Casein proteins post

© Standing Ovation

Standing Ovation Raises €12M for Animal-Free Casein Production

Standing Ovation, an alt protein food tech startup, today announced it has completed a Series A financing round led by Astanor Ventures, to develop and scale the production of animal-free caseins.   Created in 2020 and based in Paris, Standing Ovation aims to become a key player in the food transition by specialising in the development and production of caseins by precision fermentation to make non-animal and lactose-free cheese and dairy products. CEO Frederic Paques said: “Standing Ovation’s technology has tremendous potential. However, bringing the products rapidly to the market requires significant resources, and substantial funding had become necessary. Astanor Ventures, which had already supported us at an earlier stage, understood it, as did the other participants in this round.” Peakbridge, Seventure Partners, Big Idea Ventures, …


Next Level Burger Stacked Vegan Burger

©Next Level Burger

Next Level Burger Raises $20M to Quadruple US Stores and Accelerate Path to 1,000 Locations

Vegan burger chain Next Level Burger announces it has raised $20M in funding to accelerate its plans for national US expansion. The company’s growth includes quadrupling its store count by the end of 2025, and eventually opening 1,000 locations.  According to the brand, the round was led by a strategic organic and natural foods partner, private mission-driven shareholders and early stage vegan investors Alex Payne, formerly of Twitter and Simple Bank, and Nicole Brodeur.  Operating nine locations in California, Oregon, Colorado, Texas and New York, Next Level is renowned for its 100% plant-based take on classic American fast food. Its selection of burgers, fries, and decadent milkshakes use only non-GMO ingredients and organic produce, while its product packaging is fully compostable.  1,000 outlets in 10 …


Neggst whole vegan egg

© Antonios Mitsopoulos/Neggst

Neggst Raises €5M for Whole Vegan Egg With Shell

Germany’s Neggst has raised €5 million in seed funding for its whole vegan eggs, which feature a white, a yolk, and a biodegradable shell. The round was led by Green Generation Fund (GGF), with participation from BayWa AG, RWZ, Corecam Capital Partners, and various notable angel investors. The company says it is in talks with other potential investors for a second funding round. Neggst was founded in 2021 by Veronica Garcia-Arteaga and Dr. Patrick Deufel. While carrying out research work at the Fraunhofer Institute, Garcia–Arteaga set out to create an egg alternative that was not just a substitute but an upgrade. According to the company, the resulting plant-based egg is virtually indistinguishable from conventional chicken eggs in terms of taste, appearance, functionality, and nutritional value. …


CEO Nathalie Rolland. © Nutropy

France’s Nutropy Raises €2M for “Next Generation of Cheese”

France’s Nutropy has raised €2 million in pre-seed funding for its animal-free cheeses and milk components. The female-led startup plans to use the capital to launch the cheeses on an industrial scale. Founded by Nathalie Rolland and Dr. Maya Bendifallah, Nutropy uses precision fermentation technology to produce animal-free casein. This milk protein is what gives cheese its stretchiness and creaminess, and until recently could only be obtained from animal sources. Additionally, Nutropy is developing animal-free dairy fatty acids. By combining these ingredients with cheese cultures, the company claims it can create products that are extremely similar to premium dairy cheeses. Nutropy’s pre-seed round was led by Beast, Trellis Road, and Big Idea Ventures (the startup took part in the latter’s accelerator program earlier this year). …


Ozers microalgae sports supplements

© Ozers

Ozers to Raise €300K for Unique Microalgae Sports Supplements

French startup Ozers has opened a funding round to raise €300,000 for its innovative microalgae sports supplements. Ozers was founded last year by former boxer Maxence Damarey, food trends hunter Oliver Dahan, and Algama co-founders Alvyn Severien and Gaëtan Gohin. Damarey was inspired to create the company because he was unable to find any supplements that met his needs. The use of microalgae is said to significantly enhance athletes’ endurance, and sets Ozers apart from other plant-based sports nutrition brands. Damarey told vegconomist that microalgae have antioxidant and anti-inflammatory effects, while also enhancing oxygen transport in the blood. The products are marketed towards both professional and amateur athletes. Funding Last year, Ozers (previously known as NØKO FOODS) took part in the sixth cohort of the …


Biotech Foods meatballs

© Biotech Foods

BioTech Foods Receives €750,000 From Spanish Foreign Trade Institute

Spain’s Biotech Foods has received a €753,000 grant for its investMEAT project from the Spanish Foreign Trade Institute (ICEX). The investMEAT project is researching cell lines, cultured media, and biomaterials in order to scale up cultivated meat production to an industrial level. The funding will be provided through ICEX’s R&D program Innova Invest.  The ultimate goal is to significantly bring down the cost of cultivated meat, making it available to the consumer at competitive prices. This will be done by making the production process much more efficient, which will improve scalability. “Results will contribute to the development of the first cultivated meat industrial production plant in Spain, and one of the most state of the art in the world,” said Iñigo Charola, co-founder and CEO …



©Powerplant Ventures

PowerPlant Partners Reveals New $330M Fund to Exclusively Support Growth-Stage Companies

PowerPlant Partners, a global growth equity firm investing in disruptive plant-based companies, announces it has closed a $330M fund to shift from investing in startups to focus solely on growth-stage companies.  The new fund, known as PPV Fund III, will invest between $15M and $40M in target companies generating $10-$75M in annual revenue as active, primarily minority, investors. The firm will continue to support consumer-facing brands, but is expanding its vision beyond food and beverage products to include consumer technology, service and enablement companies that prioritize the importance of human and planetary life.  According to PowerPlant, this shift will allow the firm to grow its consumer wellness platform while providing a more integrated network for its current portfolio brands. Miyoko’s and more “With this additional …


© Wicked Kitchen/Good Catch

Wicked Kitchen Acquires Good Catch’s North American Channels

Plant-based brand Wicked Kitchen has acquired alt-seafood producer Good Catch’s North American channels, stating: “We will have the largest variety of animal-free consumer packaged goods in the industry.” The acquisition will enhance Wicked’s portfolio to include frozen and ambient plant-based seafood. The company will take over the Good Catch brand in North America, while Good Catch’s parent company, Gathered Foods, will become a Wicked shareholder. Branding, product availability, and distribution will all remain the same. Both Wicked and Good Catch were co-founded by chef-brothers Chad and Derek Sarno. Chad Sarno will act as chief culinary officer for both brands, with Wicked and Good Catch working together on plant-based product innovations. Good Catch will also help Wicked expand its presence in foodservice. Wicked Kitchen in the …


Mycoprotein Chicken plate

© Meet Future

Meet Future Opens Seed Round to Launch Mycoprotein Chicken in Baltics

Meet Future, an alt-protein startup from Estonia, recently announced a €400K seed round to launch its mycoprotein chicken. Meet Future is currently focused on offering products such as vegan fillets with clean-label ingredients, stating that healthy seafood alternatives will be its next category launch. Founded by Triin Remmelgas and Andrean Razumovski, Meet Future was part of ProVeg Incubator’s seventh cohort in 2021, where it raised €50K from ProVeg Incubator and angel investors.  The funds were used to develop texturising technology to make the brand’s first product, the Meet Chicken Fillet. After its success with the production process and end product, this newly announced seed round will be dedicated to launching the brand’s mycoprotein-based chicken and other new products in the Baltic regional market. “Receiving positive …


Bond Pet Food Founders

Tony Day, CTO, Rich Kelleman, CEO, and Pernilla Audibert, CSO©Bond Pet Food

Bond Pet Foods Raises $17.5M in Series A From Sia and Top Investors to Scale Fermented Meat Proteins

Bond Pet Foods, a biotech startup using fermentation to create meat proteins for pet food, announces it has completed its Series A fundraising round totaling $17.5M. The startup has also broken ground on a new 15,000 sq. ft. production facility in Boulder, CO.  The oversubscribed round included top global agribusiness companies ADM Ventures (Archer Daniels Midland Company) and Cavallo Ventures (Wilbur Ellis), as well as institutional funds Genoa Ventures and Lever VC; and food/tech and sustainability investors Thia Ventures and iSelect Fund, among others. Musical icons Sia Isabelle Furler and Joan Jett also participated in the round. A key trend   The startup plans to use the new funding to expand its portfolio of meat proteins and begin scaling production at a new 15,000 sq. ft. …


BioBetter uses the tobacco plant to cut cultivated costs

© BioBetter

Israel’s BioBetter Secures $10M to Cultivate Meats Using Tobacco Plants

Israeli food tech startup BioBetter announces it has secured $10M in a Series A round to develop and commercialise growth factors made with tobacco plants. Growth factors are essential in the cultivated meat process for cells to grow and multiply. The cellular agriculture industry depends on a limited offer of costly growth factors for its operations. BioBetter’s discovery could significantly reduce production costs by 300%, the food tech claims.  Tobacco plants as self-sustaining, animal-free bioreactors “BioBetter has pioneered a unique protein manufacturing platform for producing growth factors using tobacco plants as natural, self-sustaining, animal-free bioreactors,” explained Dana Yarden, MD, BioBetter’s co-founder. Field-grown tobacco plants, thanks to BioBetter’s technology, can be used to make costly competitive growth factors like insulin, transferrin, and FGF2 necessary to make cultivated …


© Cultivated Biosciences

Cultivated Biosciences Raises $1.5M to Make Plant-Based Dairy Creamier

Switzerland’s Cultivated Biosciences has raised $1.5 million in pre-seed funding to further develop its creamy yeast-based fat ingredient. The sustainable, clean-label fat improves the mouthfeel of plant-based dairy products, with the potential to win over flexitarian consumers who are not satisfied with the options currently available. The ingredient has natural emulsification properties, low lipid oxidation, and the same texture and colour as dairy cream. The pre-seed funding round was led by Wingman Ventures, with participation from firms including Big Idea Ventures, Blue Horizon, ProVeg International, and the FoodHack syndicate. Arturo Elizando, CEO and co-founder of The EVERY Company, and Lukas Böni, co-founder of Planted, also supported the round. Cultivated Biosciences will begin testing the ingredient with selected clients in 2023, and is open to further …


Clever Carnivore

©Clever Carnivore

Chicago’s Clever Carnivore Raises $2.1M, Says $1 Cultivated Meat Burger is Possibility

Cultivated meat startup Clever Carnivore announces it is opening a new headquarters and lab in Chicago’s Lincoln Park neighborhood. The company also reveals it has raised $2.1M to date in pre-seed funding, reports Built in Chicago. According to a statement, the new headquarters will consist of 4,179 sq. ft. located in “Chicago’s academic epicenter”, where the startup will develop high-quality cultured beef, pork and chicken. Clever Carnivore’s CEO says it has already begun producing cell-based meat, but it will be some time before the products are ready for commercial scale. “The new space essentially gives us the space to not only grow the company, but the meat itself,” CEO Virginia Rangos, Ph.D, told the Chicago Business Journal. “We think we will have product prototype ready …


Planted raises one of Europe's largest alt-protein rounds

© Planted

Planted Raises £61M in One of Europe’s Largest Alt-Protein Rounds

Switzerland’s Planted has raised £61 million in Series B funding, achieving one of the largest alt-protein rounds ever to take place in Europe. The round was led by private equity firm L Catterton, with participation from existing investors including Vorwerk Ventures, Movendo, and footballer Yann Sommer. Planted will use the funding to accelerate its international growth, expand its product range, and build another production site. Planted produces whole-cut plant-based meats using ingredients such as peas, oats, and sunflower. The meat alternatives are made with a biostructuring approach, combining protein structuring with fermentation to produce clean-label whole cuts. The company says it is in the final stages of launching its new product range, which features plant-based chicken breasts, tenders, and patties. Planted is already established in …


Cultivated scallops

© Mermade Seafoods

Israel’s Mermade Raises $3.3M for Cultivated Scallops

Israel’s Mermade has closed an oversubscribed seed funding round, with investors including OurCrowd, Fall Line, and Sake Bosch. Mermade is a startup developing what it claims are the world’s first cultivated scallops. What sets the company apart is that it is using aquaponics, a circular process that allows it to cut costs and improve sustainability compared to other cultivated meat and seafood producers. The technology uses algae to recycle spent growth medium, a byproduct of the cell cultivation process. Mermade intends to use the funding to hire stem cell and algae researchers, with the goal of producing its scallops on a laboratory scale by 2023. The startup is one of many alt-seafood producers to find success with investors in 2022 — figures show that the …