Plantcraft, calling itself the world’s first clean-label, plant-based deli meat company, announces its launch after almost a year of development. We spoke with the two entrepreneurs from Europe and New Zealand behind the new brand, creating innovative lunch meats out of banana and legumes.
Prime Roots’ Total Funding Reaches $50M Following Series B Round
Prime Roots, a producer of koji mycelium-based deli meats, has secured $30 million in a Series B round. The raise takes the company’s total funding to $50 million. True Ventures, Pangaea Ventures, SOSV/IndieBio, and Monde Nissin (the parent company of Quorn) all participated in the round, among others. Prime Roots will use the funding to scale and expand to deli counters and restaurants nationwide. Prime Roots claims to be able to identically replicate the microscopic texture of meat through proprietary fermentation and food science technology. The company offers a range of alternatives to deli meats, including cracked pepper turkey, black forest ham, hickory bacon, salami, and pepperoni — all developed alongside acclaimed chefs. The products can be made in just three days, compared to months …