Categories
FoodTech Webinar

Expert Talk: How Foodtech is Disrupting Through Sustainable Meat Alternatives

By 2040, more than 60% of the global meat consumption will be lead by alternative meats. That’s a market value of 1,000 billion USD. Are you ready to lead the change within the industry? Come join a special panel on Wed, 08.07.2020, 6PM CEST sponsored by Stryber, an independent corporate venture builder based in Munich, London, Zurich, and Kiev. The webinar will primarily focus on

  1. Industry outlook from successful founders, investors and industry experts
  2. About building a million-USD funded startups and the first lab-grown hamburger
  3. Future market and investment trends

Who is the webinar for?

  1. For corporations & innovators: Do you work in a corporate group or are you involved in innovation in the F&B sector? Gain insights into the meat replacement industry and hear how to innovate successfully.
  2. For founders & entrepreneurs: You already started a meat alternative startup or have an idea? Learn from our experts on how they have mastered the problems you are also struggling with.
  3. For the curious & inquisitive: Are you curious about meat alternatives and the most disruptive innovations? Get insights from real industry insiders: how they think, act and became successful.

You can register for the webinar by submitting your information on the link below.

The panel and discussion will address questions including:

  1. What are the most disrupting trends in the meat industry?
  2. How will the future of meat look like?
  3. Are consumers ready for lab-made meat?

The Speakers:

Ross Mackay, CEO & Co-Founder, Daring Foods: Ross is a Scottish serial entrepreneur now living in the US. He is the Co-Founder and CEO of daring, a plant-based chicken startup that just closed a second round of investment after their first round of $10m USD. Ross is reimagining chicken with the mission to offer a healthier, tastier and more environmentally cautious alternative to meat that is creating a new vegan food experience which is inclusive for all.

Frea Mehta, Biophysics PhD, LMU: Frea is an experimental biophysics researcher at the LMU Munich. She has firsthand experience in the field of cultured meat research as a Fulbright scholar in the lab of Dr. Mark Post at Maastricht University, where the world’s first lab-grown hamburger was born. She is an active science communicator on the topic of cultured meat and biotechnology solutions in food and agriculture.

Garan Goodman, Associate Partner, Stryber: Garan is a Partner at Stryber aiming to strategically accelerate corporate’s innovation efforts. He previously was the Managing Director of the METRO Target Retail Program for 8 late stage retail startups and Managing Director of the Telefonica startup program Wayra Deutschland GmbH where he oversaw the investment and acceleration activity of 35 companies including the last mile delivery giant Foodora.

David Blake Walker, CEO & Founder, BOONIAN: David is an Interior Architekt, Entrepreneur and all around Creative from the U.S currently residing in Munich. He graduated from Kansas State University with a BFA in Interior Architecture. The day after graduation he packed his drum set in his pick-up and hit the road for New York City where he worked for Richard Meier which subsequently brought him to Munich. Since then he has developed a reputation for his creativity and gastronomy projects.

Categories
FoodTech Plant-based

FoodTech startup, Heartbest, raised US$2 million in Series A funding

Heartbest Foods, the foodtech startup from Mexico has secured an investment of US$2 million from venture capital fund Blue Horizon Ventures. The company has been working with ingredients like amaranth, quinoa, and peas to develop vegan dairy products like milk and cheese. Heartbest Foods, founded in 2017, can currently be found in retailers like Soriana, Chedraui and Costco throughout Mexico.

Heartbest Foods seek to empower people to make a positive impact on their health and the environment in a delicious and effortless way thanks to our products. They start with little questions for great answers:

  1. Why do we need animals to create any kind of food? 
  2. Why can’t we build foods that have the same texture and flavor from plants and be part of solutions aimed at health and climate change?
  3. How can we generate a healthier and more sustainable industry?

It is estimated that 900 gallons of water are required to produce 1 lb of cheese and 17.6 pounds of CO2 needed to produce one gallon of milk. Heartbest foods claim to produce same amount of Cheese with 10 times less water and milk with 60% less emissions. Heartbest managed to significantly impact four of the main problems attributed to intensive livestock farming and consumption: people’s well-being, climate change, efficient use of resources and eliminate animal abuse.

Blue Horizon Ventures, the venture fund backing Heartbest, is a food technology-focused venture capital fund founded in 2018 by serial entrepreneurs and investors Roger Lienhard and Michael Kleindl. The fund aims to support the movement towards a more sustainable food system through innovation, technology and entrepreneurship. Plant based proteins and cellular agriculture (clean meat) are the main focus areas.

The existing food system is broken. It needs massive and quick change to enable the planet to feed its ever growing population over the next decades and to stop the devastating environmental impact of animal agriculture. More and more entrepreneurs are tackling these issues starting very promising companies with a need for financing and thus creating fantastic investment opportunities for investors and so Blue Horizon Ventures.

Investment Thesis, Blue Horizon Ventures.

The closing of these investments in the midst of Covid-19 indicates that the movement towards a more sustainable world at large, and specifically in the food system, is only accelerating and confirms the need to act now.

Read more at Just-Food.

Categories
AgTech FoodTech Protein

Government of Canada announced $100 million financing for Merit Functional Foods plant

The Government of Canada announced the financing of close to $100 million for the new Merit Functional Foods plant in Winnipeg, Manitoba. Merit Functional Foods will construct a commercial-scale protein extraction facility that will produce plant proteins superior in solubility, flavour and purity. This plant, scheduled to be fully operational in December 2020 will create 80 new jobs and will help to establish the region as a world-leading agriculture and processing hub.

“The made-in-Canada agricultural technologies and innovations from Merit Functional Foods not only give us a competitive advantage in the global marketplace, they are creating jobs and adding value to our farmers` commodities. This is a very exciting project that demonstrates our Government`s commitment to positioning Canada as a leader in production of plant proteins.”

The Honorable Marie-Claude Bibeau, Minister of Agriculture and Agri-Food

Merit Functional Foods will be the first facility in the world with the capability to produce food-grade canola protein ready and safe for human consumption. It will source 100 percent of its inputs from Canadian producers, with a projected forecast to utilize 10,000 metric tonnes of yellow peas and 17,000 tonnes of canola seed in its first year.

The federal financing for Merit Functional Foods includes:

  1. $10 million in a repayable contribution from Agriculture and Agri-Food Canada’s AgriInnovate Program;
  2. $25 million in debt financing from Farm Credit Canada;
  3. $55 million in debt financing from Export Development Canada; and
  4. $9.2 million from the Protein Industries Canada supercluster announced earlier to support a project for the commercialization of a new highly soluble, highly functional pea and canola protein isolates.

Consumer demand for plant-based proteins is growing in both Canada and markets around the world. This innovative technology provides alternatives to animal and dairy derived proteins, adding value to the grain commodities and plant-based proteins.

Read more at Government of Canada

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
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 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
Uncategorized

No, Camels’ Milk Isn’t Vegan

That camels’ milk is suitable for vegans isn’t the only absurd claim the industry makes. It often touts environmental credentials, too. Like all animals, camels have to be impregnated and give birth for their bodies to produce milk. The dromedary camels used in Australia’s dairy industry have a lactation period of around 18 months, and most of their milk is produced during the first seven months of lactation. The industry tears babies away from their mothers in order to steal and sell the milk nature intended for them. Camels can’t have babies as frequently as cows used for dairy production do, so the industry needs a “rigorous turnover of animals” to remain profitable. Anyone looking to sip on something that’s actually cruelty-free, kinder to the environment, and better for our health should ditch all dairy products and instead try the many plant-based milks available at all supermarkets.

Read more at PeTA Australia