Tomorrow Foods

Image courtesy of Tomorrow Foods
Investments & Finance

Tomorrow Foods Receives Blue Horizon Funding to “Drive the Protein Transformation” in South America

Blue Horizon today announces the completion of seed financing round for Tomorrow Foods, marking its first investment into South America. The funds will allow Tomorrow Foods to accelerate business expansion across the region and additionally, the company reports its plans to open an industrial facility unique to the region this month.   Tomorrow Foods, a fast-growing brand which secured $3 million from local angel investors and biotech companies last September, is to build what the company says is the first plant-based R&D centre on the continent. The facility will include a “powerful and resourceful team with very specific expert knowledge in each area” according to the press release. Through the new centre, Tomorrow Foods states it will have access to capabilities in extraction, isolation and functionalization, …

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Frizata vegan burger

©Frizata
Market & Trends

Alt Meat Continues to Gain Traction in Argentina, The “Land of Beef” 

Argentina, a country famed for its beef culture and one of the highest levels of meat consumption in the world, is seeing plant-based meat production reach unprecedented levels.  Driven by demand from consumers concerned about environmental, nutritional, and animal welfare issues – particularly from younger generations – the country is experiencing a surge in alt meat interest. vegconomist takes a look at some of the players on the burgeoning Argentinian alt protein scene:  Kernel Mycofoods / Eternal This week saw Kernel Mycofoods rebrand as Eternal. The Buenos Aires-headquartered biotech uses AI, computer vision, and proprietary tech to create mycoprotein; sustainable proteins from fungi. Eternal has ambitious plans for 2022, recently raising over $15 million and announcing a potential public listing. “We feel Eternal reflects better …

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Image courtesy of Tomorrow Foods
Investments & Finance

Argentina: Tomorrow Foods Raises $3M to Accelerate Protein Transition in the Region

Argentine company Tomorrow Foods, which specializes in the development of plant-based protein systems and solutions for the food and beverage industry, has recently secured investments of USD 3 million, after two years of growth in the South American nation. The injection of funds will allow the continuation of its business plan, and marks the conclusion of its second round of investments, following the one made in 2019 by the biotech company builder GRIDX. “From the very beginning we were amazed by our team. Their determination and professionalism were key to us moving forward with the first investment. Their execution capacity showed how great a team they are and allowed us to renew our bet by participating in this new round. Latin America needs companies like …

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