UK Mycoprotein Startup ENOUGH Signs Commercial Deal with Cargill
Food tech company ENOUGH announces that it has extended its partnership with agribusiness giant Cargill. Through the deal, Cargill is to sign a commercial agreement to use and market ENOUGH’S mycoprotein ingredient ABUNDA and to invest in its recent Series C round. ABUNDA is described as a highly versatile ingredient that provides all nine essential amino acids and dietary fiber. It is said to have a neutral taste, making it highly …
Spain’s Cocuus Plans to Produce 1,000 Tonnes of 3D Printed Plant-Based Bacon in 2024
Cocuus, a Spanish food tech company producing 3D-printed plant-based foods at scale, has revealed an ambitious goal for 2024: to make 1,000 tonnes of 3D-printed plant-based bacon. With the global alternative proteins market expected to reach a minimum value of $290 billion by 2035, according to BCG and the Blue Horizon Corporation, the company aims to accelerate the production of 3D-printed plant-based bacon for distribution in retail and other channels. …
3D Bioprinting Startup Cocuus Raises €2.5M in Pre-Series A Featuring Meat Giant Cargill
Spanish startup Cocuus has raised €2.5 million in its Pre Series A funding round to scale its 3D bioprinting technology for the production of alternative proteins. Cargill Ventures, the investment arm of the multinational meat giant Cargill, has backed the round to accelerate Cocuus’s process for producing plant or cell-based animal protein food analogs. The Pre Series A funding round was also led by Big Idea Ventures, Eatable Adventures, and …
Cubiq Foods Receives $6M in Cargill Bridge Round to Commercialize Cultivated Fat
Cubiq Foods, a Spanish startup developing cultivated fat for plant-based alternatives, has completed a $6 million funding from investors including US meat giant Cargill. Cubiq is now set to launch its first cultivated fat ingredient onto the market by 2023. Catalonia-based Cubiq’s latest round of investment will allow the biotech company to expand commercial and production operations in North America and Europe. Cargill’s investment comes in the form of a …
UPSIDE Foods Achieves Unicorn Status Following Largest Ever Fund Round in Cultivated Meat
UPSIDE Foods (previously Memphis Meats) announces a $400 million Series C round which included returning investors Cargill, Tyson Foods, and Bill Gates. UPSIDE says this is the largest round in the industry to date and brings its valuation to over $1 billion, thus achieving Unicorn status. The news closely follows Upside’s acquisition of Culture Decadence, producer of cultivated lobster. Pending regulatory approval, which is slated to take place in 2022, …
Global Meat Giants Invest in a Cell-Cultured Future: Aleph Farms Secures $105M in Series B
Israeli cell-cultured steak pioneer Aleph Farms today announces the completion of a $105 million Series B funding round. The funding was bolstered by leading global meat companies including Thai Union, the world’s largest tuna processor which has become increasingly active in alt protein investment and development, as well as existing investor Cargill. “We see our investors as partners for building this new category of meat “ The company behind the …