Frizata vegan burger


Market & Trends

Alt Meat Continues to Gain Traction in Argentina, The “Land of Beef” 

Argentina, a country famed for its beef culture and one of the highest levels of meat consumption in the world, is seeing plant-based meat production reach unprecedented levels.  Driven by demand from consumers concerned about environmental, nutritional, and animal welfare issues – particularly from younger generations – the country is experiencing a surge in alt meat interest. vegconomist takes a look at some of the players on the burgeoning Argentinian alt protein scene:  Kernel Mycofoods / Eternal This week saw Kernel Mycofoods rebrand as Eternal. The Buenos Aires-headquartered biotech uses AI, computer vision, and proprietary tech to create mycoprotein; sustainable proteins from fungi. Eternal has ambitious plans for 2022, recently raising over $15 million and announcing a potential public listing. “We feel Eternal reflects better …


Horacio Acerbo Founder and CEO Kernel Mycofoods eating burger

Horacio Acerbo Founder and CEO ©Kernel Mycofoods

Investments & Finance

Kernel Mycofoods Raises $15M, Looks to Go Public In 2022

Kernel Mycofoods, a fungi protein startup based in Buenos Aires, is exploding onto the vegan food scene with the unveiling of ambitious plans for 2022. The artificial intelligence-focused bio food tech company has raised in excess of $15 million and has announced a potential public listing.  Using AI and robotics to optimize the entire manufacturing lifecycle, Kernel Mycofood’s growth plans include strategic partnerships with food producers and expanding its footprint with new manufacturing plants, with a slated production capacity of over 50,000 tonnes per year in five years. The company claims to have already exceeded $250 million in product orders and will start shipping in early 2022.  Investment conglomerate Union Group Ventures has become a substantial stakeholder in the fungi-based startup following the funding round, …