NEW TECH FOODS

Danish food-tech start-up Matr Foods has completed a €40 million fundraise to scale up the production of its organic, fermented plant-based meat alternatives.

StartLife and EIT Food have announced a strategic partnership aimed at supporting early-stage agrifood start-ups across Europe.

The Good Food Institute (GFI) Asia Pacific has initiated a partnership with South Korea’s World FoodTech Council, focused on accelerating domestic alternative protein innovation.

A new US food-tech company, Lasso, has been launched by the team behind plant-based meat start-up Tender Food, supported by $6.5 million in new funding.

Volare has expanded its leadership team with the appointments of Benjamin Armenjon as chief commercial officer (CCO) and Antti Åke as chief operating officer (COO), as the company advances construction of its first large-scale insect protein facility in Pori, Finland.

Kemin Industries, a global ingredient manufacturer, has acquired CJ Youtell Biotech, the enzymes and fermentation subsidiary of CJ Bio.

The Magnum Ice Cream Company (TMICC) has announced a partnership with foodtech firm NotCo to accelerate innovation in the US market.

Innovative methods of producing food through fermentation could add nearly £10 billion to the UK economy by 2050, according to new analysis.