Egg replacer

Barcelona's UOBO, a food-tech startup on a mission to revolutionize food manufacturing with alternatives to eggs, has raised €500,000 to develop new products.

© UOBO
Investments & Finance

UOBO Secures Six-Digit Funding, Joins Forces with Cubiq Foods to Create Egg Replacers for Manufacturers

Barcelona’s UOBO, a food tech startup on a mission to revolutionize food manufacturing with alternatives to eggs, has raised €500,000 in a seed funding round led by Enzo Ventures. The new funding will be used to develop new products and expand operations. This January, the startup launched liquid plant-based eggs for food service, which have garnered impressive feedback. The product, made with canola and potato protein, is said to replace eggs in multiple dishes, from omelets to pastries, while offering an authentic taste. “We are thrilled to have the support of Enzo Ventures as we scale our business and bring our innovative solutions to the market,” said Sergi M., co-founder of UOBO. Replacing eggs in manufacturing UOBO has also announced a partnership with the food-tech …

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Colourful vegan doughnuts

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Ingredients

Ingood by Olga Unveils New Plant-Based Ingredient for Egg-Free Baking: Fermented Lentil Powder

The French plant-based ingredients company Ingood by Olga has unveiled a new product: LENGOOD, a fermented lentil powder for clean label, egg-free bakery and pastry products. Derived from French green lentils and fermented with a natural and solvent-free process that took the company more than two years of R&D to establish, the innovative ingredient is said to offer functional, nutritional, economic, and environmental benefits. The new fermented lentil powder, which the company claims will help manufacturers address the rising cost of eggs and the growing demand for egg-free products, will be showcased at the upcoming Food Ingredients Europe event in Frankfurt this November. Ingood by Olga says, “LENGOOD® is a clean-label ingredient that contributes to an ‘E’-free ingredient list with its name ‘fermented lentil powder.’ As …

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Rice pea protein powder

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Investments & Finance

Nandi Proteins Secures £500,000 for Egg White Replacer for “Undesirable Ingredients”

Food science innovator Nandi Proteins has secured over £500,000 in funding through a convertible loan from investors including Nesta, the UK’s social innovation agency, and Scottish Enterprise. The new capital will support the development of the company’s egg white replacer for gluten-free bakery and mycoprotein alternatives, which has attracted “strong interest” from manufacturers. Nesta Impact Investments (NII), Nesta’s investment arm, has pledged to support an upcoming equity raise with an additional £1 million to complete the target of £1.5 million. The VC Frontier IP holds a 19.7% equity stake in Nandi Proteins. CEO David Flower shared, “We are delighted with this funding from Nesta and Scottish Enterprise and Nesta’s commitment to invest in our equity raise. It provides further validation for our innovative food ingredient …

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