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, …

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better nature tempeh products

© Better Nature

Better Nature Raises £700K to Fuel Tempeh Awareness and Growth

UK brand Better Nature, specialising in tempeh-based meat alternatives, recently announced a £700K Seed Plus round to fuel retail presence in the UK and Europe ahead of a bigger series A round next year. The funds will support the brand’s new listing with Holland & Barrett and will also build on existing listings with Selfridges, Gopuff, and allplants. The investment round was led by 67 investors, including previous backers from a private crowdfunding campaign launched on Seedrs in March 2021, alongside two new investors in innovative and sustainable businesses, including the Global Entrepreneurship Centre. Expansion plans for 2023 Besides retail growth in the UK, Better Nature will focus on expansion in mainland Europe through the launch of its tempeh products in Germany’s second-largest supermarket Rewe in early 2023. …

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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 …

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Katjes Greenfood Places €20M Bond

Katjes Greenfood, a plant-based leader in the German market, announces it has placed a bond (ISIN: DE000A30V3F1 / WKN: A30V3F) with a volume of 20 million euros. News of the bond was “met with lively interest from institutional and private investors,” according to the company. The bond has a maturity of 5 years and a coupon of 8%. All orders placed via the subscription functionality were fully allocated up to a volume of 200,000 euros each. Subscription orders exceeding this amount were allocated at a rate of 88 %. The first trading day (trading per appearance) for the bond on the Open Market (Freiverkehr) of the Frankfurt Stock Exchange in the Quotation Board segment is already scheduled for 23 November 2022. The issue and value …

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TBH Cocoa Hazelnut Spread

©tbh

‘Stranger Things’ Actor Noah Schnapp Launches Capital Raise for TBH Vegan Hazelnut Spread

tbh, the company reinventing Nutella hazelnut spreads with better-for-you ingredients, announces the launch of its first capital raise on fintech platform Republic. Beginning Nov. 21st, individuals can invest as little as $50 to help tbh expand its retail footprint and grow its existing product line.  Co-founded by actor, influencer, and entrepreneur Noah Schnapp, alongside co-founders Elena Guberman and Ba Minuzzi, tbh offers a healthier, more eco-conscious version of the popular Nutella spread. Unlike its competitor, tbh’s hazelnut cocoa spread uses less sugar, contains more protein, and avoids the use of palm oil. By raising capital on Republic, a platform that allows everyone to invest in private market equity, debt or crypto offerings, tbh seeks to educate and empower a new generation to become shareholders in …

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Bright Biotech founder Mohammad El Hajj

Co-founder and CEO Mohammad El Hajj © Bright Biotech

Bright Biotech Closes Oversubscribed Round for “Game-Changing” Plant Chloroplast Technology

UK-based Bright Biotech has secured $3.2 million in funding in an oversubscribed seed round. The startup’s technology harnesses valuable proteins in the chloroplasts of plants that can help cultivated meat companies achieve industrial production affordably. More expensive than diamonds Growth factors make up at least 55% of the marginal cost of cultivated meat. According to Bright Biotech, astonishingly, growth factors can cost several million dollars per gram making them more expensive by weight than diamonds. As a solution to this bottleneck, the Manchester startup says it can manufacture and supply premium growth factors at minimal cost using proteins produced by plants, through an innovative technology that harnesses chloroplasts to express large amounts of high-value proteins with large yields. It adds that its chloroplast-based expression is light-driven, …

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JULIENNE BRUNO

© JULIENNE BRUNO

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 …

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© NONA Vegan Foods

NONA Vegan Launches Crowdfunding Campaign to Expand Italian Cream and Meat Sauces

Canadian sauce maker NONA Vegan Foods announces a new $300,000 crowdfunding campaign through FrontFundr, Canada’s leading equity crowdfunding platform. The company, which sells Italian plant-based cream and meat sauces, plans to use the funding to expand its market presence in Canada and the US.  In addition to the fundraising campaign, NONA recently won the Greater Seattle Business Association (GSBA) and Wells Fargo pitch competition. Following this success, CEO Kailey Gilchrist says the company is ready to invite investors to join in its growth. “We’re raising $300,000 on FrontFundr in order to expand our sales team and market reach in Canada and the United States” shared Gilchrist. “For as little as $250 CAD, everyday investors can be a part of our ‘famiglia’ as we embark on …

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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 …

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Pearlita Plant-Based Oysters

©Pearlita

Pearlita Holds First Tasting of Plant-Based Oysters in Berkeley, CA

Alt-seafood startup Pearlita announces the company recently held its first tasting of plant-based oyster. Taking place on Nov. 8 in the Bay Area, the tasting was part of a fundraising effort for Pearlita, which plans to launch its first alternative oyster into restaurants and retail in 2023.  Oyster favorites Pearlita staged the tasting at Wild Earth’s headquarters near San Francisco, where guests were offered a full menu showcasing the oyster in a fried po’ boy sandwich, raw vegan oyster ceviche and raw oysters on the half-shell. Though the company is leveraging both plant-based and cultivated technologies to develop the product, Pearlita says it is first releasing a plant-based prototype while it works on scaling its cell lines.  The plant-based prototype is made from a proprietary …

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Happy Ocean Foods founders

©Happy Ocean Foods

Happy Ocean Foods “Crowdinvesting to Give Private Investors the Chance to Be Part of Our Success Story”

Munich-based Happy Ocean Foods, which specialises in plant-based seafood with a current focus on vegan shrimp, announces a crowdinvesing campaign which goes live today, 15th November. The young startup enjoyed recent success on The Lion’s Den – the German version of the show known as Shark Tank in the US and Dragon’s Den in the UK — receiving investment from two judges including former Formula 1 World Champion Nico Rosberg.  The company was also recently named as one of the hottest food startups not to be overlooked in 2022 in the Food & Beverage Innovators Rising Stars 2022 report.  Without further ado, Co-founder Robin Drummond is here to tell all about the new campaign and plans for the future. Please introduce your brand Happy Ocean …

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HolySh t No Evil Foods

© No Evil Foods

No Evil Launches Crowdfunding Campaign for Online Plant-Based Butcher Shop

North Carolina’s No Evil Foods has launched a crowdfunding campaign with the aim of raising funds to reopen its online plant-based butcher shop. The campaign will be conducted via NuMarket, a platform that gives contributors a credit-based return on support. No Evil customers will receive a 20% increase on any amount they contribute, in the form of credits for use in the future online store. According to CEO Sadrah Schadel, the company has chosen this type of crowdfunding as it provides a meaningful way to engage the community and strengthen customer relationships. “No Evil Foods has been a customer-driven brand from day one,” she said. “When we started to expand nationally, it was because we have unique products with an unbeatable combination of sustainability, recognizable …

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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 …

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veg dog plant based dog food star dog named tamie

© VEGDOG

V-Label Awards Winner VEGDOG Secures €3.5M for European Market Expansion 

VEGDOG, which says it is the first pet food manufacturer specialising in 100% plant-based and gluten-free complete dog food, has secured €3.5 million in a Series A round led by Green Generation Fund. Following the investment, the company will focus on developing new products, expanding into German and European markets, optimizing previous sales channels, and hiring more staff. Ideal Partners Since its foundation in 2016, the German plant-based dog food startup has created a diverse product range, including snacks, wet food, complete dry food, and dietary supplements. Last year, VEGDOG reported €2.4 million in sales and the company reports it expects its 2022 turnover to surpass €4 million. The startup Family Office (former team of Vießmann and WattX), another Family Office from Munich, and previous …

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Beyond Burger

© Beyond Meat

Beyond Meat CEO Predicts Category “Shakeout” as Company Reports Widened Q3 Losses

On Nov. 9, Beyond Meat reported its 2022 third-quarter earnings, and results showed wider-than-expected losses and decreased revenue as the company continues to battle the pressures of inflation. Despite lowered forecasts, Beyond’s stock soared 20% during Thursday’s market trading. According to CEO Ethan Brown, inflation has taken a heavy toll on sales of the company’s plant-based burgers, sausages and chicken, with price-weary consumers opting for cheaper proteins. During its Wednesday earnings call, the company said total pounds sold fell 12.8%, while net revenue per pound decreased by 11.2%. Overall, the company posted a third-quarter net loss of $101.7 million ($1.60/share), which is wider than its net loss of $54.8 million (87 cents/share), in 2021. “As consumers intensify focus on making ends meet, health and environmental …

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