Green Finance

New York-based Ecovative has secured $28M in a growth equity round to expand its mycelium-based MyBacon product and introduce new sustainable leather materials. To advance its food and fashion innovations, US mycelium startup Ecovative…
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Since 2022, environmentally harmful subsidies from governments have risen by roughly $800B, now accounting for 2.5% of the world's GDP each year. Despite pledging to repurpose at least $500B of planet-harming subsidies a year by 2030,…
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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 Alpro's new flavoured barista milk, vegan footwear wins, and Violife's…
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In New Zealand, the government has poured NZ$9.6M ($5.95M) into a five-year programme to develop cultivated fish products. A five-year, government-backed scheme is aiming to develop new fish cell production systems for cultivated…
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Swiss food manufacturer Hero Group has taken over vegan healthy eating brand Deliciously Ella, with owners Ella and Matthew Mills remaining at the company. Deliciously Ella, the UK-based pioneer of vegan snacking, has been acquired by…
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American comedian Kevin Hart's plant-based restaurant chain Hart House suddenly closed all its locations last week. Hart House, the Californian vegan fast-food eatery by comedian Kevin Hart, unexpectedly shut the doors of all its four…
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French precision fermentation startup Standing Ovation has raised €3.75M in a Series A extension and appointed a new CEO to begin selling its Advanced Casein next year. Parisian food tech startup Standing Ovation is gearing up for the…
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Danish meat analogue startup Matr Foods has received €20M in debt funding from the European Investment Bank to open a large-scale mycelium meat facility. Mycelium meat maker Matr Foods has received a €20M loan from the EU's lending arm…
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Activism groups are calling for a withdrawal of financial support for the livestock sector from banks including the Big Three, in light of the industry's contribution to climate change. Banks must stop financing meat and dairy producers…
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Spain's Novameat has attracted €17.4M in a Series A funding round to expand its plant-based meat range based on MicroForce technology, starting with a revamped shredded beef offering. Catalan food tech startup Novameat has received…
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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 Fry's Family Foods' formable mince, Domino's vegan cheese collaboration…
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As inflation eases, food tech investments are showing signs of recovery, but companies within the alternative protein ecosystem are treading different paths. While food tech venture capital dipped by 48% in 2023 (reaching $15.3B),…
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German food tech startup Formo has closed a $61M Series B fundraise and launched animal-free cheeses made from microbial fermentation in supermarkets. If you're in Germany or Austria, you can now walk to one of 2,000+ Rewe, Billa and…
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Motif FoodWorks, the Boston-based startup known for its Hemami ingredient for meat analogues, is shutting down, days after it settled a long-running IP dispute with Impossible Foods. Last week, Motif FoodWorks announced it had sold off…
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Australian startup Carbonaught has received financing from Better Bite Ventures for its low-emission agriculture tech, which sequesters carbon, fixes nitrogen and increases production through basalt. Carbonaught, an Australian agtech…
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Two years after the IRA passed, a new report found that states have only captured a tiny fraction of the funding available. By Syris Valentine When President Joe Biden signed the Inflation Reduction Act, or IRA, into law two…
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The Bezos Earth Fund has inaugurated its third Centre for Sustainable Protein at the National University of Singapore, labelled as an "absolute powerhouse" of alternative proteins. Biomass fermentation, microalgae innovations, and…
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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 first-of-its-kind alt-butter, the popularity of Silk plant-based milk,…
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German food tech startup Nosh.bio has collaborated with Zur Mühlen Group to introduce its fermentation-derived Koji Chunks, which are made from just one ingredient. Nosh.bio, which uses fungi fermentation to create proteins, has…
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By Steven Lam, visiting researcher, University of Guelph; and Gloria Novović, LSE Fellow, University of Guelph Canada’s first National Adaptation Strategy urges Canadians to consider climate change impacts in their everyday…
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California's The Better Meat Co has received $1.5M from the US Department of Defense to scale up its manufacturing capacity via a new mycoprotein facility. US food tech startup The Better Meat Co has won $1.48M in a grant from the…
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