Konscious Plant-Based Sushi

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Market & Trends

Navigating Turbulence: 8 Plant-Based Brands Riding the Crest, Not Weathering the Storm

While some brands are struggling in the current economic climate (both plant-based and conventional), many are not just surviving but thriving, expanding into new markets and raising large sums of funding. Here, we take a look at some of the biggest industry success stories of 2023. Konscious Foods Canada’s Konscious Foods raised $26 million in seed funding at the beginning of this month, with the aim of making its plant-based seafood more widely accessible. The company now plans to launch at over 4,500 more stores across North America by the end of the year, while also expanding into more food service locations. The seafood alternatives are already available at all Whole Foods locations US-wide, and one investor says it expects Konscious Foods to “transform plant-based …

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Umami United raises funds to develop an egg white replacer for bakery and confectionary applications

Image courtesy of Umami United

Investments & Finance

Umami United Secures Funds to Develop Egg White Replacer, Bringing Total Raised to JPY 240M

Japanese food tech company Umami United announces the closure of a Pre-Series A round as Japanese interest in egg alternatives continues to thrive. The round was led by Beyond Next Ventures, a VC supporting early-stage entrepreneurs across Japan and India. Genesia Ventures, a Tokyo-based investor focusing on sustainability, also backed the food tech in this round. The total investment that Umami United has received to date is JPY 240 million. Headquartered in Singapore, Umami United develops plant-based eggs for the food industry. The company claims its product replicates the sensory attributes and functionalities of eggs, offering multiple applications for prepared foods and confectionery goods. With the new capital, the company will increase its R&D capabilities to develop an egg white replacer for the bakery and confectionery …

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