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Asia Food and Beverage Food Processing Organic Food Retail

Plant-based food startup Next Gen lands $10M seed round from investors including Temasek

– Singaporean plant-based food startup Next Gen raised $10m in seed funding.
– The round was led by Temasek, K3 Ventures, EDB New Ventures (an investment arm of the Singapore Economic Development Board), NX-Food, FEBE Ventures and Blue Horizon.
– The company plans to launch its plant-based “chicken” brand TiNDLE in Singaporean restaurants next month.

Europe Food and Beverage Food Processing

Mosa Meat completes $85m Series B investment round

– Mosa Meat completes $85m Series B investment round.
– The round was led by Blue Horizon Ventures and includes Nutreco and Jitse Groen.
– Mosa Meat will use the funds to extend its current pilot production facility at its home in Maastricht, develop an industrial-sized production line, expand its team, and introduce delicious cultivated beef to consumers.
– This third closing of $10m brings the total raised in the round to $85m.

3D Technology Asia Food and Beverage Food Processing

Redefine Meat Raises $29M in Series A Funding

– Redefine Meat is a Rehovot, Israel-based alt-meat company.
– Company closed a $29m in series A funding.
– The round was led by Happiness Capital and Hanaco Ventures, joined by CPT Capital, as well as other new international investors including Losa Group, Sake Bosch, and K3 Ventures.
– The new investment will be used to expand its meat portfolio and support its commercial launch and international growth in 2021, on the back of the slated completion of a large-scale production facility for its industrial 3D Alt-Meat printers set for later this year.

Food and Beverage Food Processing North America Snack Food

Rule Breaker Snacks Secures Funding

– Rule Breaker Snacks, maker of vegan, gluten-free, allergy-friendly treats, announced Bimbo Ventures, has made a minority investment in the company.
– Grupo Bimbo is the world’s largest baking company.
– Rule Breaker Snacks manufactures wholesome, clean-ingredient snacks that are vegan, gluten-free, kosher, nut-free, non-GMO, and free from the top eleven allergens including dairy, eggs, sesame, soy and wheat. All Rule Breaker Snacks feature chickpeas as the first ingredient and are packed with protein and fiber.

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