Cubiq Foods

Barcelona's UOBO, a food-tech startup on a mission to revolutionize food manufacturing with alternatives to eggs, has raised €500,000 to develop new products.

© UOBO
Investments & Finance

UOBO Secures Six-Digit Funding, Joins Forces with Cubiq Foods to Create Egg Replacers for Manufacturers

Barcelona’s UOBO, a food tech startup on a mission to revolutionize food manufacturing with alternatives to eggs, has raised €500,000 in a seed funding round led by Enzo Ventures. The new funding will be used to develop new products and expand operations. This January, the startup launched liquid plant-based eggs for food service, which have garnered impressive feedback. The product, made with canola and potato protein, is said to replace eggs in multiple dishes, from omelets to pastries, while offering an authentic taste. “We are thrilled to have the support of Enzo Ventures as we scale our business and bring our innovative solutions to the market,” said Sergi M., co-founder of UOBO. Replacing eggs in manufacturing UOBO has also announced a partnership with the food-tech …

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Cargill to compete with plant-based companies

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Protein

Cargill Seeks Profitability with Business Split and Alternative Protein Focus

US agribusiness giant Cargill reportedly plans to split its business into three operating units instead of the current five: Food, Ag & Trading, and a Specialised Portfolio focused on animal nutrition and health. According to Reuters, Cargill and other agricultural merchants are facing financial and operational difficulties due to commodity crop prices approaching four-year lows, resulting in fallen crop processing margins and squeezing Cargill’s profit margins. Alternative protein focus Cargill, the world’s third-largest meat producer, has been active in the plant-based and alternative protein space for several years. In addition to offering a portfolio of plant-based protein ingredients, fibers, texturizers, plant-based oils, and fats, the company invests in companies developing sustainable food solutions. Over the past few years, the Minnesota-based firm has invested in various …

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Plant-based fats

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Food & Beverage

Cargill Debuts ‘Juicier’ Plant-Based Burger Made with Cubiq Foods’ Fat Technology at Expo West

Cargill, the world’s third-largest meat producer, unveiled the first product of its collaboration with Spanish startup Cubiq Foods at Expo West last week. The company sampled new plant-based burgers made with Cubiq’s Go!Drop fat replacement technology, which is said to reduce the fat content and calories of alt-meats. In light of these and its other plant-based advancements, Cargill told Food Navigator-USA it now aims to become an “inclusive protein provider.” At Expo West, Cargill offered two versions of pea protein burgers – one made with Cubiq’s novel fat solution Go!Drop, and another made with common fats like coconut and canola oil. According to the agribusiness giant, by using the Go!Drop fat emulsion, it was able to reduce the saturated fat content by 30% and the …

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Plant-based fats

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Company News

Cargill and Cubiq Foods Enter Agreement to Accelerate ‘Wide Scale’ Commercialization of Novel Plant-Based Fats

Agribusiness giant Cargill announces it is entering an agreement with food tech startup Cubiq Foods to co-develop and commercialize the latter’s plant-based fat technologies.  According to Cargill, the agreement is aimed at accelerating wide-scale commercialization of Cubiq’s novel fats, including its innovative Go!Drop emulsion, for plant-based meat and dairy, among other products.  Closing the flavor gap Through the strategic partnership, Cargill states it will now have access to Cubiq’s existing portfolio of plant-based ingredient solutions, including plant proteins, texturizers and an array of traditional fats and oils. Cargill, the world’s third largest meat producer, says most current plant-based options do not meet consumers’ expectations for taste and quality. Rather, it believes Cubiq’s line of “smarter” fats helps close the flavor gap by replicating the visual …

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four heura chorizos on a plate

© Heura
Investments & Finance

Spain’s Alternative Protein Sector Stands Out Among Food Tech Investments in 2022

In 2022, Spain remained prominent among the top ten European food tech countries according to Eatable Adventures’ report, The State of Foodtech in Spain 2022. Here we take a look at some top-ranking Spanish alt food brands in terms of investments including Heura, Cocuus, Innomy, Cubiq, and Novameat. This year, the total investment figure for food tech in Spain stands at 268 million euros, an increase of 9.38% compared to the previous year, not counting the investment round achieved by Glovo (450 million euros), says the report. Series A rounds saw an increase, growing by nearly 20%, 5 points more than in 2021. According to Eatable Adventures, the emergence of the alternative protein sector stands out among significant investments rounds in 2022, with three startups …

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alternative protein market company Upside Foods serves a cultivated chicken burger

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Business Wire

Global Cultured Meat Markets Report – By 2040, a Projected 60% of Meat will be Created from Cells Grown Within Bioreactors and Sold Across Grocery Stores and Restaurants Worldwide

DUBLIN–(BUSINESS WIRE)–The “The Global Market for Cultured Meat – Market Size, Trends, Competitors, and Forecasts (2022)” report has been added to ResearchAndMarkets.com’s offering. By 2040, a projected 60% of the meat will be created from cells grown within bioreactors and sold across grocery stores and restaurants worldwide. The rise of the cultured meat market will be supported by the sustainability of the process, as well as the industry’s ability to provide “tailor-made nutrition” through its meat and seafood products. Recent surveys indicate that nearly 50% of the consumers do not have any reservations about cultured meat. Over the next 10 to 20 years, the cultured meat market is projected to act as a major disruptor to the conventional meat market. The number of startups focused …

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CUBIQ

Image courtesy CUBIQ Foods
Cultivated, Cell-Cultured & Biotechnology

Cubiq Foods Receives $6M in Cargill Bridge Round to Commercialize Cultivated Fat 

Cubiq Foods, a Spanish startup developing cultivated fat for plant-based alternatives, has completed a $6 million funding from investors including US meat giant Cargill. Cubiq is now set to launch its first cultivated fat ingredient onto the market by 2023.  Catalonia-based Cubiq’s latest round of investment will allow the biotech company to expand commercial and production operations in North America and Europe. Cargill’s investment comes in the form of a strategic partnership that includes a product development plan and a commercial agreement to market and sell Cubiq products. Also backed by Blue Horizon Ventures, Cubiq launched a plant-based fat replacer ingredient called Go!Drop last year, claimed to be a viable alternative to animal fats in a variety of products. Later this year, Cubiq will launch …

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©77 Foods
Market & Trends

The Future is Fat: The Startups Looking to Fatten up Vegan Food

Research shows vast swathes of the global population are turning to plant-based for a healthier diet, with vegan food associated with a wide array of health benefits. On the other hand, however, researchers have concluded that many consumers simply find processed animal-based foods too tasty to give up.  According to Phil Morle from plant-based industry investor Main Sequence; to “unlock the mysteries of fats and create animal-free fats” is “essential for the future of the industry”. Fat holds the key to flavour, and creating viable, healthy and tasty vegan fats is the latest innovation frontier. With this in mind, vegconomist takes a look at the fattiest players in the alt meat sphere:   77 Foods  After being named by Unilever as the winner of its Innovation …

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Brendan Brazier, Founder ©Fiction Foods

Company News

Blue Horizon Ventures Takes Significant Positions in Four Food Tech Brands, Recruits Brendan Brazier as Venture Partner

With four additional closings this June, as detailed below, Blue Horizon Ventures reports that in less than ten months its portfolio has now expanded to 12 mission-aligned companies and that it has deployed circa EUR 50M to accelerate their growth. Thrive author Brendan Brazier has also been recruited as a partner at the firm.

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Andrés Montefeltro CEO and co-founder of CUBIQ FOODS - Dr. Raquel Revilla CSO

Andrés Montefeltro CEO and co-founder of CUBIQ FOODS - Dr. Raquel Revilla CSO (© Céline Pech Fotografia)
Company News

Spanish Startup CUBIQ FOODS Receives 5M EUR From Blue Horizon Ventures For Cultivated Fats

Blue Horizon Ventures joins MOIRA CAPITAL PARTNERS on an investment project for Spanish startup CUBIQ FOODS‘s product; clean fats created with cell culture. CUBIQ was founded in Barcelona by  Dr. Raquel Revilla and Andrés Montefeltro in response to an increasing industry demand for health and wellness ingredients.

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Andrés Montefeltro CEO and co-founder of CUBIQ FOODS - Dr. Raquel Revilla CSO

Andrés Montefeltro CEO and co-founder of CUBIQ FOODS - Dr. Raquel Revilla CSO (© Céline Pech Fotografia)
Interviews

CUBIQ: “Bringing to the Market the Best Way to Incorporate Omega-3 in People’s Diets”

CUBIQ FOODS is a clean fat startup in Barcelona, founded by entrepreneurs Dr. Raquel Revilla and Andrés Montefeltro, who use cell culture to respond to an increasing industry demand for health and wellness ingredients. The process used to produce the fats is sustainable and avoids any harm to animals.

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