vEEF and LOVE BUDS merge to become the Aussie Plant Based Co

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Company News

vEEF Merges With LOVE BUDS to Form The Aussie Plant Based Co

Two Australian brands — Fenn Foods’ vEEF and All G Foods’ LOVE BUDS — have announced that they are merging to form a new company called The Aussie Plant Based Co. vEEF and LOVE BUDS are both leaders in the plant-based meat category, in retail and food service respectively. The strategic merger will grant The Aussie Plant Based Co access to 6,000 distribution points across Australia, along with a manufacturing hub on the Sunshine Coast. Demand for plant-based foods is growing rapidly in Australia; recent research found that 19% of Australians are eating a flexitarian diet, while 6% are vegetarian or vegan. The Aussie Plant Based Co hopes to cater to this demand and eventually expand into Asia and the Middle East. “Leading the Australian …


cultivated milk

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Cultivated, Cell-Cultured & Biotechnology

All G Foods Raises $25M to Make Cultivated Milk “Cheaper to Buy Than Cow-Based Dairy”

Australian startup All G Foods just raised $25 million from Agronomics to accelerate the manufacture of its milk substitute and undercut the prices of conventional milk sold on the market. The $25 million investment, of which $15 million has been contributed by cellular agriculture investment firm Agronomics through a UK-listed corporation and another $10 million through a linked investment vehicle, is claimed to be the first component of a broader announcement that will be made in the coming months. All G Foods previously received venture capital from Australia’s retail giant Woolworths Group, and also operates the plant-based meat brand Love BUDS, available in over 300 retail locations and hundreds of foodservice outlets. Preparation for commercialisation The team behind the cultivated milk startup claims to have …


Australia's All G Foods raises capital from W23

Ingrid Maes, Managing Director W23 at Woolworths Group with Jan Pacas, CEO & Founder at All G Foods. 9th December 2021. Photograph Dallas Kilponen/Woolworths

Investments & Finance

Australia’s All G Foods Receives Multi-Million Dollar Investment From Woolworths

W23, the venture capital and growth fund operated by Woolworths Group, has invested in Australia’s All G Foods. The multi-million dollar capital injection will allow All G to further develop its alt-protein products. A new wave of investment and opportunity for Australia In September, the startup raised $16 million in one of the largest ever seed funding rounds by an Australian company. All G believes it is the first Australian company using precision fermentation to make dairy proteins, claiming the technology will bring “a new wave of investment and opportunity” to the country. The startup is also seeing increasing success with its plant-based Love BUDS burger patties, which are now available at over 300 retail locations and hundreds of foodservice outlets. More products, including plant-based …


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Investments & Finance

All G Foods Raises AU$16M in One of Australia’s Largest Ever Seed Funding Rounds 

Australian food challenger All G Foods has raised AU$16 million in seed funding for the development of its alt protein and food-positive brands. Headed by serial entrepreneur Jan Pacas, the All G Foods seed funding round scores as one of Australia’s largest ever.  Looking to become a big player in the Australian alt protein landscape, All G Foods currently has two brands in its portfolio; Love BUDS Meat – a plant-based alt meat producer, and Milkcell – a precision fermentation alt dairy developer. All G Foods has also signed a retail deal with independent supermarket chain IGA for its first product, the Love BUDS Burger.  All G Foods is the brainchild of entrepreneur and former CEO of the year winner in Australia  Jan Pacas. Pacas …