NEW TECH FOODS

Denmark-based Kost Capital, a newly established VC fund, has announced its first close of €25m for the next wave of food-tech start-ups.

Enifer has secured a €12 million grant from Business Finland to build a mycoprotein ingredient factory in the country’s Uusimaa region.

Standing Ovation, a French company that specialises in the production of non-animal caseins by precision fermentation, has received €3m.

UK companies Quest Meat and Multus have formed an R&D partnership to co-develop a cell culture ingredients platform for cell-based meat.

Perfect Day has announced that it has raised a pre-Series E financing round of up to $90 million, and has announced leadership changes.

The Japanese government has awarded $27.7m in funding to plant-based egg producer Umami United and cell-based meat biotech IntegriCulture.

Libre Foods has been awarded a €335,000 public R&D grant by Neotec to develop its low-cost mycelium ingredient for meat alternatives.

FGen has been awarded funding through the European Innovation Council's (EIC) ‘Pathfinder Challenge’ programme.