NEW TECH FOODS

Tetra Pak and Danish biotech company Swan Neck Bio have joined forces to tackle one of the biggest challenges in producing fermentation-based foods at scale – preparing the seed culture.

Food Founders Studio has closed its initial funding round of CHF 1.2 million (approx. $1.5 million) and unveiled its first venture, a plant-based flavour improvement technology developed with a European university partner.

NoPalm Ingredients has promoted Julie Cortal-Oosterveer to the role of chief commercial officer as the company accelerates its push toward industrialisation and commercialisation.

UK biotech company CellRev has ceased trading after failing to secure Series A investment, CEO Chris Green confirmed this week.

Protein Industries Canada has announced that its CEO, Robert Hunter, is no longer with the organisation.

US-based ingredient technology firm MycoTechnology has named Robert Scott to its board of directors.

Discovery Park, Kent’s life sciences hub, has added two high-growth biotech start-ups to its CoLab innovation space.

Keychain, a start-up in the consumer packaged goods (CPG) sector, has secured $30 million in Series B funding, in a round led by Wellington Management, with participation from existing investor BoxGroup.

Sustainable investment firm Collateral Good has been appointed to manage a €100 million Sustainable Food Fund, formerly known as Blue Horizon Venture I.

The Good Food Institute (GFI) has announced that Nigel Sizer – a climate and public health expert and former head of the Rainforest Alliance – will be joining as its new chief executive on 26 August.

The Better Meat Co (BMC) has secured $31 million in an oversubscribed Series A funding round to expand its patented mycoprotein fermentation technology to commercial scale.

Bunge Global has acquired IFF's soy and lecithin business, a move that is poised to enhance Bunge's product portfolio and strengthen its position in the F&B sector.

UK-based biostimulant developer SugaROx has raised £1 million in a seed round extension to accelerate field testing of its Trehalose-6-Phosphate (T6P) product.

Area 2 Farms, a US start-up specialising in soil-based, hyper-local farming, will open a new sustainable urban farm in Fairfax City, Northern Virginia, by the end of 2025.

BASF, Corteva Agriscience and MS Technologies have signed a trait licensing agreement to introduce BASF’s nematode-resistant soybean (NRS) trait into Enlist E3 and Conkesta E3 soybean varieties for farmers in Brazil.

Prefer has raised $4.2 million in an oversubscribed funding round and launched its first commercial products.

Switch Bioworks has appointed two senior executives and moved into a new corporate headquarters and R&D facility in San Carlos, California, as it advances its biotechnology-based fertiliser development.

Australian cultivated meat company Magic Valley has announced a strategic partnership with US-based deep tech company Pythag Tech to support its scale-up using AI-powered bioprocess optimisation.

Israeli biotech start-up Novella Innovative Technology has partnered with Australian ingredient developer Metaphor Foods to bring next-generation natural food preservation solutions to market.

Foodtech company Win-Win, known for creating what it claims is the UK’s first cocoa-free chocolate alternative, has closed a £3 million Series A funding round.