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Investments & Finance

New $300M Smart Protein Fund Intends to Disrupt Food Industry, Directing Climate Capital Towards Alt Protein

London-based Milltrust Ventures and Ireland’s Earth First Food Ventures are launching a new $300M (£242M) Smart Protein Fund tomorrow directed at funding alternative proteins companies to “disrupt and decarbonise” the food industry. The new Smart Protein Fund aims to invest climate capital toward scaling up startups and companies developing innovative plant-based, fermented, fungi-based, and cultivated meat, fish, or dairy products to replace industrial farming. 26% of global green gas emissions According to the Smart Protein Fund, the alternative protein market received over $600M in investments last year. The Boston Consulting Group (BCG) predicts that smart proteins are set to account for up to 22% of global protein consumption over the next 15 years, representing a $500 billion investment opportunity for early investors. Milltrust Ventures, the venture investment arm …

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