Categories
Plant-based Vegan

Not-for-profit investment company to help fund early-stage businesses in the plant-based food space.

Veganuary Co-Founder, Matthew Glover, launches new vegan investment fund, ‘Veg Capital’ – with all profits to go to charity! Veg Capital will provide Angel, Seed and Series A funding, with investments typically ranging from £50,000 to £250,000 to companies striving to replace the use of animals in the food system. The fund’s focus will be on companies that develop innovative plant-based and cultivated replacements to animal products, including meat, seafood, dairy and eggs.

Veg Capital is an ethical and environmental mission that seeks to reduce the burden on our planet, spare the lives of animals and create a sustainable food industry. Unlike traditional investment firms, Veg Capital plans to donate all profits to UK and European animal protection charities. 

‘Our aim is to drive up the supply of vegan foods while driving down demand for animal products. We invest in plant-based foods and then through our philanthropy help raise awareness and increase demand for that food. It’s a double whammy of activism. We’ve already provided funding to eight game-changer companies and there is much more to come!’

Matthew Glover, Managing Director, Veg Capital

Since COVID-19 began, we’ve seen plant-based product sales growth exceed that of animal-based products, both in meat and dairy categories. In the United States, sales of vegan meat jumped by a staggering 280% and sales of oat milk jumped by 477% in the second week of March compared to the same period last year, as the country became the epicenter of the coronavirus pandemic. This meat crisis has become a big opportunity for plant-based protein companies that have developed healthier, safer and more environmentally friendly alternatives to traditional animal products.

Veg Capital portfolio include these plant based businesses:

  1. Mighty Pea: Mighty Pea M.lk, is a smooth and creamy, dairy-free alternative to milk, made from yellow split peas. It contains more protein and calcium than regular plant milk and split peas are a sustainable solution.
  2. Grounded: GROUNDED® make 100% natural sustainably packaged plant-based protein m*lkshakes. They have ambitious plans to innovate in & disrupt the wider functional f&b space with only natural, plant-based ingredients.
  3. Mummy Meagz: Mummy Meagz creates indulgent chocolate treats including a range of vegan Rockie Road bars and have recently launched the Chuckie Egg.
  4. TheVeganKind: The UK’s leading 100% vegan online supermarket and vegan subscription service.
  5. Plantifull: Delicious plant-based meal pots and high-protein vegan jerky. 100% plant-based snacks.
  6. Native Snacks: Native Snacks are on a mission to unearth plant-based snacks from around the world. Their first product range is Popped Lotus Seeds from India.
  7. One Planet Pizza: The UK’s first frozen vegan pizza company.
  8. Good Catch: Plant-based seafood. They’re disrupting the seafood category, not the ocean’s natural resources.
  9. Vevolution: Vevolution creates inspiring events and multimedia content for the plant powered positive changemakers.

Read more at Veg Capital

Categories
AgTech FoodTech

Singapore Food Bowl aims to help regional agri-food tech startups

GROW’s Singapore Food Bowl program aims to help regional agri-food tech startups fast track their growth trajectory and commercialise novel technologies specifically relevant to Singapore’s food security agenda. The 12-week virtual accelerator allows for the local ecosystem to make a change together, by forming a cohort of local and regional startups to address the challenges and opportunities in food security and supply chain highlighted by the current COVID-19 pandemic.

Singapore Food Bowl is targeting startups focused on technologies to accelerate & improve the production of Proteins (animal & alternative) and Leafy greens (controlled environment agriculture) as well as solutions that address Food Waste, Sustainable Packaging and Digital Supply Chains.

If you’re developing technologies that can materially improve productivity in the areas aligned with Singapore’s 30×30 food pillars, namely protein production and leafy greens,

Startups incorporated in Singapore or based in Asia-Pacific and having a minimum viable product (Pre-Seed to Seed stage in terms of funding) are eligible to apply for the accelerator program. Applications for the program can be filled by up to 7th of June.

Read more at Grow

Categories
Food Safety Supply Chain

It’s not the food supply chain that’s breaking, it’s the meat supply chain

Supply lines across the food industry have been impacted by the coronavirus. Shuttered restaurants, university dining halls, workplace food providers, and more have all strained the food supply chain. In particular, the meat industry has suffered the hardest hit. In addition to closures of many of its largest purchasers, COVID-19 outbreaks inside meatpacking facilities have forced largest meat processing plants to shut down. The cold, damp conditions and crowded workstations in meatpacking plants make infectious diseases particularly hard to control.

On April 26, Tyson Foods Inc., the biggest U.S. meat processor, closed at least six major plants. Similar covid-19 outbreaks were reported at Danish Crown A/S, a huge pork producer; Goikoa, of Spain; Sanderson Farms Inc., America’s third-largest poultry producer, and Cargill’s High River slaughterhouse outside Calgary. The whole situation is an incontrovertible nightmare. But the pandemic is an opportunity to ask more probing questions about the nature of our system of animal agriculture.

Since COVID-19 began, we’ve seen plant-based product sales growth exceed that of animal-based products, both in meat and dairy categories. In the United States, sales of vegan meat jumped by a staggering 280% and sales of oat milk jumped by 477% in the second week of March compared to the same period last year, as the country became the epicenter of the coronavirus pandemic. This meat crisis has become a big opportunity for plant-based protein companies that have developed healthier, safer and more environmentally friendly alternatives to traditional animal products.

Choosing a plant-based diet is one of the best things you can do for the environment as plant-based diets are kind to the earth and kind to animals. As is the case with plant-based meat, plant-based dairy supply chains are much better poised to respond in real-time to changing market conditions and are not vulnerable to the type of disruptions inherent in industrial animal agriculture.

Categories
AgTech Protein

Insectta Receives R&D Funding to Fuel Insect Biomaterials Research

Insectta, founded in 2017, started as an insect farm focused on producing alternative proteins for animal feeds, but pivoted to the extraction of biomaterials from insects. As the first urban insect farm in Singapore rearing the black soldier fly (hermetia illucens), Insectta takes food waste and returns it into the economy as valuable biomaterials.

Trendlines Agrifood Fund, a medical and agricultural technologies focussed fund, has invested an undisclosed amount in Insectta, to fuel the work on the extraction of valuable insect-derived biomaterials.

Insectta manufactures black soldier fly chitosan, which is much purer and lower in heavy metals than conventional chitosan and have applications in pharmaceuticals, cosmetics, anti-microbial food packaging, and agrotech. The company is in the midst of developing a superior black soldier fly derived animal feed additive that functions as both a protein and a probiotic.

Read more at Trendlines

Categories
AgTech Protein

The Radicle Protein Challenge by Syngenta to Invest $1.25m

Radicle Growth, an acceleration fund, and Syngenta, a leading agriculture company announced the launch of The Radicle Protein Challenge by Syngenta to support the future of protein. Innovative protein sources are increasingly important for a growing population. Companies with novel solutions in protein industry like new protein sources or protein conversion technologies can apply. A $1m investment will be made in the Challenge winner and a $250k investment to the second-place winner. Applications are open through May 29, 2020.

Radicle Growth selects innovative ag and food tech start-ups for investment, ensuring that powerful, disruptive technologies reach their full potential, while Syngenta is a leading science-based agtech company with world-class science to protect crops and improve seeds.

Read more at BusinessWire

Categories
AgTech Investments

Plantible raises $4.6 million seed round for an egg white replacement

Plantible uses duckweed, a tiny aquatic leaf, to extract a plant-based protein ingredient that will eventually allow food companies to make animal-based products into plant-based products. The offering would be attractive to companies that make baked goods or protein powder, and thus use lots of egg whites as part of their creation process.

Plantible claims to offer an egg-white replacement with no compromises on texture or nutrition.

The company just raised a $4.6 million seed round, led by Vectr Ventures and Lerer Hippeau with other investors eighteen94 Capital (Kellogg Company’s venture capital fund) and FTW Ventures. Plantible’s closest competitors in egg-white replacements category are Clara Foods and FUMI Ingredients.

Read more at TechCrunch

Categories
Investments

Growthwell Group raises US$8 m for scale-up of plant-based alternatives

Growthwell, a leading manufacturer of plant-based alternatives for meat and seafood for the South East Asian market, announced that it has raised US$8 million in a funding round led by Temasek, with other investors DSG Consumer Partners, Insignia Ventures, Genesis Ventures, Brandify and Mr Koh Boon Hwee participating. The proceeds from this funding round will accelerate Growthwell’s growth into alternative proteins and future food solutions, taking its vision of sustainable plant-based choices to a global stage.

Growthwell’s growth plans include the setup of an end-to-end technology centre in Singapore focusing on R&D and manufacturing. Growthwell’s vision is to be Asia’s leading plant nutrition food tech company, with an aim to care for 100 million lives with sustainable and nutritious plant-based choices while reducing the world’s overall meat consumption.

Read more at MediaOutReach