Israeli food-tech startup SavorEat has raised $4.75 million in capital in two financing rounds. With these investments, the company plans to develop a new generation of meat alternatives using customised 3D printing technology.
Trade
MycoTechnology Raises $39M for Mushroom-Based Functional Ingredients Platform
American food tech company MycoTechnology has raised $39m to help it build its functional ingredients platform. The company is best known for its use of mycelia, or mushroom roots.
Alt-Meat Startups Experience Huge Surge in Investments in 2020
Venture investments in alternative protein companies have almost doubled in 2020, according to investor network Farm Animal Investment Risk & Return (FAIRR). In just the first seven months of the year, $1.1 billion was invested in plant-based meat alternatives compared to $457 million last year. Investment in cultured meat has been almost three times greater than in 2019.
The Very Good Food Company Announces Upsize Of Bought Deal Financing to the Tune of $5.2M
The Very Good Food Company Inc, which owns The Very Good Butcher, the second plantbased meat company to go public last month, announces it has entered into an agreement with Canaccord Genuity Corp. to purchase an aggregate of 4,000,000 units at a price of $1.30 per Unit for a total offering of $5,200,000.
Mosa Meat Receives €5 Million of Funding from Bell Food Group
Mosa Meat has announced that Bell Food Group, a leading European processor of meat and convenience foods, is expanding its stake in the company. It has invested a further €5 million, which will help Mosa Meat scale up its production of cultured meat.
Ittella International Merges to Form Tattoed Chef, Will Go Public in Coming Months
Ittella International, formed in 2019, has merged with the special purpose acquisition firm Forum Merger II Corporation to sell plantbased convenience foods under the brand Tattooed Chef. The company will be listed on Nasdaq at some point during this quarter of 2020, under the name Tattooed Chef, Inc.
Canadian Female-Led Modern Meat Announces Public Listing, is World’s 3rd Plantbased Public Company
Canada’s Modern Meat, a female-led plant-based meat alternative company, goes public today with the ticker CSE:MEAT. This news comes just a week following the public listing of The Very Good Butcher, making Modern Meat the world’s third plantbased meat producer to go public and the first to be run by women.
The Very Good Butcher, World’s Second Plant-Based IPO, Sees Shares Increase by 790% in First Week of Trading
Following the success of Beyond Meat’s IPO last year, The Very Good Food Company (VGF) was the second plant-based company to successfully launch onto the stock market when it began trade began under the ticker “VERY” on 18th June. Investor Eat Beyond Global Holdings has announced it has already seen a 790% increase in share price.
Vegan Arborist is a New Investment Portal Aiming to Unite Plant-Based Business and Individuals
Online business and consumer platform Vegan Arborist has begun its mission to facilitate and grow the plant-based market, setting out to curate funding and business development services with a focus on sustainability. The platform is designed to link up, support, educate and promote businesses, consumers and investors in the plant-based world.
Beyond Investing, World’s First Vegan-Friendly Stock Index, Celebrates Two-Year Anniversary and Significant Growth
Beyond Investing‘s US Vegan Climate Index has today reported significant outperformance versus the market as it celebrates its second birthday. Since its launch, VEGAN has exhibited lower carbon, waste and water footprints per unit of revenue versus the S&P500 Index and most ESG indexes.
Dutch Fish Processing Company Takes over Plant-Based Brand Vegafit
Bobeldijk Food Group, the parent company for the Dutch plant-based company Vegafit, has been fully acquired by fish processing company, Kennemervis Groep, also based in The Netherlands. Financial details of the acquisition have not been disclosed.
PETA Buys Shares in Tyson, Smithfield, Maple Leaf, and Hormel – Intends to Push Them Towards Plant-Based
PETA has announced that it has taken shares in Tyson Foods, Smithfield Foods, Maple Leaf Foods, and Hormel. The charity says that it plans to use its shareholder position to push each company to move in a plantbased direction and away from animal agriculture.
FinancialNewsMedia Releases Hottest Plant-Based Stock to Watch in 2020
Financialnewsmedia.com has released a press release listing the best plantbased stocks to watch this year, citing the fact that fast food giants like McDonald’s, Burger King, White Castle, and Dunkin, are creating sizable opportunity for various other companies either in or joining the plantbased market.
Beyond Meat Partners with Roquette for Increased Pea Protein Supply to Meet Global Demand
Beyond Meat announces it has secured a new three-year contract with Roquette, significantly increasing the supply of pea protein as Beyond Meat strive to become the world leader in meat-free alternatives.