Israeli food-tech startup InnovoPro raises US$3m to fund scale up operational capabilities

ISRAEL – Israeli food-tech firm InnovoPro has raised US$3 million from a number of investors to scale up operations and enable the company venture into new business development activities. The latest funding follows a US$15 million funding that the startup raised earlier this year in a series B round funding, led by Israeli VC firm Jerusalem Venture Partners (JVP). The current round of funding was comprised of a number of investors including, Rabobank’s Food & Agri Innovation Fund, venture capital firm ICOS Capital, and iAngels, an Israeli Angels investment platform.…

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DouxMatok partners Lantic to commercialize revolutionary sugar reduction ingredient

ISRAEL – Israel-based sugar reduction ingredient company DouxMatok has unveiled a manufacturing partnership with Lantic, owned by Rogers Sugar, Canada’s largest refiner of the sweetener. The partnership will enable DouxMatok’s signature ingredient, which allows the amount of sugar in products to be reduced about 40%, to be produced in large scale and made available to U.S. food companies in 2021. Lantic has a large reach in Canada, with refineries in Montreal and Vancouver, British Columbia, as well a factory in Alberta that can produce up to 165 tons of sugar…

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Equinom launches new R&D center to enhance its production ability

ISRAEL – Equinom, a seed-breeding technology company, has opened a new research and development (R&D) centre in Givat Brenner, Israel, that will house all vital departments together – biochemistry, applications, sensory, and breeding and will enhance its production ability. Equinom is a tech start-up that uses computerised breeding technology to provide ‘optimised’ seeds to food and ingredient firms in the food industry. The new center will enable these departments to work and communicate synergistically throughout the course of seed breeding and development, resulting in a more efficient and more accurate…

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Food colouring company Phytolon raises US$4.1m funding to commercialise its fermentation-based technology

ISRAEL – Phytolon, a food and beverage company that offers a technology designed for the production of natural food colorants using bakers yeast cells as bio-factory, has raised US$4.1 million in funding to commercialise its fermentation-based technology for the production of food colours. The Israel-based company was founded in 2018 following a collaboration between The Trendlines Group and the Weizmann Institute of Science. “This round will enable us to reach the market with our healthy and sustainable food colours that offer a high-quality and cost-efficient solution to the food industry,”…

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Israeli cultured meat start-up Meat-Tech 3D to acquire cultured fat developer

ISRAEL – Meat-Tech 3D Ltd, a developer of industrial-scale cultivated meat production technologies based on advanced 3D bioprinting, has signed a letter of intent to acquire 100% of a leading developer of cultured fat products for US$17.5 million. The target company developed a unique, proprietary stem-cell-based technology to produce animal fats, such as those from cattle, chickens or geese, produced in a bioreactor without harming any animals. The Israel based company expects this acquisition will allow it to expand its clean meat offerings, accelerate capability development, and shorten times to…

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New global agtech leader: Syngenta AG, ADAMA, Sinochem consolidate operations

SWITZERLAND – Syngenta Group Co. has announced the official launch of Syngenta Group, a new entity that unites the strengths of Syngenta AG, headquartered in Switzerland, ADAMA, based in Israel, and the agricultural businesses of Sinochem, based in China. The new entity, Syngenta Group, will be headquartered in Switzerland, employing a total of 48,000 people in more than 100 countries, and will leverage the capabilities of the three companies to become a global leader in agricultural science and innovation. ADAMA, Syngenta and Sinochem’s agriculture-related activities – which collectively had sales…

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Alternative meat company Aleph Farms going carbon-neutral by 2025

ISRAEL – Aleph Farms, an Israeli cultured meat company, has announced its new sustainability strategy: to eliminate emissions associated with its meat production by 2025 and reach the same net-zero emissions across its entire supply chain by 2030. Aleph Farms has pioneered a revolutionary technology that enables cultivation of real meat without exerting pressure on animals or the environment as part of its mission to provide sustainable food security on the planet. The company recently announced that it had successfully carried out a trial on cell-grown meat in the space…

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Israeli startup Cannibble FoodTech eyes listing on a major stock exchange

ISRAEL – Cannibble FoodTech, an Israeli-based food-tech developer of cannabis-based edibles targeting a variety of different, new and revolutionary types of cannabis infused food and beverages, has unveiled plans of listing on a major stock exchange by the end of 2020. Cannibble Foodtech is currently on its second fund raising round after successfully closing a US$1 million investment round in March last year. The round saw the startup become the first company in Israel to raise US$1m from a crowdfunding platform and to cross the 1,000 investors bar. In March…

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Israeli startup develops antimicrobial solution to protect food production environs

ISRAEL – Bio-Fence, an Israeli startup established under The Kitchen Foodtech Hub, has developed an antimicrobial coating technology designed to prevent infection by pathogenic bacteria in such as Listeria and Salmonella food production environments. Bio-Fence’s observes that its technology effectiveness has been proven in laboratories under International Standard ISO 22196 and in food sites in Israel and worldwide. With the outbreak of COVID-19, the startup also revealed that its antimicrobial coating technology has also proven to be effective in killing viruses, and therefore can create immediate and long-lasting bacteria and…

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Müller invest in Israeli dairy alternative start-up Yofix Probiotics’ funding round

ISRAEL – Müller Ventures, the early stage investment arm of The Müller Group has invested in clean-label dairy alternatives innovator, Yofix Probiotics, based in Israel. Müller Ventures was part of the new investors in Yofix Probiotics’ extended series-A round of strategic investment. The French Bel Group and LionTree Partners also joined Müller in the financing round which brings in a total of US$2.5 million. The new infusion of funding will provide the startup with significant leverage for attaining global expansion of its current portfolio of award-winning plant-based yogurts. Yofix said…

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