Amsterdam-based startup Meatable announces it has secured a further US$ 10 million in seed funding to develop its pork prototype, bringing its total investment to $13 million. The cultured meat company says that with new technology it will be able to cultivate its product at scale and should be ready to launch in summer of 2020.
Lypid Raises $4M in Seed Funding for PhytoFat: Animal-Like Vegan Fats
Lypid, a startup specializing in plant-based fats, has secured a $4 million seed raise to scale PhytoFat – a platform for creating animal-like fats from plant oils. Lypid plans to bring its product to market in 2022 before a wider expansion in the US, Europe and Asia. Created by Jen-Yu Huang and Michelle Lee, Lypid’s PhytoFat platform uses microencapsulation to trap liquid plant oils in water, yielding a product with animal fat-like qualities. The PhytoFat maintains its characteristics when heated above 329 degrees Fahrenheit (165 Celsius), providing vegan fat with a juicier texture, better melting behavior and improved nutrition profile. PhytoFat can be customized to suit different meat-fat applications, such as chicken or beef, and contains no artificial additives, hydrogenation, or trans fats. Using lighter …
