A collage of the brands that have partnered with Spiber

© Spiber Inc.

Spiber Raises Over JPY10 Billion for Mass Production of Fermented Proteins for Materials

Spiber Inc., a Japanese biotech “brewing” sustainable materials for the fashion, automotive, and personal care industry, announces it has raised over JPY10 billion (around $65M) from equity financing. Spiber has raised a total funding of $489 million over 9 rounds. The funding, which included additional investments from existing shareholders, will allow the company to accelerate mass production of its innovative Brewed Protein materials and facilitate global sales.  Founded in 2007, …

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Onego Bio raises funding for animal-free egg protein

© Onego Bio

Onego Bio Raises $40M to Commercialize “Revolutionary” Animal-Free Egg Protein

US-Finnish biotech company Onego Bio has raised $40 million in one of the largest Series A rounds in the Nordics. The funding will be used to drive the commercialization and manufacturing of the company’s animal-free egg protein, which is produced using precision fermentation. The round was led by NordicNinja, with participation from Tesi, EIT Food, Agronomics, and more. It also includes $10 million in non-dilutive funding from the Finnish government …

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New Zealand's Miruku, a startup growing dairy proteins in plants, has raised $5 million (NZD 8 million) in a pre-series A round to support its B2B model.

Back: (L) Abby Thompson and Ira Bing - Front: (L) Thomas Buchanan, Amos Palfreyman, and Lachlan Nixon (Motion Capital) © Miruku

Miruku Secures $5M to Develop Proteins in Oilseed Crops for Dairy 2.0 Products 

Miruku, a New Zealand startup developing novel dairy proteins and fats using molecular farming and oilseed crops, has raised $5 million (NZD8 million) in a pre-series A round to support its B2B model.  Motion Capital led the round with the participation of previous seed investor Movac and new investors NZVC, Cultivate Ventures, and Icehouse Ventures. The funding brings the startup’s total investment to $7.4 million, having previously raised $2.4 million in an …

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Yusto yeast protein by Arbiom

© Arbiom

Arbiom Unveils Yusto Yeast Protein as Part of “New Wave of Protein Ingredients”

French-American sustainable protein producer Arbiom has unveiled a new product, Yusto yeast protein. Produced using fermentation, Yusto is fiber-rich while also containing B vitamins and all the essential amino acids. Described as part of a “new wave of protein ingredients”, Yusto is already globally approved for use in food. It can be used in meat and dairy alternatives, snacks, sauces, specialized nutrition products, and more. According to Arbiom, one of …

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Mycelium bacon on a plate - CellX unveils its mycelium fermentation programme

Image courtesy of CellX

CellX Ventures into Mycelium Fermentation to Create Proteins for Plant-Based and Hybrid Products

CellX, a biotech that operates China’s largest cultivated and seafood facility, announces a new fermentation program, a parallel venture producing mycelium-derived proteins for alt meat and dairy, functional, and hybrid products.  With this expansion, the company aims to complement its cultivated meat platform and launch sustainable proteins more quickly. “Fermentation and cultivated meat both serve CellX’s vision of providing sustainable protein for everyone,” Operations Manager Liu Yu informs vegconomist.  CellX’s …

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UNLIMEAT and JUST Egg kimbap

© UNLIMEAT

Alt Protein Revolution in South Korea: Plant-Based Thrives & Cultivated Meat Receives Huge Investment

South Korea continues at the forefront of alt food developments as interest in alternatives to animal products soars. Several factors have been credited, including growing sustainability and food security concerns As reported by Korea JoongAng Daily today, Nongshim, the largest instant noodle and snack company in South Korea, has revealed plans to invest $7.4 million in venture funds to support food tech startups developing cultivated meat and smart farms. Nongshim believes cultivated …

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Jonathan Goshen, CEO of Yeap and an employee

© Yeap

Israel’s Yeap Receives Investment from Fermentation Expert Lessafre for Upcycled Yeast Proteins

Israeli startup Yeap announces that Lessafre, a global player in fermentation-derived products, has made a 10% investment in the company to introduce proteins made from upcycled spent yeast to the plant-based market. Yeap was founded by cultivated meat pioneer Didier Toubia, CEO of Aleph Farms, Dominik Grabinski, and Jonathan Goshen, CEO of Yeap, to develop sustainable proteins incorporating a circular economy model. Its shareholders include The Kitchen Hub by Strauss and AgFunder. The company …

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Calysta "protein without limits"

© Calysta

Calysta Uses Methane to Make Plant and Animal-Free “Protein Without Limits”

Based in California, Calysta is a biotech firm using a patented fermentation platform to produce what it describes as “protein without limits”. The process involves using microorganisms to convert methane into single-cell proteins. It is powered by renewable energy and does not require any plant or animal inputs, meaning no arable land is used. Water and energy consumption are also far lower than for conventional proteins. Calysta’s products are intended …

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©Bosque Foods

ProVeg Incubator Announces 10th Cohort, Seeking Startups in Plant-Based, Fermentation & Cultivated Foods

The ProVeg Incubator, the world’s first and leading alt-protein startup accelerator, invites applications for its tenth cohort, announcing that it has increased the amount of investment for this edition. Startups that join and complete the programme can now benefit from up to €300K investment — an increase from the previous €250K — including €75K worth of in-kind services. The Incubator aims to support mission-driven startups working on plant-based, fermentation, and …

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3D-printable mycoprotein

© Revo Foods/Mycorena

Revo Foods and Mycorena Receive €1.5M to Develop 3D-Printable Mycoprotein

Austria’s Revo Foods and Sweden’s Mycorena have received a €1.5 million grant for their joint project of developing 3D-printable mycoprotein. The funds come from Swedish innovation agency Vinnova, the Austrian Research Promotion Agency, and cross-border EU funding program Eurostars. Applications were highly competitive, so the companies’ success demonstrates that there is significant interest in innovative mycoprotein solutions. “Getting this recognition from such an attractive and competitive initiative like Eurostars further …

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