The Good Food Institute today issues its latest industry report, this time spotlighting the fermented foods industry. Globally in 2019, fermentation companies raised over 3.5 times more capital than cultivated meat companies and close to 60% as much as US plant-based meat, egg, and dairy companies that year.
CULT Invests in Africa’s First Precision Fermentation Company De Novo Dairy
Africa’s first precision fermentation company De Novo Dairy this week received an early-stage investment from Canadian cellular agriculture investment company CULT Food Science Corp. The investment strengthens the alt-protein space in Africa, as well as the ongoing investment boom in fermentation companies CULT Food Science claims that this net-new exposure to cell-based dairy continues to broaden its cell-based portfolio, in which well-established companies can be found, including Singapore cultivated seafood …