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, …

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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 …

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