Beyond Meat, one of the fastest-growing food companies in the United States, has seen an impressive spike of up to 39% on the stock market. The news comes after an agreement with PepsiCo to establish a new joint venture to produce plant-based snacks and drinks, as announced yesterday.
The GFI recently said that a ‘new space race for the future of food’ had begun and that regulation for cultured meat in Europe is expected to follow soon behind Singapore. Spain’s BioTech Foods today reveals a €5.2 million R&D initiative called the CULTUREDMEAT project, after receiving funding from the EU last October.
Founded by Damien Clarkson and Judy Nadel, the couple behind London’s Vevolution, along with vegan investor Michiel van Deursen and product specialist Russell White, new venture THE PACK plans to disrupt the pet food industry, having successfully closed the pre-seed investment round for its new range of plant-based dog food.
Following successful investments from Jay-Z and Grammy-award winning singer H.E.R, the allergy-free brand Partake Foods has raised $4.8 million in a new funding round. Interesting to note is CEO and founder Denise Woodard is the first woman of color to raise $1 million for a food startup. New investors include pop star Rihanna.
More great foodtech news from Singapore as TurtleTree Labs, creators of real dairy milk through cell technology, announces an oversubscribed $6.2 million Pre-A funding round of new and existing global investors. It is also announced that the “vegan prince”, HRH Prince Khaled bin Alwaleed bin Talal Al Saud will join as Advisor.
Meghan Markle, the Duchess of Sussex, is investing in female-led vegan startup Clevr Blends. With this investment, the self-proclaimed feminist, who has already campaigned for gender equality in the past, is expanding her mission to address the undervalued female-led business sector. The amount invested is undisclosed at this time.
GO Buddha was founded by Chef Joshua Ingraham, previously Executive Chef for the Cleveland Indians and the first chef to compete in NBC’s Titan Games. It began life as GO Buddha Eatery in Rocky River Ohio, now offers weekly pre-prepared packages for pickup and delivery, and just announced free overnight shipping across the USA.
Midsona AB, formerly Midelfart Sonesson AB, is a Swedish company that has strategically acquired plant-based companies in recent years. The company is to strengthen its plant-based focus through an investment of around 4.5M Euros in recently acquired Spanish brand Vegetalia, whose Barcelona plant will become its vegan hub.
SavorEat, an Israeli producer of meat alternatives that recreate the experience, taste and texture of meat through the use of a “revolutionary chef robot” and proprietary 3D printing technology, has raised NIS 42.6 million – about $13 million. The Tel Aviv Stock Exchange has valued the company at $51.2 million
Eat Beyond Global Holdings Inc, an investment issuer focused on the global plant-based and alternative food sector, is announcing that it has received approval to list its common shares on the Canadian Securities Exchange (the “CSE”). The common shares will commence trading under the trading symbol “EATS” today, November 17, 2020.