THIS SECTION IS FOR NEWS AND INTERESTING STORIES RELATED TO FOOD, NUTRITION AND FOOD PROCESSING. THEY ARE NOT NECESSARILY RELATED TO KOSHER BUT MAY BE OF INTEREST TO THE KOSHER CONSUMER, MANUFACTURER OR MASHGIACH.
"According to Reuters, Impossible Foods, maker of the plant-based Impossible Burger, has raised $300 million in the latest round of funding ahead of a possible initial public offering (IPO). The fifth equity funding round since its launch in 2011 brings the Impossible Foods’ total raised to more than $750 million and values the startup at $2 billion. By comparison, Beyond Meat had a market capitalization of just under $1.5 billion in its IPO May 2 but now tops $4 billion."
Impossible Foods launched its first plant-based meat burger, using its key ingredient heme, over two years ago. The Impossible Burger is now sold at more than 7,000 restaurants worldwide including White Castle, Qdoba, Red Robin, and at Disney theme parks. Burger King is currently testing the Impossible Whopper at select U.S. locations and then plans to release it nationally. In addition, Impossible Foods."
"Cargill has announced it will invest in Aleph Farms, a cultured meat company focused on growing complex meat varieties like steak. Cargill is participating in a Series A investment round led by VisVires New Protein and joined by several other investors looking to move Aleph Farms’ product from prototype to the commercial marketplace. Aleph Farms grows meat directly from beef cells using a 3D tissue engineering platform. In December 2018, it achieved a world-first by demonstrating it could grow a steak directly from bovine cells."
"Aleph Farms plans to begin building bio-farms and move toward a limited consumer product launch with steak grown under controlled conditions in three to five years."
The investment in Aleph Farms builds on Cargill’s other partnerships in alternative protein. In 2017, Cargill was an early investor in Memphis Meats, a company leading the way in development of cultured meat. Cargill also is an investor in plant-based protein through Puris, a firm that has launched a new pea-based protein that is non-GMO, organic, and allergen-friendly."
The information posted is from secondary sources. We cannot take responsibility for the accuracy of the information. |
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