We no longer have the luxury of tackling obesity and climate change separately, says Quorn’s sustainable development manager Tess Kelly, who revealed the brand is committed to launching a complete nutritional review of its product portfolio.
Startups developing innovative food and ingredients, including alt-proteins, raised more funding in the first half of 2020 than all of 2019, according to AgFunder‘s recent Agrifoodtech Mid-Year Investment Review.
Emergy Inc. has raised just more than $28.2 million in its Series A funding round as it continues to try to perfect plant-based steaks and other cuts of meat. The Boulder company raised the money from 44 investors, according to a disclosure to the U.S. Securities and Exchange Commission Wednesday.
Singapore’s VisVires New Protein and Switzerland’s Redalpine co-led the Series A round, with existing investors Happiness Capital — an affiliate of Hong Kong food brand Lee Kum Kee — and Joyance Partners also participating. Mushlabs uses liquid fermentation technology to grow mycelia, the ‘roots’ of mushrooms, for use in the manufacturing of alt-protein and meat replacement products.