South Korea’s INTAKE Secures $9.2M for Alt Proteins Made With Yeast-Based Precision Fermentation
INTAKE, a South Korean food tech company using yeast-based precision fermentation to produce alternative proteins, has raised KRW 13.5 billion (US$9.2 million) in Series C funding. The round was led by CJ Investment, HB Investment, Woori Venture Partners, KDB Industrial Bank Capital, J Curve Investment, and Wonik Investment Partners. INTAKE plans to use the funding for R&D and global infrastructure expansion for its microbial-based alternative protein business. Super-protein yeast strain …
New FAO Report Discusses Precision Fermentation and Food Safety
The Food and Agriculture Organization of the United Nations (FAO) has published a new report discussing the food safety aspects of precision fermentation. Titled Precision Fermentation – With a Focus on Food Safety, the report outlines the importance of establishing regulatory frameworks and safety protocols within the industry. It notes that there is currently no universally accepted definition of precision fermentation, which could hinder the development of effective regulatory frameworks. …
Bon Vivant Rebrands to Verley, Unveils “World’s First” Functional Precision Fermentation Dairy Proteins
French precision fermentation company Bon Vivant has announced that it is rebranding to Verley and launching a new portfolio of functionalized dairy proteins said to be the first of their kind. The new name reflects the company’s international ambitions and strong connection to France, especially the Lyon region where many villages end in -ey. Verley aims to honor the dairy traditions and craftsmanship of these villages while pioneering a more …
UK Government Invests £1.4M to Expand Food Standards Agency’s Precision Fermentation Expertise
The UK government has announced it is investing £1.4 million in a new innovation hub that aims to expand the expertise of the Food Standards Agency (FSA) in new technologies such as precision fermentation. Precision fermentation involves the use of microorganisms such as yeast to make ingredients like whey protein without the use of animals. The process has been used for decades to produce ingredients such as rennet for cheesemaking, …
Vivici Secures €32.5M to Expand Its Precision Fermentation-Derived Dairy Proteins
Dutch ingredients startup Vivici has secured €32.5 million in a Series A funding round led by APG (on behalf of one of the world’s largest pension funds, ABP) and Invest-NL. The round also saw participation from InnovationQuarter, along with existing shareholders dsm-firmenich and Fonterra. The news comes after Vivici secured its first customer offtake agreements for dairy proteins made with precision fermentation. The funding will be used to expand into …
Oobli Gains FDA Nod for Sweet Protein Monellin, Expands Portfolio of Zero Glycemic Impact Sweeteners
US sweet protein developer Oobli (formerly Joywell Foods) announces that it has received the FDA’s first “no questions” letter for its monellin sweet protein, produced via precision fermentation. With the letter, the FDA confirmed that Oobli’s monellin is safe to use as a sweetener in food and beverages. The acknowledgment follows a previous FDA approval of brazzein, another sweet-tasting protein. Monellin is originally found in the serendipity berry of the …
Cradle Secures $73M to Revolutionize Planetary Health with AI-Driven Protein Engineering
AI biotech company Cradle has raised $73 million in a Series B funding round led by IVP and backed by Index Ventures and Kindred Capital, bringing its total funding to over $100 million. Based in Amsterdam, the Netherlands, and Zurich, Switzerland, Cradle was founded by ex-Googlers Stef van Grieken (CEO) and Daniel Danciu (CTO) in 2021 to make biology engineering more accessible and efficient with AI. Its team comprises machine learning …
All G Secures China’s First Approval for Animal-Free Lactoferrin
Australia’s All G (previously All G Foods), which is now focused on precision fermentation-derived milk proteins, announces it has received regulatory approval to sell animal-free lactoferrin in China. All G claims to be the country’s first company globally to reach this significant milestone for a recombinant bovine lactoferrin protein. All G, founded in 2020 by CEO Jan Pacas in Sydney, develops high-value, animal-free, and human proteins for functional foods, medical …
Precision Fermentation Industry Could Generate $30B Annually for Australia, Says New White Paper
Australia’s Food and Beverage Accelerator (FaBA) has released a new report exploring the challenges, economic impact, and sustainability of the country’s precision fermentation industry. More than 70 authors from industry, government, and academia contributed to the white paper, highlighting precision fermentation as a crucial technology to transform the food system with tailored and sustainable proteins, fats, and other compounds beyond alternative proteins. The comprehensive paper outlines key recommendations to boost …
AMSilk and Ajinomoto Join Forces to Advance Bio-Based Silk Proteins for High-Performance, Biodegradable Textiles
German biotech company AMSilk GmbH has entered into a long-term partnership with Ajinomoto Foods Europe, an affiliate of the Ajinomoto Group, to manufacture biobased silk proteins at large scale for biodegradable textiles. The collaboration will leverage Ajinomoto’s extensive industrial expertise in precision fermentation and its strategically located site in Nesle, France. The facility is close to AMSilk’s key customers in the premium textiles and consumer goods industries. Additionally, it uses local raw …