Israeli foodtech company InnovoPro has launched what it claims is the first ever texturized vegetable protein (TVP) made from chickpeas. TVP is used as a base for making meat alternatives such as burgers, nuggets, and sausages.
Equinom Closes $35M in Funding to Scale Minimally Processed, Non-GMO Plant Protein
Israeli nutrition company Equinom announces the close of $35M in funding to bring its more optimized plant proteins to market. The round brings the company’s total funding to date to $71M. Equinom will use the capital to accelerate the commercialization of its plant protein ingredients, which will be sold to food companies via established multinational suppliers. Equinom specializes in breeding new non-GMO varieties of important proteins used by the plant-based industry, such as soy and pea, that are optimized for food production and require less processing. These improved proteins are said to offer better taste and nutrition while reducing production costs and complexities. According to Equinom, this thus enables food companies to develop tastier and more affordable alternatives to meat and dairy. “Today’s food system …