Research presented at the Natural Product Expo West trade show on March 10 identified taste, texture and quality as unmet needs in plant-based meat and dairy alternatives.
The facility is expected to cultivate mycelium for use in chicken-style cutlets and steak-style fillets at an annual rate of tens of millions of pounds by late 2023.
Leading the Series A funding round was Unovis, an early backer of Oatly and Beyond Meat, with participation from Bessemer Venture Partners, AgFunder and KBW Ventures.
Daiya Foods, a manufacturer of plant-based pizzas, burritos and non-dairy cheeses, has named Erin Legge as chief financial officer and Melanie Domer as chief marketing officer, effective immediately.
A further deceleration in plant-based meat alternative sales has impacted Beyond Meat, Inc., leading to a greater loss than during the same period for the previous year.
Hoxton Farms raised $22 million in a Series A round for a new pilot facility to produce cultivated animal fat. The 13,000 square-foot startup facility will operate in London.