This Week In Food: Consumers excited to cook again and the launch of the world’s first industrial cultured meat facility

This Week In Food: Consumers excited to cook again and the launch of the world’s first industrial cultured meat facility

By
Nicola Spalding
June 25, 2021

This is a web version of FoodHack's 'This Week In Food' newsletter. Sign up here to receive the next edition to your inbox.

💡 The Digest

📈 What’s Up: A year of eating at home has got consumers excited about cooking again. A survey by The Food Industry Association showed that 41% of consumers surveyed intend to prepare more meals at home going forward than they did pre-pandemic. Maybe all those HelloFresh vouchers might actually come in handy.

📉 What’s Down: A first-of-its-kind $90M processing plant is being built in South Australia, to use a methane-reducing seaweed-based feed supplement for cows which could reduce their methane production by 90%, a major environmental impact.

📚 Nanyang Technological University in Singapore has debuted Asia’s first-ever alternative protein university course, for aspiring food scientists who want to be part of the future of food. 

💸 Fundraising for your startup? Our next investor newsletter goes out to 140+ active VC's and business angels in foodtech on Monday. Apply here before today at midnight to get your deck into the inboxes of leading investors. 

🎟 It’s the last chance to grab a super early bird ticket to the FoodHack Summit this October, before we announce our lineup of speakers (and jack the price up). Grab a ticket here, and I promise, you won’t be disappointed by the lineup.

⚽️ Ad of the Day: The Ikea marketing team were quick to get in on Ronaldo’s anti-Coca-Cola stance when they joke-launched a new line of reusable water bottles named, ‘Cristiano’. Well played Ikea, well played.

💸 Funding

🇪🇸 Heura secured €16M via a mix of crowdfunding and international funds as, after a year of retailing, its plant-based meat products are Spain’s most-sold alternative meats.

👶 Tiny Organics raised $11M series A funding to scale up its range of organic baby and toddler meals that contain no added sugar or salt, and are prepared in-house by an executive chef and team of neonatal scientists.

🌱 Babylon Micro-Farms received a $1M grant from the National Science Foundation to further develop its platform, BabylonIQ, that remotely manages its network of indoor grow systems in US food service venues.

💰 US agrifoodtech investor S2G Ventures, the largest fund of its kind in North America, has unveiled the first five of its investment deals made through its $100M fund dedicated to supporting marine ecosystems.

💸 Find all 15 funding rounds of the week here including Snackpass, Enough, Equinom, Mycorena, Chromologics, Better Juice, ResQ, Boomitra, Novo Farina, BonBot, 3Square

💡 Breakthroughs and Innovation

Source: Future Meat Technologies

🧫 Israeli food tech Future Meat Technologies has opened the world’s first industrial cultured meat facility, with the manufacturing capacity to produce 500kg of cell-based meat a day. 

🧃 Miso Robotics has introduced a new product: an automated beverage dispenser, in partnership with beverage dispenser manufacturer Lancer. The unit is a “much smarter version” of a fast-food beverage fountain, and is a follow up to the firm’s first product, a burger-flipping robot.

🧪 San Francisco-based Provenance Bio announced this week that it has successfully produced animal-free gelatin through its proprietary protein expression platform. 

🌱 88 Acres Foods, Inc. makes snacks, spreads and salad dressings formulated with seeds, that are nutrition-dense and allergen-free, and partners with other food producers to repurpose their seed waste.

🌾 The Supplant Company upcycles the fibre from agricultural side streams from crop production, such as husks, leaves, cobs and stems, into sugar that has a lower glycaemic index and fewer calories than white cane sugar.

🧈 Austrian startup Kern Tec upcycles stone fruit pits into oils and alternative dairy products. The seeds from inside the pits contain a high amount of protein, healthy unsaturated fats, and vitamin E.

🧫 Japanese cell-based meat startup Integriculture has partnered with a group of other companies to launch the CulNet Consortium, an open innovation platform for the development of cell-cultured meat in Japan and beyond.

🌱 Upcoming and Rumoured IPOs


🍩 Krispy Kreme has filed for IPO and is expected to raise $565 - 650M with its shares priced at between $21 and $24 each. It has proposed ‘DNUT’ as its Nasdaq symbol. Fitting.

🥗 Grab-and-go salad chain Sweetgreen has confidentially submitted its draft proposal for an IPO, having raised a total of $479 from private investors since its 2007 inception.

🥣 Mymuesli is rumoured to be working towards its initial public offering in the next few months, at a €250M valuation, having changed from a GmbH to an AG, a prerequisite for IPO.

🛒 Chinese e-grocers MissFresh and Dingdong are seeking to raise a combined $700M in their upcoming Nasdaq IPOs, selling 21 and 23 million shares respectively.

🤷 Speaking of IPOs. Sam at FoodHack wrote a great piece here about the rise of IPOs/SPACs in foodtech, how they work, and who's doing it. Well worth a read.

🕴Big Food

🥤 A consortium of soft drinks firms, which includes Nestlé, PepsiCo and Suntory, has announced the world’s first food-grade PET plastic bottles made from enzymatically recycled bottles

🍔 McLovin’: McDonald’s is launching its first-ever US loyalty scheme next month to hold on to the digital customers it gained through the pandemic. Loyalty programs can drive more frequent visits, higher average checks, and useful customer insight.

🍸 PepsiCo is launching three flavours of premium, nonalcoholic cocktail mixers called Unmuddled, designed for consumers “seeking experimentation, flavour variety, and a bar-quality experience at home”.

🍕 California Pizza Kitchen has debuted a chickpea crust pizza, which it claims is a first for a national restaurant brand. The new crust is gluten-free, and lower in carbs and higher in protein and fibre than the firm’s traditional crust.


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Curated by Nicola & Arman

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This is a web version of FoodHack's 'This Week In Food' newsletter. Sign up here to receive the next edition to your inbox.

💡 The Digest

📈 What’s Up: A year of eating at home has got consumers excited about cooking again. A survey by The Food Industry Association showed that 41% of consumers surveyed intend to prepare more meals at home going forward than they did pre-pandemic. Maybe all those HelloFresh vouchers might actually come in handy.

📉 What’s Down: A first-of-its-kind $90M processing plant is being built in South Australia, to use a methane-reducing seaweed-based feed supplement for cows which could reduce their methane production by 90%, a major environmental impact.

📚 Nanyang Technological University in Singapore has debuted Asia’s first-ever alternative protein university course, for aspiring food scientists who want to be part of the future of food. 

💸 Fundraising for your startup? Our next investor newsletter goes out to 140+ active VC's and business angels in foodtech on Monday. Apply here before today at midnight to get your deck into the inboxes of leading investors. 

🎟 It’s the last chance to grab a super early bird ticket to the FoodHack Summit this October, before we announce our lineup of speakers (and jack the price up). Grab a ticket here, and I promise, you won’t be disappointed by the lineup.

⚽️ Ad of the Day: The Ikea marketing team were quick to get in on Ronaldo’s anti-Coca-Cola stance when they joke-launched a new line of reusable water bottles named, ‘Cristiano’. Well played Ikea, well played.

💸 Funding

🇪🇸 Heura secured €16M via a mix of crowdfunding and international funds as, after a year of retailing, its plant-based meat products are Spain’s most-sold alternative meats.

👶 Tiny Organics raised $11M series A funding to scale up its range of organic baby and toddler meals that contain no added sugar or salt, and are prepared in-house by an executive chef and team of neonatal scientists.

🌱 Babylon Micro-Farms received a $1M grant from the National Science Foundation to further develop its platform, BabylonIQ, that remotely manages its network of indoor grow systems in US food service venues.

💰 US agrifoodtech investor S2G Ventures, the largest fund of its kind in North America, has unveiled the first five of its investment deals made through its $100M fund dedicated to supporting marine ecosystems.

💸 Find all 15 funding rounds of the week here including Snackpass, Enough, Equinom, Mycorena, Chromologics, Better Juice, ResQ, Boomitra, Novo Farina, BonBot, 3Square

💡 Breakthroughs and Innovation

Source: Future Meat Technologies

🧫 Israeli food tech Future Meat Technologies has opened the world’s first industrial cultured meat facility, with the manufacturing capacity to produce 500kg of cell-based meat a day. 

🧃 Miso Robotics has introduced a new product: an automated beverage dispenser, in partnership with beverage dispenser manufacturer Lancer. The unit is a “much smarter version” of a fast-food beverage fountain, and is a follow up to the firm’s first product, a burger-flipping robot.

🧪 San Francisco-based Provenance Bio announced this week that it has successfully produced animal-free gelatin through its proprietary protein expression platform. 

🌱 88 Acres Foods, Inc. makes snacks, spreads and salad dressings formulated with seeds, that are nutrition-dense and allergen-free, and partners with other food producers to repurpose their seed waste.

🌾 The Supplant Company upcycles the fibre from agricultural side streams from crop production, such as husks, leaves, cobs and stems, into sugar that has a lower glycaemic index and fewer calories than white cane sugar.

🧈 Austrian startup Kern Tec upcycles stone fruit pits into oils and alternative dairy products. The seeds from inside the pits contain a high amount of protein, healthy unsaturated fats, and vitamin E.

🧫 Japanese cell-based meat startup Integriculture has partnered with a group of other companies to launch the CulNet Consortium, an open innovation platform for the development of cell-cultured meat in Japan and beyond.

🌱 Upcoming and Rumoured IPOs


🍩 Krispy Kreme has filed for IPO and is expected to raise $565 - 650M with its shares priced at between $21 and $24 each. It has proposed ‘DNUT’ as its Nasdaq symbol. Fitting.

🥗 Grab-and-go salad chain Sweetgreen has confidentially submitted its draft proposal for an IPO, having raised a total of $479 from private investors since its 2007 inception.

🥣 Mymuesli is rumoured to be working towards its initial public offering in the next few months, at a €250M valuation, having changed from a GmbH to an AG, a prerequisite for IPO.

🛒 Chinese e-grocers MissFresh and Dingdong are seeking to raise a combined $700M in their upcoming Nasdaq IPOs, selling 21 and 23 million shares respectively.

🤷 Speaking of IPOs. Sam at FoodHack wrote a great piece here about the rise of IPOs/SPACs in foodtech, how they work, and who's doing it. Well worth a read.

🕴Big Food

🥤 A consortium of soft drinks firms, which includes Nestlé, PepsiCo and Suntory, has announced the world’s first food-grade PET plastic bottles made from enzymatically recycled bottles

🍔 McLovin’: McDonald’s is launching its first-ever US loyalty scheme next month to hold on to the digital customers it gained through the pandemic. Loyalty programs can drive more frequent visits, higher average checks, and useful customer insight.

🍸 PepsiCo is launching three flavours of premium, nonalcoholic cocktail mixers called Unmuddled, designed for consumers “seeking experimentation, flavour variety, and a bar-quality experience at home”.

🍕 California Pizza Kitchen has debuted a chickpea crust pizza, which it claims is a first for a national restaurant brand. The new crust is gluten-free, and lower in carbs and higher in protein and fibre than the firm’s traditional crust.


How did you like today's email?

Love it 😁 Meh 😐 Hate it 🙁

Curated by Nicola & Arman

This is a web version of FoodHack's 'This Week In Food' newsletter. Sign up here to receive the next edition to your inbox.

💡 The Digest

📈 What’s Up: A year of eating at home has got consumers excited about cooking again. A survey by The Food Industry Association showed that 41% of consumers surveyed intend to prepare more meals at home going forward than they did pre-pandemic. Maybe all those HelloFresh vouchers might actually come in handy.

📉 What’s Down: A first-of-its-kind $90M processing plant is being built in South Australia, to use a methane-reducing seaweed-based feed supplement for cows which could reduce their methane production by 90%, a major environmental impact.

📚 Nanyang Technological University in Singapore has debuted Asia’s first-ever alternative protein university course, for aspiring food scientists who want to be part of the future of food. 

💸 Fundraising for your startup? Our next investor newsletter goes out to 140+ active VC's and business angels in foodtech on Monday. Apply here before today at midnight to get your deck into the inboxes of leading investors. 

🎟 It’s the last chance to grab a super early bird ticket to the FoodHack Summit this October, before we announce our lineup of speakers (and jack the price up). Grab a ticket here, and I promise, you won’t be disappointed by the lineup.

⚽️ Ad of the Day: The Ikea marketing team were quick to get in on Ronaldo’s anti-Coca-Cola stance when they joke-launched a new line of reusable water bottles named, ‘Cristiano’. Well played Ikea, well played.

💸 Funding

🇪🇸 Heura secured €16M via a mix of crowdfunding and international funds as, after a year of retailing, its plant-based meat products are Spain’s most-sold alternative meats.

👶 Tiny Organics raised $11M series A funding to scale up its range of organic baby and toddler meals that contain no added sugar or salt, and are prepared in-house by an executive chef and team of neonatal scientists.

🌱 Babylon Micro-Farms received a $1M grant from the National Science Foundation to further develop its platform, BabylonIQ, that remotely manages its network of indoor grow systems in US food service venues.

💰 US agrifoodtech investor S2G Ventures, the largest fund of its kind in North America, has unveiled the first five of its investment deals made through its $100M fund dedicated to supporting marine ecosystems.

💸 Find all 15 funding rounds of the week here including Snackpass, Enough, Equinom, Mycorena, Chromologics, Better Juice, ResQ, Boomitra, Novo Farina, BonBot, 3Square

💡 Breakthroughs and Innovation

Source: Future Meat Technologies

🧫 Israeli food tech Future Meat Technologies has opened the world’s first industrial cultured meat facility, with the manufacturing capacity to produce 500kg of cell-based meat a day. 

🧃 Miso Robotics has introduced a new product: an automated beverage dispenser, in partnership with beverage dispenser manufacturer Lancer. The unit is a “much smarter version” of a fast-food beverage fountain, and is a follow up to the firm’s first product, a burger-flipping robot.

🧪 San Francisco-based Provenance Bio announced this week that it has successfully produced animal-free gelatin through its proprietary protein expression platform. 

🌱 88 Acres Foods, Inc. makes snacks, spreads and salad dressings formulated with seeds, that are nutrition-dense and allergen-free, and partners with other food producers to repurpose their seed waste.

🌾 The Supplant Company upcycles the fibre from agricultural side streams from crop production, such as husks, leaves, cobs and stems, into sugar that has a lower glycaemic index and fewer calories than white cane sugar.

🧈 Austrian startup Kern Tec upcycles stone fruit pits into oils and alternative dairy products. The seeds from inside the pits contain a high amount of protein, healthy unsaturated fats, and vitamin E.

🧫 Japanese cell-based meat startup Integriculture has partnered with a group of other companies to launch the CulNet Consortium, an open innovation platform for the development of cell-cultured meat in Japan and beyond.

🌱 Upcoming and Rumoured IPOs


🍩 Krispy Kreme has filed for IPO and is expected to raise $565 - 650M with its shares priced at between $21 and $24 each. It has proposed ‘DNUT’ as its Nasdaq symbol. Fitting.

🥗 Grab-and-go salad chain Sweetgreen has confidentially submitted its draft proposal for an IPO, having raised a total of $479 from private investors since its 2007 inception.

🥣 Mymuesli is rumoured to be working towards its initial public offering in the next few months, at a €250M valuation, having changed from a GmbH to an AG, a prerequisite for IPO.

🛒 Chinese e-grocers MissFresh and Dingdong are seeking to raise a combined $700M in their upcoming Nasdaq IPOs, selling 21 and 23 million shares respectively.

🤷 Speaking of IPOs. Sam at FoodHack wrote a great piece here about the rise of IPOs/SPACs in foodtech, how they work, and who's doing it. Well worth a read.

🕴Big Food

🥤 A consortium of soft drinks firms, which includes Nestlé, PepsiCo and Suntory, has announced the world’s first food-grade PET plastic bottles made from enzymatically recycled bottles

🍔 McLovin’: McDonald’s is launching its first-ever US loyalty scheme next month to hold on to the digital customers it gained through the pandemic. Loyalty programs can drive more frequent visits, higher average checks, and useful customer insight.

🍸 PepsiCo is launching three flavours of premium, nonalcoholic cocktail mixers called Unmuddled, designed for consumers “seeking experimentation, flavour variety, and a bar-quality experience at home”.

🍕 California Pizza Kitchen has debuted a chickpea crust pizza, which it claims is a first for a national restaurant brand. The new crust is gluten-free, and lower in carbs and higher in protein and fibre than the firm’s traditional crust.


How did you like today's email?

Love it 😁 Meh 😐 Hate it 🙁

Curated by Nicola & Arman

This is a web version of FoodHack's 'This Week In Food' newsletter. Sign up here to receive the next edition to your inbox.

💡 The Digest

📈 What’s Up: A year of eating at home has got consumers excited about cooking again. A survey by The Food Industry Association showed that 41% of consumers surveyed intend to prepare more meals at home going forward than they did pre-pandemic. Maybe all those HelloFresh vouchers might actually come in handy.

📉 What’s Down: A first-of-its-kind $90M processing plant is being built in South Australia, to use a methane-reducing seaweed-based feed supplement for cows which could reduce their methane production by 90%, a major environmental impact.

📚 Nanyang Technological University in Singapore has debuted Asia’s first-ever alternative protein university course, for aspiring food scientists who want to be part of the future of food. 

💸 Fundraising for your startup? Our next investor newsletter goes out to 140+ active VC's and business angels in foodtech on Monday. Apply here before today at midnight to get your deck into the inboxes of leading investors. 

🎟 It’s the last chance to grab a super early bird ticket to the FoodHack Summit this October, before we announce our lineup of speakers (and jack the price up). Grab a ticket here, and I promise, you won’t be disappointed by the lineup.

⚽️ Ad of the Day: The Ikea marketing team were quick to get in on Ronaldo’s anti-Coca-Cola stance when they joke-launched a new line of reusable water bottles named, ‘Cristiano’. Well played Ikea, well played.

💸 Funding

🇪🇸 Heura secured €16M via a mix of crowdfunding and international funds as, after a year of retailing, its plant-based meat products are Spain’s most-sold alternative meats.

👶 Tiny Organics raised $11M series A funding to scale up its range of organic baby and toddler meals that contain no added sugar or salt, and are prepared in-house by an executive chef and team of neonatal scientists.

🌱 Babylon Micro-Farms received a $1M grant from the National Science Foundation to further develop its platform, BabylonIQ, that remotely manages its network of indoor grow systems in US food service venues.

💰 US agrifoodtech investor S2G Ventures, the largest fund of its kind in North America, has unveiled the first five of its investment deals made through its $100M fund dedicated to supporting marine ecosystems.

💸 Find all 15 funding rounds of the week here including Snackpass, Enough, Equinom, Mycorena, Chromologics, Better Juice, ResQ, Boomitra, Novo Farina, BonBot, 3Square

💡 Breakthroughs and Innovation

Source: Future Meat Technologies

🧫 Israeli food tech Future Meat Technologies has opened the world’s first industrial cultured meat facility, with the manufacturing capacity to produce 500kg of cell-based meat a day. 

🧃 Miso Robotics has introduced a new product: an automated beverage dispenser, in partnership with beverage dispenser manufacturer Lancer. The unit is a “much smarter version” of a fast-food beverage fountain, and is a follow up to the firm’s first product, a burger-flipping robot.

🧪 San Francisco-based Provenance Bio announced this week that it has successfully produced animal-free gelatin through its proprietary protein expression platform. 

🌱 88 Acres Foods, Inc. makes snacks, spreads and salad dressings formulated with seeds, that are nutrition-dense and allergen-free, and partners with other food producers to repurpose their seed waste.

🌾 The Supplant Company upcycles the fibre from agricultural side streams from crop production, such as husks, leaves, cobs and stems, into sugar that has a lower glycaemic index and fewer calories than white cane sugar.

🧈 Austrian startup Kern Tec upcycles stone fruit pits into oils and alternative dairy products. The seeds from inside the pits contain a high amount of protein, healthy unsaturated fats, and vitamin E.

🧫 Japanese cell-based meat startup Integriculture has partnered with a group of other companies to launch the CulNet Consortium, an open innovation platform for the development of cell-cultured meat in Japan and beyond.

🌱 Upcoming and Rumoured IPOs


🍩 Krispy Kreme has filed for IPO and is expected to raise $565 - 650M with its shares priced at between $21 and $24 each. It has proposed ‘DNUT’ as its Nasdaq symbol. Fitting.

🥗 Grab-and-go salad chain Sweetgreen has confidentially submitted its draft proposal for an IPO, having raised a total of $479 from private investors since its 2007 inception.

🥣 Mymuesli is rumoured to be working towards its initial public offering in the next few months, at a €250M valuation, having changed from a GmbH to an AG, a prerequisite for IPO.

🛒 Chinese e-grocers MissFresh and Dingdong are seeking to raise a combined $700M in their upcoming Nasdaq IPOs, selling 21 and 23 million shares respectively.

🤷 Speaking of IPOs. Sam at FoodHack wrote a great piece here about the rise of IPOs/SPACs in foodtech, how they work, and who's doing it. Well worth a read.

🕴Big Food

🥤 A consortium of soft drinks firms, which includes Nestlé, PepsiCo and Suntory, has announced the world’s first food-grade PET plastic bottles made from enzymatically recycled bottles

🍔 McLovin’: McDonald’s is launching its first-ever US loyalty scheme next month to hold on to the digital customers it gained through the pandemic. Loyalty programs can drive more frequent visits, higher average checks, and useful customer insight.

🍸 PepsiCo is launching three flavours of premium, nonalcoholic cocktail mixers called Unmuddled, designed for consumers “seeking experimentation, flavour variety, and a bar-quality experience at home”.

🍕 California Pizza Kitchen has debuted a chickpea crust pizza, which it claims is a first for a national restaurant brand. The new crust is gluten-free, and lower in carbs and higher in protein and fibre than the firm’s traditional crust.


How did you like today's email?

Love it 😁 Meh 😐 Hate it 🙁

Curated by Nicola & Arman

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