Brevel Expands Seed Round to $25M to Accelerate Commercialization of Microalgae Proteins
Climate food tech company Brevel has secured over $5 million in a seed extension up-round, taking the total amount of seed funding it has raised to $25 million. The capital will be used to develop microalgae proteins for food and beverage applications and accelerate the commercialization of the company’s products. The extension is based on exercises of warrants investors were granted in the initial closing of the seed round in …
Brevel Partners With CBC Group to Produce Microalgae-Enriched Beverages at Scale
Microalgae protein producer Brevel has signed a development and commercialization agreement with Israel’s Central Bottling Company (CBC Group) to develop functional beverages and dairy alternatives. The ten-year purchase agreement will see Brevel supply CBC Group with microalgae protein, oils, and antioxidants. As part of the alliance, CBC Group made a strategic investment in Brevel’s most recent funding round. To cultivate microalgae, Brevel uses a “breakthrough process” combining light with sugar …
Brevel Launches FOAK Facility to Demonstrate Microalgae Protein Fermentation at Commercial Scale
Israel’s Brevel, a biomass fermentation startup producing microalgae proteins, announces that it has completed the construction of its demonstration facility and secured two commercial agreements with leading F&B companies. The startup inaugurated a new site in Southern Israel this June, featuring headquarters, R&D space, and proprietary industrial-scale fermenters. The facility has been designed to implement a First-Of-A-Kind (FOAK) strategy to showcase the fermentation process at a commercial scale for the first …
China’s Protoga Biotech Unveils “World’s First” Commercial Microalgae Milk
Protoga Biotech, a Chinese company pioneering microalgae fermentation, announces the launch of a microalgae milk product that is said to be rich in protein and lutein, while at the same time lactose and cholesterol-free and able to match consumer expectations for taste. The product, claimed to be the world’s first commercially available microalgae plant milk, is expected to launch this December. The company’s founder, Dr. Yibo Xiao, told vegconomist, our …
Biomass Fermentation Leader Brevel Inaugurates Commercial Plant for Affordable, Nutritious Microalgae Protein
Israel’s Brevel, a biomass fermentation startup using microalgae protein to create sustainable ingredients, announces the grand opening of its first commercial plant. Last July, the company secured $18.5 million in seed funding led by NevaTeam Partners and backed by the European Union’s EIC Fund, facilitating the current phase of commercial-scale production and global expansion. Located in Israel’s desert periphery, the new site covers 27,000 square feet (2,500m²) and includes headquarters, …
Mewery Proves Feasability of Microalgae-Based Cultivated Pork Without FBS
Czech cultivated pork meat startup Mewery claims it has proven that the company’s proprietary microalgae-based growth medium for cultivating mammalian cells without using fetal bovine serum (FBS) is feasible. Developing cultivated pork meat using microalgae growth factors instead of fetal bovine serum has been Mewery’s strategy for the production of ethical and more economical cultivated meat. Mewery says it is the first European startup to use this method. Roman Lauš, …
Dutch Government Funds Project to Assess Characteristics of Microbial Proteins
A Dutch public-private consortium is collaborating on a multi-year project to optimise the processing conditions for different microbial organisms, including microalgae, bacteria, fungi, and yeasts. The project’s aim is to assess which microbial proteins have the functional, economic, and sustainability characteristics needed to create protein-rich ingredients for food applications. Rianne Ruijschop, Department Head of Health at NIZO and the consortium’s coordinator, explains that the project is divided into four experimental …
Czech Foodtech Mewery Becomes “The First European” Cultivated Pork Startup Using Microalgae
The Czech startup Mewery holds the claim of being the first European foodtech startup developing cultivated pork on a proprietary microalgae base. The Brno-based foodtech has now received backing from US accelerator Big Idea Ventures to develop cultivated pork. With pork meat being the second most consumed meat worldwide and the most consumed and preferred meat in Europe, Russia, and China, among others, Mewery has set its sights on becoming …
GFI’s 2022 State of the Industry Reports Reveal Record Global Investment in Alt Seafood
The Good Foods Institute (GFI) has released its annual State of the Industry Report covering the fields of cultivated, fermented and plant-based proteins, as well as alternative seafood. The report’s biggest findings are summarized here. Asia Dominates Alt-Seafood Global investments in alternative seafood soared in 2021, nearly doubling the total amount invested in 2020. By far, the greatest concentration of investment and research activity took place in the Asia Pacific …
Seawith Completes $5.43M Series A for Seaweed Scaffolded Cultivated Steak
Seawith – a cultivated steak pioneer from South Korea – has announced the completion of a ₩6.5 billion ($5.43 million) Series A investment, as the startup looks to lead the cultivated meat movement in the country. Seawith champions algae as a scaffolding to grow meat, which the company claims will allow it to produce thick-cut cultivated beef at $3 per kilogram. “Many foreign protein alternative food development companies are also …