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 »


Melbourne imitation cheese startup raises $21.5m in a seed round

- February 16, 2022 2 MIN READ

A Melbourne startup producing “cheese” using fermented proteins, without cows involved, has raised an extra $16.9 million for a $21.5 million seed round. Change Foods creates dairy proteins, known as caseins, and the cornerstone of dairy cheeses, using fermented microbes to create animal-free cheeses. The business is still some way from hitting the plate, with… Read more »

Nicholas Simms

Plant-based proteins startup Fenn Foods raises $3 million for global push

- February 11, 2022 < 1 MIN READ

Queensland plant-based food startup Fënn Foods has raised $3 million as it looks to expand into offshore markets. The oversubscribed raise was backed by existing and sophisticated investors, led by fund manager Bombora Investment Management. The Sunshine Coast-based business was founded by Michelin-star trained chef Alejandro Cancino, from the highly lauded Brisbane restaurant Urbane. Fënn… Read more »

NIck Hazell

Plant protein venture v2food raises $72 million second series B for global expansion

- August 6, 2021 2 MIN READ

Plant-based protein startup v2food has raised A$72 million in series B-plus with Europe’s largest impact investment fund, Astanor Ventures leading the round. The latest capital injection is to ramp up expansion into China and Europe and scaling its manufacturing. The plant protein joint venture between Hungry Jacks billionaire Jack Cowin and the CSIRO, previously raised… Read more »