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- Formo raises US$61 million to scale Koji protein cheese
Formo raises US$61 million to scale Koji protein cheese
Plus, Planted expands European footprint with new German production facility, Solar Foods lists on Nasdaq First North Growth Market Finland, and more!
With a plethora of stories this past week, there’s no question as to who was the big cheese among our headline-makers this week!
First, though, the first of our Future of Protein Production speaker interviews has just been published. This week, we got to meet BlueNalu’s Lou Cooperhouse, who emphasizes the importance of open innovation and collaboration while protecting intellectual property.
A late entry to our newsdesk this week involved a relatively new player in the dairy-free market, which has secured significant funding. With a revolutionary approach using fermentation techniques, they're poised to disrupt the global cheese industry, offering a sustainable alternative that's both delicious and environmentally friendly. Watch out, traditional dairy!
Meanwhile, a Swiss food-tech company has invested in a new production facility in Germany to meet growing demand for its plant-based meat. The state-of-the-art facility, using fermentation technology, will be one of the most modern in Europe.
A Finnish food-tech company has also successfully listed on Nasdaq First North Growth Market Finland. The company in question plans to use the listing to expand globally, scale production, and develop new products.
Another innovator, this one specializing in creating designer fats, has successfully scaled up its production process, paving the way for commercialization. Designed to replicate animal-derived fats, potential applications in a variety of industries including food and personal care.
And on the other side of the Atlantic, in a major legal victory, a plant-based food giant has acquired its rival's key technology, solidifying its dominance in the market. The acquisition, resulting from a long-running legal battle, grants access to valuable patents and expertise in a crucial ingredient for plant-based meat alternatives.
Don't forget you can follow us on LinkedIn for daily updates and breaking news. In the meantime, we hope you have another fantastic week!
