News Commentary | October 30, 2019
Lux Capital led the round, joined by S2G Ventures, CPT Capital, and Y Combinator. Shiru is looking to produce proteins via fermentation that impart specific functionality to foods. This is very similar to the approach employed by Motif FoodWorks. Both are honing in on functionality, as opposed to ... Not part of subscription
News Commentary | December 13, 2019
The funding comes just a few weeks after the company announced it is expanding into dairy fats. While this event is a win for cellular agriculture, it underscores the capital‑intensive nature of scaling the production approach. As a reference, the most highly funded plant‑based dairy company, Ripple... Not part of subscription
News Commentary | December 20, 2019
This investment round was co‑led by M Ventures, the corporate venture arm of Merck, along with Agronomics. This is M Ventures' second investment in the cellular agriculture space, having previously invested in Mosa Meat, a cultured meat startup. Legendairy is using synthetic biology and fermentation... Not part of subscription
by Thomas Hayes
The $200 million in funding came from the founders, a mix of industry veterans. The newly formed entity acquired Livekindly Media, from which its name derives, and two plant-based chicken brands in LikeMeat (from Germany) and The Fry Family Food Co. (from South Africa). It has set up partnerships with poultry companies PHW Group in Europe and RCL Foods in South Africa. Additionally, it acquired an equity stake in Puris, the pea protein supplier that has a JV with Cargill. The press release mentioned that the group plans to continue acquisitions, signaling that Livekindly Co. is looking to scale big and scale fast. Clients, plant proteins are reaching unprecedented levels of commercial maturity. Move swiftly or be left behind.
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