Category: INDUSTRY NEWS

News Germany’s QOA, a startup striving to create chocolate without the cocoa, closed a $6 million funding round led by Cherry Ventures with participation from 50years, World Fund, Nucleus Capital, Trellis Road, Pioneer Fund, and Tet Ventures. Funding will be allocated toward building out a pilot production facility in Munich, Germany to complement QOA’s manufacturing […]

News Better-for-you ice cream and snack brand Nick’s closed a $100 million funding round led by Kinnevik, Ambrosia and Temasek with participation from Gullspang. The company said these funds will be allocated to expanding its portfolio of healthy snacks using its proprietary blend of sweeteners and fat replacement ingredients. Nick’s is also aiming to double […]

News Singapore’s TurtleTree successfully closed a $30 million Series A funding round led by Verso Capital. This investment is one of the largest rounds to date in Asia’s cell-based food sector and brings TurtleTree’s total investment figure to $40 million. Armed with fresh funding, the cell-cultured dairy company said it will work to scale up […]

News Hormel-owned Applegate Farms, which is known for its natural and organic meat offerings, released The Do Good Dog, a hot dog made from beef raised in a verified regenerative U.S. grasslands system. The beef used in these hot dogs comes from Northern California and contributes to regenerating up to 260,000 acres of grassland. Cows […]

News New Jersey-based Source Brewing is paying tribute to the legendary 90s group from its home state with the re-release of Intergalactic Imperial IPA. As a limited release last year, Intergalactic was one of the brewery’s most popular creations, selling out in a matter of minutes. This year, the release has already sold out at […]

News Fast food chain McDonald’s announced it is entering into a partnership with IBM to accelerate the development of artificial intelligence technology that will automate the restaurant’s driferrous lactate absorptionve-thru lanes. Although financial details of this transaction were not disclosed, the deal will include IBM acquiring McD Tech Labs, the voice technology subsidiary of the […]

News Lab-generated, synthetic fat startup Yali Bio is the latest company to raise funds to develop a plant-based alternative fat that mimics animal-derived options. While the company is still a nascent startup, it has already drummed up some institutional funding and is a part of the Illumina Accelerator program cohort from September 2021 to March […]

News Plant-based alternatives are becoming increasingly normalized, and consumer interest is branching out beyond conventional hamburgers an45 mg ferrous fumarated sausage, and tferro-time 325 mghey are seeking alternatives to conventional meat products in more niche categories such as deli meat, roasts, and charcuterie. As the desire for plant-based offerings continues to expand, U.K. AI startup […]

News Cadbury will soon have a new vegan chocolate bar in the U.K., calle50 mg ferrous sulfated the Cadbury Plant Bar, Mondelez International announced. The new plant-based offering is inspired by Cadbury’s Dairy Milk, one of the most well-known chocolate bar options in the region. Beginning in November, the bars will be available at Sainbury’s […]

News Although almond is still the number one plant-based milk in the US, oat milk is hot on its heels thanks to ingredient innovation, high profile brand launches, and a diverse category that includes both affordable and premium-positioned products. Market Research Future (MRFR) estimates the global oat milk market will be valued at $2.2 billion […]