NEW TECH FOODS

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.