According to the firm’s initial statement, the investment would go towards strengthening its footprint in China, enhancing its product portfolio with ‘innovative and premium products’, and the company’s first production facility in Asia for plant-based products.
Dairy
News
Bartlett Dairy Inc. and Farmland Fresh Dairies LLC deceive consumers by marketing milk and cream as antibiotic-free, a new would-be class suit in New York federal court alleges.
People have relied on cows, buffalo, and other animals to produce milk for thousands of years. However, thanks to technological advancements, certain companies have begun making dairy milk in laboratories.
Starbucks is finally bringing plant-based meats to U.S. stores after serving the products in other global markets. This follows the company's move toward plant-based milks and other actions to promote sustainability.
Miyoko's has won round one in its legal fight with the State of California over its use of the term 'butter' on a plant-based product after a court rejected the State's bid to dismiss a lawsuit filed by the brand in February.
TurtleTree Labs has raised $3.2 million in seed funding from investors including Hong Kong alt-protein and sustainability specialists Green Monday Ventures, House of Saud-linked KBW Ventures, and Australia’s Artesian.
The New Protein Fund was recently launched by Big Idea Ventures. The US-based venture fund runs four accelerator programmes per year in New York and Singapore.
Canada’s plant-based food industry just got a big boost from the federal government. On June 22, Justin Trudeau announced an investment of almost $100 million. The cash will go to Merit Functional Foods in Winnipeg, where it will be used to “create good jobs in a fast-growing field.”
The solutions developed there will help feed a growing population of nearly 10 billion people in 2050. “The FAC is a place for learning how to create and process new products, new protein sources, and new ways to strengthen our food supply chains,” says Andy Sharpe, CEO Bühler North America.
BIOMILQ, a North Carolina “women-owned, science-led and mother-centered,” startup, has successfully raised $3.5M in seed funding from Breakthrough Energy Ventures, Bill Gates’ investment firm.
The Good Food Institute (GFI) Asia Pacific has released the 2020 Asia Alt 100 – its list of the 100 startups, corporates, and research organizations shaping the region’s growing industry around meat, dairy, and egg substitutes.
Directory
Take Two Foods
Plant-Based Dairy
United States 2020
Helaina
Cultivated Dairy
United States 2019
Better Dairy
Cultivated Dairy
United Kingdom 2020
Devon Garden Foods
Plant-Based Dairy
United Kingdom 2019
Remilk
Cultivated Dairy
Israel 2019
Sugarlogix
Cultivated Dairy Ingredients
United States 2016
The Coconut Collaborative
Plant-Based Dairy
United Kingdom 2014
Vevan Foods
Plant-Based Dairy
United States 2020
Willicroft
Plant-Based Dairy
Netherlands 2018