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 | November 12, 2020
This Series A round was led by Novo Holdings, joined by Roquette Ventures and Unovis Asset Management, and will help the Dutch startup to focus on R&D as well as scale up production of its mycoprotein ingredient "Fermotein." It hopes to commercialize Fermotein upon regulatory approval by 2021 in... To read more, click here.
News Commentary | November 09, 2020
The size of investment was not disclosed. ADM has been aggressive in recent years in expanding its prebiotic and probiotic offerings, including a $244 million acquisition of Probiotics International in June 2018. By partnering with Seventure Partners, ADM is extending its reach in the ecosystem with... To read more, click here.
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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