail

Australia’s Vow has announced a $49.2 million (A$73.5 million) funding round, which it claims is the largest ever Series A for a cultivated meat startup. Vow says it is now on track to offer its first product, cultivated quail, at Singaporean restaurants by the end of the year. The product will be available for tasting on a limited basis under the brand name Morsel. At present, Singapore is the only country to have approved the sale of cultivated meat, but Vow also plans to seek regulatory approval in Australia and the US. The round was led by Blackbird and Prosperity 7 Ventures, with participation from Toyota Ventures, Square Peg, Grok, and more. It follows Vow’s oversubscribed $6 million seed round in January 2021. The funds …


© Phyxx44

India’s Phyx44 Raises $1.2M for Animal-Free Dairy Fats & Proteins

Bangalore-based Phyxx44 claims to be India’s first full-stack precision fermentation startup, using microbes to produce animal-free casein, whey protein, and dairy fats. The company says its goal is to “reconstruct dairy from the ground up” by developing alternatives to all the components. The whey protein and casein have already been produced at lab scale, and are in the process of being further scaled up. According to Phyxx44, the fat used in dairy alternatives has not received enough attention, with very few companies attempting to recreate milk fats using precision fermentation. The startup has set out to change this, claiming that its “full stack” approach will create products ideal for use in fat-rich applications such as ice cream, baked goods, cheese, and more. Funding round Phyxx44 …


Roslin - Ernst van Orsouw

© Roslin Technologies - Ernst van Orsouw

Roslin Tech Raises £11M, Aims to Be Leading Animal Cell Line Provider for Cultivated Meat

Scotland’s Roslin Technologies has raised £11 million in a Series A funding round, fuelling its mission to become the leading provider of animal cell lines for use in cultivated meat. The round was led by life sciences investor Novo Holdings. Roslin is notable for being the only commercial supplier of pluripotent stem cells, which can self-renew infinitely and grow into numerous types of animal tissue. The company already supplies customers in North America, Europe, Asia, and the Middle East. With the help of the funding, Roslin will expand its cell line portfolio and further develop protocols to scale up its cells into cost-competitive biomass for meat production. Accelerating development In the summer of 2021, Roslin appointed new CEO Ernst van Orsouw in order to begin …


Forsea Foods

© Forsea Foods

Forsea Foods Raises $5.2M for Cultivated Eel, Will Inaugurate Pilot Plant in 2023

Israel’s Forsea Foods, which claims to be the first startup to use organoid technology for its cultivated seafood process, has raised $5.2 million in a seed round led by Berlin-based Target Global. The new funding will accelerate R&D for cultivating eel meat, the company’s first targeted species, and the development of other fish. Forsea explains it has plans to inaugurate a pilot plant in 2023, allowing the company to create a preliminary design for a large-scale alpha production system and launch its first products. Non-GMO organoid technology According to Forsea, the company has developed a non-GMO organoid technology platform in which eel meat is grown ex vivo as a three-dimensional tissue structure without requiring the scaffolding stage. Forsea highlights that its organoid platform requires fewer bioreactors and growth …


Founders Bernat-Ananos and Marc Coloma at the City of Justice in Barcelona ©Heura

Heura Raises €20M, Aims to Be European Plant-Based Leader by 2027

Leading Spanish alt-meat brand Heura has raised €20 million in funding as it works to become the European plant-based leader by 2027. The raise includes the issuing of convertible notes, which will lead to equity in what is expected to be one of Europe’s largest alt protein Series B rounds next year. Investors include Unovis Asset Management, the NBA’s Ricky Rubio, footballers Sergio Busquets and Sergi Roberto, and comedian David Broncano. Heura will use the funding to expand into more European countries such as Austria, Germany, Switzerland, and the Netherlands, along with increasing its presence in existing markets like France, Italy, and the UK. Driving category growth The raise comes after Heura secured over €4 million in just 12 hours earlier this year, as part …


The Hoxton Farms team. © Donna Ford

Hoxton Farms Raises $22M for Cultivated Fat Pilot Facility

Hoxton Farms, a cultivated fat company based in London, UK, has raised $22 million in its Series A funding round. The round was led by Collaborative Fund, an early backer of Impossible Foods and Beyond Meat, along with Fine Structure Ventures. Other participants included AgFunder and Sustainable Food Ventures. Hoxton will use the funding to build a 13,000-square-foot cultivated fat pilot facility in Shoreditch, East London. The company is optimistic about achieving regulatory approval, which will allow its fats to be used commercially as an ingredient in meat alternatives. The cultivated fats are produced with the help of a computational platform that uses machine learning and mathematical modelling. The platform develops proprietary bioreactors and animal-free culture media, allowing for more efficient and affordable production. “Bringing …