NEW TECH FOODS

Asterix Foods has emerged from stealth with $4.2 million in seed funding to scale a new, low-cost alternative to precision fermentation.

Biomaterials developer Marine Biologics has entered into an exclusive partnership with Molecular Quantum Solutions (MQS) to accelerate the discovery and commercialisation of next-generation, seaweed-derived functional ingredients and biomaterials.

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

Terra Oleo, a Singapore-based biotechnology firm, has officially emerged from stealth mode, announcing a $3.1 million funding round backed by Breakthrough Energy Discovery.

Dutch food-tech company Revyve has raised nearly €24 million in Series B financing to accelerate the rollout of its functional yeast proteins, designed to replace eggs and additives in mainstream food categories.

Biotech start-up Novella Innovative Technology has launched Novella Strawberry, a new nutraceutical ingredient developed from whole strawberry cells using the company’s proprietary AuraCell cultivation platform.

Swedish foodtech company SMAQO has closed a funding round to support the development and launch of its first hybrid mycoprotein-based products.

US climate tech company Nitricity has raised $50 million in a Series B funding round to accelerate production of its organic nitrogen fertilizer and expand operations into Europe.