Foodtech startup fattens up on $43 million Series A

- October 20, 2022 2 MIN READ

Canberra food tech startup Nourish Ingredients has raised US$28.6 million (A$43m) in Series A to produce synthetic fats that make fake meats taste better. Horizons Ventures – the private investment arm of Hong Kong billionaire Li Ka-shing – doubled down on the idea, having backed the initial US$11 million raise by Nourish in 2021. Horizon’s… Read more »

Other tech

The ingredients in fake meat aren’t always as good as you think – here’s an explainer of whether it’s actually better for you or the planet

- August 17, 2022 3 MIN READ

The popularity of plant-based proteins, or “fake meat”, has increased in recent years as consumers look to eat fewer animal products. In fact, plant-based protein is projected to be a A$3 billion opportunity for Australia by 2030. Many consumers believe these fake meats are better for their health, as well as better for the environment,… Read more »

Jan Pacas

Fake meat startup All G scores bigger Woolies backing

- February 14, 2022 2 MIN READ

Woolworths Group’s venture capital fund, W23, has tipped fresh millions into alternative protein startup, All G Foods The actual size of the investment was not disclosed, instead being described as “a further multi-million injection of capital” in a media release. The Sydney-based alternative proteins startup previously raised $16 million in a seed round in September last… Read more »


Reddit’s co-founder backs $65 million series B into a fake chicken nuggets startup founded by a teen Australian

- June 9, 2021 2 MIN READ

Simulate, a New York startup that makes “simulated” chicken nuggets, founded two years ago by Australian Ben Pasternak when he was just 19, has raised US50 million (A$65m) in a series B. The round was led by Reddit co-founder Alexis Ohanian, husband of tennis champion Serena Williams, through his VC fund Seven Seven Six. Ohanian… Read more »