Wide Open Agriculture lupin

© Wide Open Agriculture

Company News

Wide Open Agriculture Secures Ingå Group as Exclusive Distributor for Lupin-Based Proteins in Europe

Wide Open Agriculture Limited (WOA), an Australian-based regenerative food and agriculture company, announced that it has signed a non-binding term sheet alongside Ingå Group (Ingå), a sustainable food ingredient developer. The term sheet outlines a proposed distribution and investment agreement that positions Ingå as the exclusive distributor of WOA’s lupin-based proteins in Europe. Recently acquired from German lupin protein producer ProLupin, WOA’s lupin-based protein isolates, which the company has branded Buntine Protein®, can be used in plant-based dairy, alternative meats, baked goods, and protein supplements. As part of the agreement, Ingå will invest €500,000 (A$825,000) in Wide Open Agriculture Germany GmbH, a subsidiary of WOA. This investment is expected to grant Ingå a 15% stake in Wide Open Agriculture Germany GmbH, valued at €2.9 million, …

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MADE WITH LUVE (c) Prolupin GmbH

© Prolupin

Investments & Acquisitions

Wide Open Agriculture Acquires German Lupin Protein Producer Prolupin

Australian regenerative food and agriculture company Wide Open Agriculture (ASX: WOA) has acquired Germany’s leading sweet lupin protein producer, Prolupin, for €2.5 million. WOA has stated that the initiative aims to position the company as a global leader. The acquisition includes Prolupin’s manufacturing facility at Grimmen in northern Germany, providing WOA with commercial-scale manufacturing to introduce Buntine Protein, its flagship product, to the European market. According to WAO, the company has a growing pipeline of potential customers and it will be able to supply its lupin products within six months. The facility, which can produce 500 t of lupin protein concentrate, will be upgraded to 1,000 t within one or two years.  Jay Albany, CEO of WOA, said: “This acquisition grants us immediate commercial production capacity in …

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©Quorn

Ingredients

WOA Signs Supply Agreement with Food Giant Monde Nissin for Australian Lupine Protein 

Wide Open Agriculture announces significant milestone in commercializing its Buntine Protein after locking in supply agreement with noodle giant Monde Nissin Australia Wide Open Agriculture (WOA), an Australian company whose subsidiaries include Dirty Clean Food and OatUP, has signed an agreement with Monde Nissin Australia to supply its plant-based Buntine Protein. Buntine is a lupin-based protein concentrate that WOA claims can be used as a main ingredient to replace animal-based ingredients in food and beverage applications.  In response to the growing plant-based foods sector, Monde Nissin Australia will use Buntine Protein – made with lupin seeds regeneratively grown in Australia – to develop various food and beverage products for the Australian market. It is estimated that Monde Nissin will purchase up to 60% of the …

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Mikuna Lupin Protein Powder Range

©Mikuna Foods

Food & Beverage

Mikuna Raises $5.6M in Seed to Scale Clean Lupin-Based Protein “Chocho”

Plant-based protein brand Mikuna announces it has closed an oversubscribed $5.6 million seed round to fuel the company’s scaling and US nationwide launch next year. The round also saw the appointment of Tara Kriese as the company’s new CEO. Just one ingredient Launched in 2021, Mikuna is the first company to introduce Chocho protein to the US market. Made from Andean-grown lupins, Mikuna says Chocho is a regenerative superfood that offers more protein than virtually any known plant while being free from isolates, soy, lectins and gluten.  Made from only one ingredient, Chocho is also nutrient-dense and high in fiber, iron, zinc and calcium. Chocho Superfood Protein is currently sold DTC online and is available in Pure Chocho, Cacao and Vanilla varieties.  Backed by top …

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© Eighth Day Foods

Investments & Finance

Eighth Day Foods Raises $1 Million for Lupin-Based Protein

Australian alt-protein company Eighth Day Foods has raised $1 million in seed funding for its lupin-based protein LUPREME®. The raise was completed in just two days. LUPREME is made from unprocessed sweet lupins, which are a rich source of protein, fibre, and other nutrients. Highly versatile, the protein can be used to make a variety of meat alternatives and is significantly cheaper to produce than meat.  Lupins are also extremely sustainable, helping to regenerate the soil as they grow. Currently, 95% of lupins grown are not used for human food, but some of these could be redirected to meet demand. Recognition and awards Eighth Day’s lupin-based protein has already received the seal of approval from Scott Findlay, a plant-based chef who has worked for numerous …

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Mikuna Lupin Protein Powder Range

©Mikuna Foods

Products & Launches

Mikuna Introduces Chocho, First Lupin-Based Protein Powder to US

Mikuna, a plant-based nutrition company, has launched Chocho – a lupin-derived protein powder that is already outselling pea and soy protein in regional retail stores. Mikuna is the first supplier of Chocho lupin protein in the US, introducing the many benefits of this little-known superfood to a wide American audience for the first time.  Grown in the Andean mountains at elevations of 11,000 to 14,000 feet, Chocho – the local Andean name for the plant – boasts a long list of nutritional attributes. Composed of 54% protein, Chocho offers more protein per serving than virtually any other plant source, outcompeting both soy (36%) and pea (34%) while offering all nine essential amino acids. The product is also high in fiber and provides omegas, iron, calcium …

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Image: Scott Findlay on LinkedIn

Food & Beverage

Paul McCartney and Beyonce’s Private Chef Discovers “Breakthrough” Plant Protein

Plant-based chef Scott Findlay, who trained under Gordon Ramsay and has worked as a private chef for Paul McCartney, Rihanna, Beyonce, Madonna, and Elton John, has sung the praises of LUPREME®, a lupin-based protein developed by Eighth Day Foods. “I’ve yet to come across anything that is as versatile, delicious, and easy to work with” Findlay enthuses: “I’ve been specializing in plant-based recipes since 2004, when I first started cooking for Paul McCartney,” he said. “I’ve travelled all over the world using different plant-based products and I’ve yet to come across anything that is as versatile, delicious, and easy to work with as LUPREME. It’s amazing and I can’t wait to be working more with it.” Eighth Day Foods uses fermentation to lupin beans into …

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