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Green Finance
The State of European FoodTech: Funding Declines, More Deals, Alt-Protein Wins & Promising Future
Amid a backdrop of a fall in food tech investments globally, Europe also suffered a decline – but the number of financing deals went up, with food science and agtech funding on the rise, according to DigitalFoodLab's 2024 State of European!-->…
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Future Food Quick Bites: Vegan Shawarmas, Pamela Anderson & Jobs for Cats
In our weekly column, we round up the latest news and developments in the alternative protein and sustainable food industry. This week, Future Food Quick Bites covers Pamela Anderson's new vegan cookbook, OMNI's call for cat taste-testers!-->…
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Ironic Biotech Bags €1M to Develop Iron-Rich Plant Proteins via Precision Fermentation
Swedish food tech startup Ironic Biotech has raised €1M in pre-seed funding to accelerate the development of its plant-derived heme iron ingredient, which is produced via precision fermentation.
The funding round was led by!-->!-->!-->…
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US Banks Have Provided $134B in Livestock Funding Since 2016, With Nestlé & ADM Biggest Beneficiaries
Despite net-zero plans, banks in the US are fuelling the expansion of industrial livestock production by financing corporations whose emissions are higher than all of Japan, according to new research.
A total of 58 US banks provided!-->!-->!-->…
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New Zealand Plant-Based Pioneer Sunfed Meats to Shut Down After Post-Pandemic Pressures
One of Asia-Pacific's foremost plant-based meat companies, New Zealand-based Sunfed Meats, is shutting down after facing supply chain pressure, high costs, and a loss of faith from its investors.
A week after it emerged that investors!-->!-->!-->…
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Climate & Animal Activists Urge World Bank to Stop Financing Factory Farms
The World Bank's private sector arm is facing calls from climate and animal rights campaigners to phase out its financial support to industrial livestock farming.
Friends of the Earth, Compassion in World Farming and other climate and!-->!-->!-->…
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82% of EU Subsidies Go to Livestock Farming – Four Times More Than Plant-Based Food
A majority of the EU's farmer subsidies through the Common Agriculture Policy go to animal agriculture, which accounts for 84% of the bloc's food emissions, undermining its climate goals for 2050.
The EU aims to make Europe the first!-->!-->!-->…
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Future Food Quick Bites: Oatly Jiggers, Flavoured Barista Milks & A Factory Farming Vote
In our weekly column, we round up the latest news and developments in the alternative protein and sustainable food industry. This week, Future Food Quick Bites covers flavoured barista milks, Oatly's new Jiggers, and Quorn's summer revamp.!-->…
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Molecular Farming Startup Finally Foods Emerges From Stealth with Pre-Seed Funding to Develop Casein Proteins
Israeli startup Finally Foods has emerged from stealth with a pre-seed investment from The Kitchen FoodTech Hub to develop proteins from potatoes via molecular farming, starting with casein.
Established by computational biology company!-->!-->!-->…
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‘Simply Absurd’: 95% of Starbucks Shareholders Vote Against PETA’s Call to Drop Non-Dairy Surcharge
During Starbucks' annual shareholder meeting this month, 94.7% voted against PETA's proposal to drop the extra charge for plant-based milk in the US, with the board of directors stating that prices are dictated by country-specific market!-->…
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Shicken Secures Additional £4M Funding from Veg Capital to Scale Up Asian Alt-Meat Portfolio
UK startup Shicken has raised £4M in funds from Matthew Glover's Veg Capital, which has tripled its investment in the plant-based meat brand. The financing will go into a manufacturing facility to scale up production of its Asian-inspired!-->…
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FoodTech 500: Plant-Based Companies Lead the Way in Forward Fooding’s Annual List of Food Innovators
Described as the “Fortune 500 of agrifood tech”, food tech consultancy Forward Fooding has released its 2023 FoodTech 500 list, with the highest number of companies belonging to the plant-based sector. Other alternative protein startups!-->…
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FoodTech World Cup: FoodHack & Givaudan Launch Global Tournament for Industry Disruptors
Food tech community FoodHack and ingredient and fragrance giant Givaudan have teamed up to launch a FoodTech World Cup, a global competition aimed at finding disruptive technologies and consumer concepts.
With investment in the agrifood!-->!-->!-->…
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Cash Cows: Banks Have Financed Over Half a Trillion Dollars to Increase Meat & Dairy Production Since the 2015 Paris Agreement
Since world leaders signed the landmark Paris Agreement in 2015, banks and financial institutions have credited livestock producers with $615B to increase meat and dairy production, according to a new study.
It's not just public funding!-->!-->!-->…
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Backed by Government & EU Funding, Umiami Opens Large-Scale Plant-Based Meat Facility in France
Parisian plant-based whole-cut meat producer Umiami has opened a commercial-scale facility in the Alsace region, backed by financing from the French government, the Grand Est area, as well as the EU. It plans to launch its chicken fillet!-->…
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Cauldron Ferm Raises $6.25M in Series A to Fund Hyper-Fermentation Facility for High-Value Ingredients
Australian hyper-fermentation company Cauldron Ferm has secured AU$9.5M ($6.25M) in Series A funding to build a large-scale facility to manufacture high-value ingredients through precision fermentation.
A year after closing a large!-->!-->!-->…
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Future Food Quick Bites: Nicki Minaj’s Nails, Vegan Condoms & Animal-Free Yoghurt
In our weekly column, we round up the latest news and developments in the alternative protein and sustainable food industry. This week, Future Food Quick Bites covers a new vegan nail brand by Nicki Minaj, cocoa-free easter eggs, and!-->…
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Orbillion Bio Secures Funding & Reaches Scaling Milestone for Cultivated Beef Production
Californian B2B cultivated meat producer Orbillion Bio has secured additional funding to scale up production and develop its biotech platform, which completed a 200-litre production run in September.
The latest round of funding takes!-->!-->!-->…
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Global Agrifood Tech Funding Down by 50% As Deals Become Smaller and Fewer
The global agrifood tech financial landscape remains difficult, with funding in the sector down by 49.2% from 2022-23, reaching $15.6B – the lowest it has been in six years – according to a new report by AgFunder.
A lot has been written!-->!-->!-->…
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Centers for Sustainable Protein: Bezos Earth Fund to Invest $60M for Tastier, Cheaper & Healthier Alt-Protein
The Bezos Earth Fund has earmarked $60M to establish the Centers for Sustainable Protein, which will target tech barriers to reduce production costs, enhance taste profiles, and improve the nutritional benefits of alternative proteins.
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Future Food Quick Bites: Vegan Kraft Dinner, Falafalcinis & Oat Milk Reese’s
In our weekly column, we round up the latest news and developments in the alternative protein and sustainable food industry. This week, Future Food Quick Bites covers nutrition wins for plant-based meat, a ton of alt-dairy announcements,!-->…
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