Australian startup Nourish Ingredients, which makes plant-based fats, announced today that it has raised $11 million (USD) in initial funding. The round was led by Horizon Ventures and Main Sequence Ventures (a venture firm founded by Australia’s national science agency).
MeaTech received net proceeds from this offering of approximately $21.9 million, after deducting underwriting discounts and commissions and estimated offering expenses payable by MeaTech. MeaTech intends to use the net proceeds from this offering to advance its program to develop commercial technologies to manufacture alternative foods, including potential acquisitions of other companies whose technologies are complementary or synergistic to its own, and for general corporate purposes, including working capital requirements.
Dutch cultured meat startup Meatable announced today that it has raised a $47 million Series A round of funding. Investors include Dr. Rick Klausner, Section 32, Dr. Jeffrey Leiden, and DSM Venturing, with participation from existing investors including BlueYard Capital, Agronomics, Humboldt, and Taavet Hinrikus. This brings Meatable’s total funding raised so far to $60 million.
Bluu Biosciences has raised €7 million in a round of financing from investors including Manta Ray Ventures, Norrsken VC, Be8, CPT Capital and Lever VC to compete with a host of startups like BluNalu, Wild Type and Shiok Meats in a bid to market with a lab-grown fish replacement.
The company is picking up speed quickly thanks to those other technology providers that are coming to market and will look to have a prototype product out by the end of 2022.
So why is it that women are particularly well-represented in Asian plant-based and cultivated meat companies, compared with other industries and regions? We spoke to some of the brilliant CEOs, scientists, investors, and innovators who have helped transition the region’s alternative protein space from a nascent niche into a global economic engine in just a handful of years, to get insights into how (and why) they made. it. happen.
This week, food company BRF, S.A.—one of the largest meat suppliers in the world—signed a deal with Israel-based cultured meat company Aleph Farms to bring its innovative lab-grown meat to Brazil. Under the Memorandum of Understanding agreement, BRF will co-develop and produce lab-grown meat in one of Aleph Farms’ BioFarm platforms. While traditional animal agriculture requires many inputs and produces large amounts of greenhouse gases, Aleph Farms’ approach relies on a few animal cells that are grown in a bioreactor to create meat without the need to slaughter animals and with a much smaller environmental footprint.
CellMEAT has raised ₩5 billion (approx. US$4.5 million) in a pre-Series A financing round that closed in late January 2021, the company has announced. The funding was led by South Korean private equity and venture capital firm NAU IB Capital, with participation from a number of domestic and international investors including BNK Venture Capital, DT & Investment, Ryu Kyung PSG Asset Management, JNU Holdings, Yonsei Technology Holdings, and Baltimore, U.S.-based firm Knollwood Investment Advisory.
Israeli plant-based meat startup Redefine Meat announced today that it has closed a $29 million Series A round of funding. The round was led by Happiness Capital and Hanaco Ventures with participation from CPT Capital, Losa Group, Sake Bosch, and K3 Ventures. This brings the total amount raised by Redefine to $35 million.
British cell-based meat company CellulaREvolution has raised £1M in its latest funding round, with investors including Orange Light Ventures, CPT Capital, and the Northern Accelerator Seed Investment Fund.CPT Capital is particularly significant because it has previously invested in several highly successful cultured meat startups. These include BluNalu, Memphis Meats, and Aleph Farms.
In January, Aleph Farms signed a Memorandum of Understanding (MoU) with Mitsubishi Corporation’s Food Industry Group to explore the potential of cultivated meat in the increasingly meat-hungry Japan.“This MoU implements specific action items on future consumer acceptance and regulatory pathways. The end goal would be to manufacture and market cultivated meat to the Japanese consumers,” Toubia explained.