Queensland meat alternative startup Fable has raised US$8.5 million (A$12.3m) as it ramps up its expansion in global markets. The round was led by Singapore VC 3 Ventures, supported by Better Bite Ventures, former YUM CEO Greg Creed, the expat Australian ethicist and animal rights campaigner Professor Peter Singer, SaladStop founders Frantz Braha and Adrien… Read more »
Sydney-based Vow, a cultured meat company, has raised US$49.2 million (A$73.5m) in Series A funding. The raise was led by local VC Blackbird and Prosperity 7 Ventures, with support from Toyota Ventures, Square Peg, Grok, Cavalio, Peakbridge, Tenacious Ventures, HostPlus Super LP, NGS Super and Pavilion Capital. It’s a record for a series A raise… Read more »
The global dairy industry is changing. Among the disruptions is competition from food alternatives not produced using animals – including potential challenges posed by synthetic milk. Synthetic milk does not require cows or other animals. It can have the same biochemical make up as animal milk, but is grown using an emerging biotechnology technique know… Read more »
As demand for alternative protein sources grows, Australians are increasingly looking for options that are healthy, sustainable and ethically made. At CSIRO, we have produced a “protein roadmap” to guide investments in a diverse range of new products and ingredients. We believe plant-based patties, lab-made meat and insects are just some of the foods set… Read more »
National science agency CSIRO has produced a technology roadmap for growth in protein production in Australia, believing the opportunity is worth $13 billion. Australian agricultural exports were worth around $50 billion in FY2021, and with that figure predicted to rise by 20% in FY22 to more than $60bn, options beyond beef are seen as the… Read more »
A new, Sydney-based alternative proteins startup has joined the race for fake meat market share in Australia, raising $16 million in a seed round. Leading the investment in All G Foods was the federal government’s Clean Energy Finance Corporation (CEFC), which chipped in $5 million through its Clean Energy Innovation Fund alongside several prominent angel investors. The… Read more »
The Intergovernmental Panel on Climate Change report released this week was described as a “code red for humanity”. We’ve been collectively called upon to drastically reduce emissions in order to stabilise rising temperatures that are already beginning to cause natural events of biblical proportions. Meaningful emissions cuts won’t happen unless we come up with strategies… Read more »
Sydney plant-based proteins startup Harvest B has raised $3.5 million in seed funding just 12 months after launching. The seed raise was led by Aura Ventures and W23, the venture capital arm of supermarket giant Woolworths. The startup also landed a $1 million grant from the federal government’s Advanced Manufacturing Growth Centre Commercialisation Fund. It… Read more »
The plant-based mince and burgers developed by the CSIRO-backed alternative protein startup v2food will start hitting the shelves in more than 600 Woolworths stores from today, less than a year after it was first released as the burger in the Hungry Jack’s Rebel Whopper. V2food launched last year in a collaboration between the CSIRO, its… Read more »
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