Recent Innovations and Developments in Food Technology
In a groundbreaking move, Eat Just, a company renowned for its plant-based eggs and cultivated meat, has officially ventured into the plant-based meat sector. This expansion underscores their commitment to sustainable food alternatives and may reshape consumer expectations in the industry.
This week also brought significant funding announcements from various innovative companies. Notable mentions include AMSilk, which specializes in alt-silk production, NextAGE, a company focused on vertical wasabi farming, and BoobyBiome, a biotech startup dedicated to engineering breast milk alternatives—earning this week’s award for the most creative company name.
Progress in Regenerative Agriculture
In the realm of regenerative agriculture, a collaborative effort between PepsiCo and National Geographic has birthed a new program aimed at raising awareness around regenerative practices. Concurrently, the Rainforest Alliance has introduced a new certification for coffee, promoting sustainable cultivation standards.
Funding Highlights
- 🇩🇪 AMSilk raises €52M to scale industrial production of silk-based biomaterials Vegconomist
- 🇺🇸 Nitricity secures $50M to meet increasing demands for organic fertilizer derived from upcycled almond shells. AgFunderNews
- 🇵🇹 BRAINR raises a record €11M for digital transformation in food manufacturing New Food Magazine
- 🇬🇧 Messium garners £3.3M to innovate global food supply methods Startups Magazine
- 🇬🇧 London biotech reimagining breast milk raises £2.5M UKTN
- 🇫🇮 Finnish startup SuperGround secures €1.15M to commercialize seafood products with Ocean Next AIN
- 🇺🇸 Good Agriculture achieves $1.5M in seed funding to help farmers streamline back-office tasks Good Agriculture
- 🇯🇵 NEXTAGE, an AI-driven wasabi farming company, raises an additional ¥200M in Series A funding The Bridge
- 🇫🇮 Perfat Technologies, based in Finland, raises €1M for its innovative healthy fat solutions Arctic Startup
Mergers, Acquisitions, and Partnerships
- 🇺🇸 National Geographic Society and PepsiCo launch Food for Tomorrow Program iGrow News
- 🇺🇸 Invaio Sciences partners with Coca-Cola and MIT on Save the Orange initiative Invaio
- 🇺🇸 Edacious collaborates with the Regenerative Organic Alliance to showcase regenerative agriculture’s nutritional benefits AgFunderNews
- 🇮🇱 🇨🇭 Aleph Farms signs MoU with The Cultured Hub to establish its first production base in Europe LinkedIn
- 🇵🇱 PepsiCo collaborates with Mars and ADM for a regenerative agriculture initiative in Poland AgFunderNews
- 🇳🇿 🇯🇵 Leaft Foods partners with Japanese firms to introduce RuBisCO protein AgFunderNews
Leadership Changes
- 🇺🇸 Driscoll’s names Jiunn Shih as Chief Marketing Officer Business Wire
- 🇺🇸 Fruitist appoints new CFO and board members The Packer
Additional Updates
- 🇺🇸 Eat Just launches Just Meat plant-based chicken alternative in Texas The Plant Base Mag
- 🇺🇸 Rainforest Alliance unveils new certification for regenerative coffee agriculture ESG Today
- 🇲🇽 Mexico prohibits 35 pesticides to enhance sustainable practices Fresh Plaza
- 🇸🇪 Startup introduces Scandinavia’s first cultivated meat factory Green Queen
- 🇺🇸 FDA advances proposals to amend GRAS regulations Nutra Ingredients
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