Bühler teams up with Big Idea Ventures to invest in meat alternative startups

SWITZERLAND – Grain and food processing solutions provider, Bühler has announced a partnership with Big Idea Ventures to accelerate the success journey of start-ups developing alternatives to animal-derived protein products. Big Idea Ventures, a global venture capital fund, recently launched the New Protein Fund seeking to raise US$250 million to invest, accelerates, and scales global food companies focused on plant-based foods, cell-based foods, and related technologies and ingredients. Big Idea Ventures runs four accelerator programs annually in New York and Singapore and with the New Protein Fund, the venture capital…

Read More

Tropic Biosciences raises US$28.5m to transform the tropical agriculture industry

UK – Tropic Biosciences, an agricultural-biotechnology company based in Norwich, England, has raised US$28.5 million in a Series B round of equity funding led by global investment company headquartered in Singapore, Temasek. Tropic Biosciences is developing high-performance varieties of tropical crops products to promote cultivation efficiencies, consumer health, and sustainable environmental practices. With the funding round, which counts as the largest ever funding in the UK AgriTech sector, Tropic said that it is poised to accelerate its growth trajectory through field trials for its novel banana and coffee varieties. The…

Read More

Dairy alternatives startup Perfect Day raises US$140m in Series C funding round

USA – Perfect Day, a California-based dairy alternatives startup has raised US$140 million in Series C Funding round led by Singapore’s investment giant Temasek to help commercialize its ingredients and expand its footprint. The funding round is more than twice what the company raised since its inception and brings Perfect Day’s total funding to US$201.5 million. According to a Financial Times report, the startup has been valued at US$440m during this round. In this funding round, both Temasek and Horizons Ventures—who led Perfect Day’s Series B funding earlier this year—have…

Read More

Meat alternatives startup Impossible Foods to enter Asia after funding round

SINGAPORE– Singapore’s Temasek Holdings has co-led a $114-million convertible note financing round in Impossible Foods, a California-based startup that makes plant-based burger patties that taste like beef. The latest investment brings the startup’s total funding to nearly $400 million so far. Impossible Foods announced the successful closing of the investment, co-led by Shanghai- and Hong Kong-based private equity firm Sailing Capital, as it plans to launch its Impossible Burger in Asia. “Asia drives 44 per cent of the world’s demand for meat, and the rate of consumption is growing faster…

Read More