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Singaporean precision fermentation company TurtleTree announces a new commercial partnership for its flagship whey protein lactoferrin, LF+, with Strive, a F&B company specializin in bringing novel protein products to market.

Image courtesy of TurtleTree

TurtleTree & Strive to Launch Health-Focused Beverages Powered by Animal-Free Lactoferrin

Singaporean precision fermentation company TurtleTree announces a new commercial partnership with Strive Nutrition, an F&B company bringing novel proteins to market, for LF+, claimed to be the world’s first GRAS and vegan-certified animal-free lactoferrin. The companies will introduce two health-focused products in the USA by 2025: an immunity support beverage for adults and a ready-to-mix protein powder targeted for sports nutrition. According to the announcement, the collaboration aims to capitalize on the growing functional beverage market, where 83% of US consumers currently drink functional beverages as part of their self-care routine. [perfectpullquote align=”full” bordertop=”false” cite=”” link=”” color=”” class=”” size=””]”…they are targeting an industry and segment of a population that is only growing globally”[/perfectpullquote] The news follows TurtleTree’s first-ever commercial partnership to launch a functional espresso featuring …

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Spain’s MOA Foodtech, a B2B platform for alternative proteins and sustainable ingredients, announces the closure of a series A funding round led by the Dutch venture capital firm ICOS Capital.

Image courtesy of MOA Foodtech

MOA Foodtech Raises Funds to Scale AI-Driven Production of Highly Nutritious Microbial Proteins

Spain’s MOA Foodtech, a B2B platform for alternative proteins and sustainable ingredients, announces the closure of a Series A funding round led by the Dutch venture capital firm ICOS Capital. Notable investors ClaveMayor, Viscofan, SODENA, and Banco Sabadell also participated. Founded in 2021 in Pamplona, Navarra by Susana Sánchez (CSO), José María Elorza (CFO), and Bosco Emparanza (CEO), MOA Foodtech leverages precision fermentation, agrifood side streams, and AI to discover and deliver carbon-efficient microbial proteins and functional ingredients for the F&B industry. [perfectpullquote align=”full” bordertop=”false” cite=”” link=”” color=”” class=”” size=””]”The funds will be primarily used to enhance our commercial strategies and continue developing our AI platform”[/perfectpullquote] The financial boost aims to facilitate a comprehensive market launch targeting international customers. To do so, the company will …

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Cellivate Technologies' team

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Cellivate Technologies Wins $3.3M on Business Reality TV Show to Reduce Animal Slaughter Using Cells

Singapore’s Cellivate Technologies, a deep-tech startup developing cell-based solutions for cultivated meat, leather, and cruelty-free cosmetics, has emerged as the top winner of Channel News Asia’s (CNA) business reality show, The Big Spark. After competing with two dozen regional startups, Cellivate Technologies will potentially receive SGD 4.15 million (around $3.3 million) in funding from five venture capital companies, including Singapore’s Antler and Rigel-Farro Capital, which according to CNA, will support the cell ag startup with SGD 3.3 million. At The Big Spark, CEO and founder Dr. Viknish Krishnan-Kutty highlighted the topic of ethical meat consumption via plant-based and cell-based solutions. He said the funds would expand R&D, production capabilities, and the company’s team, adding a commercial unit for business growth. The problem of capital for …

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Dutch food tech pioneer Revyve to debut yeast-based egg replacer for plant-based burgers in Chicago

© Alessa Joseph - Image courtesy of revyve

Revyve Introduces “Super Clean” Yeast-Based Egg Replacer for Plant-Based Burgers at IFT First 2024

Dutch food tech company Revyve announces it will debut its high-performance, clean-label egg replacer designed to enhance the texture of plant-based burgers at IFT First 2024. The ingredient, made with Revyve’s yeast proteins, is said to mimic the functionality of egg whites (heat-set gelling, binding, and emulsification), delivering the sensory experience consumers expect in plant-based meat. [perfectpullquote align=”full” bordertop=”false” cite=”” link=”” color=”” class=”” size=””]”At Revyve, we have taken yeast functionality to the next level”[/perfectpullquote] According to the Dutch company, its egg replacer — the first to be available on a broad commercial scale — is sustainable, price-competitive, designed for easy use with standard processing equipment, and compliant with all international regulatory requirements. Edgar Suarez Garcia, Revyve’s CTO and co-founder, shares, “At Revyve, we have taken …

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South Africa’s Immobazyme, a precision fermentation company spin-off from Stellenbosch University, has raised $1.3 million in a recent investment.

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South Africa’s Immobazyme Raises $1.3M to Boost Production of Precision Fermentation-Derived Proteins

South Africa’s Immobazyme, a precision fermentation company spin-off from Stellenbosch University, has raised $1.3 million in a recent investment round led by the University Technology Fund (UTF) with the participation of Innovus (University of Stellenbosch Enterprises). [perfectpullquote align=”full” bordertop=”false” cite=”” link=”” color=”” class=”” size=””]”Precision fermentation is transforming the industrial landscape”[/perfectpullquote] Immobazyme develops high-value proteins for various industries, including cultivated meat. The new capital will support the company’s production expansion, which includes doubling its current facility size and scaling its platform. This round brings its total raised capital to ZAR 24 million. “We’re incredibly grateful to all our investors and partners for recognizing the value and impact of our work. Daniel S., Wayne Stocks, and the rest of the team at The University Technology Fund (UTF), having …

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matrix f.t.'s cultivated chicken nuggets on a plate with sauce and two strawberries.

© Matrix F.T.

Ohio Rep. Introduces Bill to Ban Federal Support for Cultivated Meat, Citing Threats to Health and Farmers 

Warren Davidson, a Republican Party member and US representative for Ohio’s 8th congressional district, has recently introduced the REAL Meat Act of 2024 to prohibit using federal funds for any activity related to cultivated meat, including research, production, promotion, and advertisement. Rep. Davidson argues that cultivated meat poses health risks and threatens the livelihood of traditional meat producers. He calls for federal action to ensure taxpayer money isn’t spent on what he terms an “inferior, experimental product.” The legislation would also ban using this cell-based meat in federal nutrition programs like the Supplemental Nutrition Assistance Program (SNAP). Rep. Davidson said, “Fake cell-cultured meat not only poses a health risk to the human body, but it also threatens the livelihoods of America’s hard-working ranchers, livestock farmers, and …

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UPSIDE Foods is hosting a free one-night-only pop-up in Miami to offer cultivated chicken before Florida's cultivated meat ban takes effect on July 1, 2024.

© UPSIDE Foods

UPSIDE Foods Hosts Free Cultivated Chicken Tasting Before Florida’s Ban

UPSIDE Foods, the first company to introduce a cultivated meat product in the USA,  announces that it is hosting a free, one-night-only pop-up tasting in Miami, on June 27, starting at 6:30 pm (ET). The event aims to celebrate “freedom of food” and allow Floridians to taste cultivated meat before the ban prohibiting the production and sale of cultivated meat in Florida takes effect on July 1, 2024. [perfectpullquote align=”full” bordertop=”false” cite=”” link=”” color=”” class=”” size=””] “We believe in a future where everyone has access to delicious food options”   [/perfectpullquote] At the pop-up, participants will have the opportunity to taste UPSIDE’s cultivated chicken on a first-come, first-served basis. The address has not been disclosed; to obtain it, contact media@upsidefoods.com. Dr. Uma Valeti, CEO and founder …

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Investment Climate Podcast: Mariliis Holm of Sustainable Food Ventures – How to Get Funded in 2024

In this podcast series, co-produced by vegconomist, Alex Shandrovsky interviews investors about benchmarks for funding Alt Proteins in 2024 and uncovers the investment playbooks of successful Climate Tech CEOs and Leading VCs.  Podcast Host Alex Shandrovksy is a strategic advisor to numerous global food tech accelerators and companies, including alternative proteins and cellular agriculture leaders. His focus is on investor relations and post-raise scale for agrifood tech companies. Find parts one, two, three, and four by clicking on the links. Episode 05: Mariliis Holm of Sustainable Food Ventures In this episode, Alex talks to Mariliis Holm, co-founder and partner of Sustainable Food Ventures, which backs early-stage founders building leading cell-based, plant-based, and fermentation food companies. Mariliis talks about their investment process and how possible it …

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Singapore Grants University of Illinois ARCS $14.8M to Launch Precision Fermentation Center

The team led by Professor Yong-Su Jin at the Illinois Advanced Research Center at Singapore (ARCS), an affiliated center of the University of Illinois Urbana-Champaign, has received a five-year, $14.8 million grant from Singapore’s National Research Foundation (NRF) to establish the Centre for Precision Fermentation and Sustainability (PreFerS). According to the announcement, the research at the new center will focus on microbial cell engineering or precision fermentation to convert readily available compounds like sugars into molecules, including alternative proteins, healthy fats, and vitamins. PreFerS aims to improve food supply chain resilience, reduce environmental impacts associated with food production, and address micronutrient deficiency, touted as the hidden hunger. Regarding its broader impact, the project aims to help Singapore achieve its goal of locally producing 30% of …

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bioreactor platform ever after foods

Image courtesy of Ever After Foods

Ever After Foods Raises $10M for “Unmatched” Cost-Effective Bioreactor Platform for Cultivated Meat Producers

Israel’s Pluri (Nasdaq: PLUR) (TASE: PLUR) announces that its cultivated meat subsidiary Ever After Foods, formerly Plurinuva, has secured $10 million in a funding round from US and EU strategic investors, including a second investment from Israel’s Tnuva Group and Pluri itself. [perfectpullquote align=”full” bordertop=”false” cite=”” link=”” color=”” class=”” size=””] “The shift to a technology enabler will allow us to serve more players in the value chain”   [/perfectpullquote] With the new capital, Ever After Foods aims to propel its technology platform to become a technology enabler for cultivated meat producers. The company claims it has developed a cutting-edge bioreactor platform to produce cultivated foods with “unmatched” cost-efficient scalability. Eyal Rosenthal, CEO of Ever After Foods, shared, “Ever After Foods’ unique and innovative production platform …

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Palacios to use The EVERY Egg in its Spanish omelets

© The EVERY Co

“World’s Largest” Spanish Omelet Producer Partners with Every Co to Use the EVERY Egg

Grupo Empresarial Palacios Alimentación, which claims to be the world’s largest producer of Spanish omelets and string chorizo, has announced a commercial agreement with US biotech firm The Every Company. Following the agreement, Palacios will use the EVERY Egg — said to be the world’s first liquid egg product made using precision fermentation — in its flagship Spanish omelets. The egg alternative will also be incorporated into the research and development of new products. Palacios says it has a “firm commitment to innovation”, adding that the company is at the forefront when it comes to incorporating new innovations into traditional recipes. The EVERY Egg is said to provide a safe and reliable alternative to conventional chicken eggs, whose supply has been affected by issues such …

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Believer Meats partners with AGWA to develop cultivated meat capabilities in the MENA region

Image: AGWA/Believer Meats

Believer Meats Partners With AGWA to Develop Cultivated Meat Capabilities in the Middle East

Biotech firm Believer Meats has announced a collaboration with Abu Dhabi food and water cluster AGWA (AgriFood Growth & Water Abundance) to develop its cultivated meat capabilities in the Middle East & North Africa (MENA) region. Believer Meats aims to establish a regional headquarters in Abu Dhabi that will support commercial operations, product manufacturing, and R&D. This will bring new job opportunities to the region, while supporting AGWA’s goals to improve food security and address water scarcity. The collaboration will help Believer Meats achieve its vision of a global platform, showing that the company’s model can be effectively scaled and replicated in new markets. Additionally, the two organizations will explore establishing a Believer Meats Innovation Academy, with the intention of developing talent in the field …

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Michelin, Danone et al to open precision fermentation plant in France

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Danone to Open Precision Fermentation Center ‘Biotech Open Platform’ in France with Strategic Players

French dairy giant Danone, engineered materials group Michelin, the US startup DMC Biotechnologies, and Crédit Agricole Centre France have partnered to create the Biotech Open Platform. The new center will focus on precision fermentation, a technology pivotal for innovation in agri-food and materials with the potential to address the need for sustainable alternatives to animal and fossil-based products, according to the announcement. [perfectpullquote align=”full” bordertop=”false” cite=”” link=”” color=”” class=”” size=””]”We have always been focused on investing in the future of food”[/perfectpullquote] Located in the commune of Clermont-Ferrand in Auvergne, at the Parc Cataroux Center for Sustainable Materials, an innovation accelerator supported by Michelin, the platform aims to support the development of biosolutions on a larger scale. Antoine de Saint-Affrique, CEO of Danone, said: “At Danone, we have …

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Investment Climate Podcast: Rob Leclerc of AgFunder – How to Get Funded in 2024

In this podcast series, co-produced by vegconomist, Alex Shandrovsky interviews investors about benchmarks for funding Alt Proteins in 2024 and uncovers the investment playbooks of successful Climate Tech CEOs and Leading VCs. Podcast Host Alex Shandrovksy is a strategic advisor to numerous global food tech accelerators and companies, including alternative proteins and cellular agriculture leaders. His focus is on investor relations and post-raise scale for agrifood tech companies. Episode one can be found here, the second is here, and part three is here. Episode 04: AgFunder’s Rob Leclerc In this episode, Alex talks to Rob Leclerc, founding partner of AgFunder which has about $200 million in assets under management. Rob talks about how investors are looking into companies nowadays and their expectations. He also discussed …

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Swedish foodtech startup Mycorena announces the discontinuation of its large-scale factory project in Sweden for scaling its mycoprotien Promyc

© Mycorena

Mycorena Pauses Large-Scale Mycoprotein Facility: “Investors are Hesitant to Back Projects with Heavy Capital Requirements”

Pioneering mycelium-based solutions company Mycorena announces it is discontinuing its large-scale factory project in Sweden for Promyc, its flagship mycoprotein ingredient. Planned in 2022 and designed with Tetra Pak, the large-scale production factory aimed to supply the then “booming” plant-based market with volumes of mycoprotein: 5,000 tons by the end of 2023, with a total production volume of up to 100,000 tons in multiple stages. [perfectpullquote align=”full” bordertop=”false” cite=”” link=”” color=”” class=”” size=””]”The market sentiments changed drastically”[/perfectpullquote] Despite significant growth and raising over €35 million in funding, including a €24 million Series A round, Mycorena says it has faced changing market conditions such as reduced investor interest in capital-intensive projects within the food tech industry and a slowdown in the plant-based meat market. The company …

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The EVERY Co. has partnered with Canada’s Landish Foods, to launch FERMY, a new line of ready-to-mix protein powders featuring its precision fermentation-derived egg white protein.

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The EVERY Co. and Landish Unveil FERMY Functional Coffee & Latte Mixes with Fermented Egg Proteins

US biotech The EVERY Co. announces it has partnered with Canada’s Landish Foods, a nutritional wellness products leader in North America, to launch FERMY, a new line of ready-to-mix protein powders for beverages featuring its precision fermentation-derived egg white protein. [perfectpullquote align=”full” bordertop=”false” cite=”” link=”” color=”” class=”” size=””]”So many of us with rushed mornings are not getting enough protein to start the day”[/perfectpullquote] The new products under the new brand FERMY — Protein Coffee Enhancer and Protein Matcha Latte — offer 8 grams of digestible egg protein, as well as other brain-boosting ingredients such as MCT oil and lion’s mane mushroom. The products cater to consumers looking to maintain health-focused lifestyles with products that integrate seamlessly into their morning routines without sacrificing taste or convenience. …

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© Future of Foods

Future of Foods Podcast: Mark Warner, CEO of Liberation Labs

Alex Crisp, Host of Future of Foods Interviews, talks to Mark Warner CEO of Liberation Labs about building massive capacity for producing ‘hero’ proteins without using animals. Going forward much of our milk and eggs could come from precision fermentation facilities such as those being constructed by Liberation Labs. The Indiana-based biomanufacturing firm says that it “works with biotechnology’s visionaries to commercialize the bioproducts of the future – foods, materials, and yet to be discovered breakthroughs that will make all of our lives better.” Liberation Labs received $10 million from Agronomics this April for its previously announced commercial-scale biomanufacturing facility in the Midwest Industrial Park in Richmond, Indiana. The plant is due to be fully completed by the end of this year, explains Warner, who …

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SCiFi Foods Cultivated Beef

Co-founders Joshua March & Kasia Gora ©SCiFi Foods

SCiFi Foods Ceases Operations Amid Funding Challenges

SCiFi Foods, a startup engaged in developing cultivated meat, has ceased operations and initiated the sale of its intellectual property and assets through an advisory firm. The San Leandro, California-based company, originally founded as Artemys Foods in 2019, had rebranded to SCiFi Foods in 2022. The company aimed to produce a hybrid burger combining cultivated beef and plant-based ingredients to reach price parity with conventional beef. [perfectpullquote align=”full” bordertop=”false” cite=”” link=”” color=”” class=”” size=””]”We did not make this decision lightly, but it was the best option”[/perfectpullquote] The company had raised approximately $40 million from various venture capital funds and notable investors, including the British band Coldplay, according to AgFunderNews. SCiFi Foods distinguished itself by utilizing CRISPR technology to accelerate the cultivation process and by aiming …

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A tray of food for the military

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US Department of Defense Calls for Proposals to Develop Cultivated Meat for Military Rations

The U.S. Department of Defense’s manufacturing innovation institute, BioMADE, has released a call for proposals to develop sustainable food and material solutions for military operations through its Sustainable Logistics for Advanced Manufacturing (SLAM) Project. The project seeks solutions to address the causes or impacts of global climate change, including sustainable food production such as fermented proteins and cultivated meat. According to BioMADE, the proposals must emphasize their technological components and demonstrate a DoD-relevant application of the innovation within one of the specified focus areas. Academic institutions, small businesses, and non-profit organizations can apply for awards ranging from $500,000 to $2 million. Novel proteins in military rations The call’s focus areas include sustainable food production, converting waste to bioproducts, carbon capture technologies, lowering the resource requirements …

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The Better Meat Co. announces it has "dramatically" reduced the cost of its flagship ingredient, mycoprotein Rhiza.

Beef Wellington - Image courtesy of The Better Meat Co.

The Better Meat Co. Slashes Mycoprotein Cost, Targeting Price Parity with Beef

California’s The Better Meat Co., a B2B company harnessing biomass fermentation and fungi to make sustainable alternatives to animal proteins, announces it has “dramatically” reduced the cost of its flagship ingredient, mycoprotein Rhiza. The Better Meat Co. (BMC) explains it has achieved 100 successful harvests from its large-scale 9,000 L fermentation system at its Sacramento pilot plant. This large-scale production has significantly reduced the final cost of Rhiza, reaching cost parity with commodity beef. Rhiza is said to boast a meaty texture and a unique nutritional profile; it provides more protein than eggs, outshines beef in terms of iron and zinc, offers more fiber than oats, and has more potassium than bananas. It is also naturally allergen-friendly and free from cholesterol, saturated fat, and trans …

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