Simple Planet

Dominic Jeong speaking

© Simple Planet
Interviews

Simple Planet: “It is a Way to Maintain Biodiversity Through Cell Culture and Reduce the Burden on the Earth”

South Korea’s leading cultivated meat company, Simple Planet, says it thrives on “leading the cell-based foods industry by reshaping food production platforms for the next generations”. Founded in 2022, the company has developed specialized cell lines from beef, pork, seafood, and chicken, and focuses on induced pluripotent stem cells “as an unlimited cell source for cell-based foods”. Simple Planet’s products include a high protein cultivated meat powder, animal fat paste, and customizable raw materials. After raising $6 million in an oversubscribed pre-series A round this February, Simple Planet was selected to participate in an ₩11 billion national project launched by South Korea’s government to expand the food tech industry, with plans to produce a cultivated fish cake.  We caught up with co-founder & CEO Dominic …

more

Simple Planet's cultivated meat

© Simple Planet
Cultivated Meat

Bio Future Food Industry Association Launches in South Korea to Boost the Cultivated Meat Sector

The Bio Future Food Industry Association has launched in South Korea to support and develop the country’s cultivated meat sector. Established under the Korean biotechnology Industry, the new association boasts participation from 32 members, including the cell ag companies Simple Planet, SeaWith, CellQua, and TissenBioFarm and established food giants like Daesang and CJ CheilJedang. The Association plans to serve as a communication channel with relevant government agencies, hold regular seminars, build a global network, and promote cooperation programs among member companies. The aim is to enhance the country’s competitiveness in the global cultivated meat market. Uniting efforts The inaugural meeting was held at the COEX convention center in Gangnam-gu, Seoul, where Simple Planet’s CEO, Dominic Jeong, was elected as the inaugural chairman. Jeong holds a Ph.D. …

more

Dominic Jeong, CEO of Simple Planet.

CEO Dominic Jeong © Image courtesy of Simple Planet

Company News

Simple Planet to Develop Cell Ag Technologies Under South Korea’s National Project for Food Tech

Cultivated meat ingredients developer Simple Planet announces that it has been selected to participate in an ₩11 billion national project launched by South Korea’s government to expand the food tech industry. The national project involves various individual projects led by different governmental institutions, including the Korea Institute of Planning and Evaluation for Technology in Food, Agriculture and Forestry (IPET), the Korea Agriculture Technology Promotion Agency (KOAT), and the Korea Institute of Marine Science and Technology Promotion (KIMST).   As Simple Planet explained to Cultivated X, the company will be developing cell ag technologies for different purposes: The first project under the umbrella of KOAT’s agri-food venture nurturing program will focus on cultivated foods to replace animal-derived ingredients. A second activity involves establishing pluripotent stem cell lines and differentiation and …

more

Cultivated ingredients producer Simple Planet

© Simple Planet
Cultivated, Cell-Cultured & Biotechnology

Simple Planet Raises $6M for Cultivated Ingredients in Oversubscribed Funding Round

South Korea-based Simple Planet, a producer of cultivated ingredients, has raised $6 million in an oversubscribed pre-series A round. Participants included POSCO CAPITAL, DCP Private Equity, EASY Holdings, Hyundai Venture Investment, and more. A previous $1.5 million investment led by Pulmuone takes Simple Planet’s total funding to $7.5 million, which is particularly impressive in light of the challenging investment climate. Some of the funding will be used to build a facility for the mass production of Simple Planet’s high-concentrate cultivated meat powder. The remainder will be used to optimize development processes, enter global markets, and gain regulatory approvals. Simple Planet’s technologies include a suspension cell-culture platform with 13 cell lines from cows, pigs, chickens, and fish. The company launched a convenience food brand, Balboa Kitchen, …

more

Simple Planet makes cultivated meat powder for f&&B applications

© Simple Planet
Cultivated, Cell-Cultured & Biotechnology

South Korea’s Simple Planet Reveals Plans to Bring Cultivated Meat Powder to North America

Simple Planet, a biotech company based in South Korea that produces cell-based food ingredients, has revealed plans to venture into the global market by establishing branches in North America in the second half of 2023.  Instead of growing pieces of meat or seafood, Simple Planet produces cultivated meat powder and cultivated unsaturated fat. Its products are designed to improve the nutritional profile of foods while enhancing their flavor. They can be used in multiple F&B applications, including senior and infant foods. This versatility will allow these ingredients to enter the market more easily than cultivated finished products. The company says that its latest progress in scaling its cell culture platform and cell organization technology has led to this overseas expansion plan. Additionally, the recent approvals to sell …

more

Simple Planet makes cultivated meat powder for f&&B applications

© Simple Planet
Company News

South Korea’s Simple Planet Reveals Plans to Bring Cultivated Meat Powder to North America

Simple Planet, a biotech company based in South Korea that produces cell-based food ingredients, has revealed plans to venture into the global market by establishing branches in North America in the second half of 2023.  Instead of growing pieces of meat or seafood, Simple Planet produces cultivated meat powder and cultivated unsaturated fat. Its products are designed to improve the nutritional profile of foods while enhancing their flavor. They can be used in multiple F&B applications, including senior and infant foods. This versatility will allow these ingredients to enter the market more easily than cultivated finished products. The company says that its latest progress in scaling its cell culture platform and cell organization technology has led to this overseas expansion plan. Additionally, the recent approvals to sell …

more