Florida-based venture capital firm Clear Current Capital announces its new impact fund focusing on early stage investments in US companies in the plant-based food, cell-cultured meat and fermented food spaces, as well as other mission-aligned enterprises. Fund ll expands the mission of Clear Current Capital, by creating additional resources focused on environmental sustainability, animal cruelty, and large-scale industrial food, as well as providing climate, health, and food transparency solutions.
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.
Companies developing sustainable meat and dairy alternatives smashed records with a €2.6B ($3.1B) haul last year. Why has it been such a bumper harvest?
In spite of the financial chaos resulting from the Covid-19 pandemic over the last 12 months, a staggering €2.6B ($3.1B) in funding went to companies in the meat and dairy alternatives sector, according to the nonprofit the Good Food Institute (GFI). This tripled 2019’s total.
Developers of plant-based alternatives reaped the lion’s share with €1.8B ($2.1B); biotechs producing protein via fermentation took a neat €497M ($590M); and more than €303M ($360M) backed companies developing cultured meat.
The New Food Invest is a 3-in-1 conference format, catering for three different time zones on a single day: it provides convenient access for the Asian/Australian market followed by the European/Middle Eastern region and closes with a focus on the North & South American continent. Each NFI ticket grants access to all sessions and leverages the value of the event, providing you with 12 hours of attractive programming.
Source: New Food Invest
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.