microbial protein Formo cheese gratin

© Formo

Fermentation

GFI and Accenture Release Precision Fermentation Consumer Research Across Five Markets

A recent study by the Good Food Institute (GFI), conducted in collaboration with Accenture, has examined consumer attitudes and preferences toward precision fermentation (PF) products in five key markets: France, Germany, Spain, the United Kingdom, and the United States. The research explores how consumers perceive PF-produced dairy and egg ingredients, offering insights into effective communication strategies for this emerging food technology. Precision fermentation and its applications Precision fermentation uses microorganisms, …

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S2 EP1 Investment Climate Podcast NovaMeat

Investment Climate Podcast

Investments & Finance

Investment Climate Podcast: Giuseppe Scionti of NovaMeat

In this podcast series, Alex Shandrovsky interviews investors about benchmarks for funding alt proteins in 2024 and uncovers the investment playbooks of successful climate tech CEOs and leading VCs. Podcast Host Alex Shandrovksy is a strategic advisor to numerous global food tech accelerators and companies, including alternative proteins and cellular agriculture leaders. His focus is on investor relations and post-raise scale for agrifood tech companies. Series 2 Episode 1: Giuseppe …

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Mylkcubator: More Than Mylk, a program focusing on alternative food ingredients made with cellular agriculture technologies has introduced the next cohort of the program's third edition.

© Eatable Adventures

Startups, Accelerators & Incubators

Pascual Innoventures Invests $2M in Mylkcubator, Third Edition Launches Beyond Alt-Milk

Mylkcubator: More Than Mylk, a program focusing on alternative food ingredients made with cellular agriculture technologies by the Spanish companies Pascual Innoventures and Eatable Adventures, has introduced its next cohort of startups focusing on sustainable ingredients. Pascual Innoventures has invested over $2 million in the Mylkcubator program across all three editions, including a recent investment in the precision fermentation startup Onego Bio. According to the firm, the Mylkcubator ecosystem has …

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GALY banner

© GALY

Investments & Finance

Inditex, Owner of Fashion House Zara, Invests in GALY’s Cultivated Cotton from Plant Cells

Spanish multinational clothing company Inditex, owner of Zara and Massimo Dutti, among other fashion brands, has announced a minority stake investment (the sum has not been disclosed) in GALY, a Brazilian and US biotech producing cultivated cotton from plant cells. GALY was founded in 2019 by Luciano Bueno, a former Deloitte executive. The startup has raised over $33.5 million from notable investors such as Sam Altman, former president of Y Combinator …

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Spain’s MOA Foodtech, a B2B platform for alternative proteins and sustainable ingredients, announces the closure of a series A funding round led by the Dutch venture capital firm ICOS Capital.

Image courtesy of MOA Foodtech

Investments & Finance

MOA Foodtech Raises Funds to Scale AI-Driven Production of Highly Nutritious Microbial Proteins

Spain’s MOA Foodtech, a B2B platform for alternative proteins and sustainable ingredients, announces the closure of a Series A funding round led by the Dutch venture capital firm ICOS Capital. Notable investors ClaveMayor, Viscofan, SODENA, and Banco Sabadell also participated. Founded in 2021 in Pamplona, Navarra by Susana Sánchez (CSO), José María Elorza (CFO), and Bosco Emparanza (CEO), MOA Foodtech leverages precision fermentation, agrifood side streams, and AI to discover …

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Palacios to use The EVERY Egg in its Spanish omelets

© The EVERY Co

Eggs

“World’s Largest” Spanish Omelet Producer Partners with Every Co to Use the EVERY Egg

Grupo Empresarial Palacios Alimentación, which claims to be the world’s largest producer of Spanish omelets and string chorizo, has announced a commercial agreement with US biotech firm The Every Company. Following the agreement, Palacios will use the EVERY Egg — said to be the world’s first liquid egg product made using precision fermentation — in its flagship Spanish omelets. The egg alternative will also be incorporated into the research and …

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Celium cultivated cellulose

© Celium

Materials

Polybion Creates “Entirely New Category” With Global Launch of Celium Cultivated Cellulose

Spanish biomaterials producer Polybion has announced that its cultivated cellulose, Celium, is now available worldwide. The company claims the material is more than a leather alternative, and will create an “entirely new category” due to its unique properties. Celium is grown by feeding bacteria with agroindustrial fruit waste; the cells then self-organize and create a cellulose structure as a metabolic by-product. This structure undergoes a sustainable stabilization process, and the …

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Image courtesy of Cocuus

Printed Technology

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. …

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Libre Group shot

© Libre Foods

Fermentation

Libre Foods Wins €335K Grant to Pioneer Low-Cost Mycelium for Meat Alternatives

Libre Foods, a Spanish biotech based in Barcelona, has been awarded a €335,000 public R&D grant by Neotec (a program that supports technology-based companies) to develop a low-cost mycelium ingredient for meat alternatives.  Mycelium holds the potential to enhance the texture and nutrition in meat alternatives; however, scaling its production to lower the final product’s costs remains an industry challenge, argues Libre Foods. With the funds, the Spanish biotech plans …

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Cultzime builds intelligent bioreactors

© Cultzyme

General

Cultzyme Builds Intelligent Bioreactors to Unlock the Potential of Biomanufacturing

Cultzyme is a Spanish bioprocessing solutions company founded last year to help biotech companies accelerate the development of cell-based foods, novel therapies, and materials. The company builds multipurpose bioreactors with an intelligent system that is said to streamline bioprocessing using the latest digital technology. Branded as Bioreactor Intelligent Operative Nanotechnology (BION), the advanced system integrates the latest hardware, AI, and cloud computing to control the biomanufacturing process and achieve consistent outcomes more efficiently …

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