{"_id":"agxzfmlsbGlzdHNpdGVyGAsSC05ld19Db21wYW55GICAgIW-144KDA","lastupdate":"2023-06-07T00:00:00.000Z","update_date":"2023-06-07T00:00:00.000Z","lastModified":"Dec 14, 2023","active":1,"confidence_score":100,"confidence_score_reason":"markets","urlname":"flying-spark","minimal_profile":null,"status":"Public","fullstatus":"Public on TASE on Mar, 2021<br>","acquired":0,"hide_reason":null,"hide_reason_data":null,"hide_reasons":[{"id":"8257rxn4P8EFQOmS5hAAauHyYMhhxrA5u6yWX4XUShpybX3AMNo3Y9","reason":"Pending approval - External entity"},{"id":"aOIaOiiqfpA8UMw6VCTh8ueRmkG3lzDy1NGqEOaJbe11OrCzMTCCd6","reason":"The company is a service provider"},{"id":"ddgjKuc3GgH8E5UehSVJviRl471BCajL1plO8HtGoOojy2NivYqQ7x","reason":"Owner asked to delete"},{"id":"EjOKM211H1ira9J63oaGPuUxvr7Oba55TZo3NWsFO5uhbNu7o4x4zD","reason":"The company is not Israeli"},{"id":"J7fQJtnT3GdWWSE3MD8rzaW65LJ4jEIKxSZnneQiReONdZjG3zIqWe","reason":"Owner asked to hide in the meantime"},{"id":"NxlAC3ReFb5ksiYNLp2FnUyluoJzwRCYfcF7xpTZaPM53SdWQ5kv0B","reason":"Pending approval"},{"id":"RhC1tlwXzioK0MfzBII3H2wepEfQOfKVktmdwqeqTJjGi3ZaBWUqZo","reason":"The company is not innovative"},{"id":"S0Ed46vNI6vZYVxLedANWGjas23K6hY0QdsCtiGYL7lshqIEdLV3sA","reason":"The company ceased operations in Israel"},{"id":"VTANq7bEvlsEcPjp0ghelXfShaCosgndONGjgU730aAOxXtaDIF5j3","reason":"This is a product of an existing company"}],"type":"Startup","logokey":"$zmQYL0zv0rEoUHuyPerGA7Cq10Nxyk55lOozV61HVJMo4wXxNe3RYU.PNG","name":"Flying Spark","oneliner":"Fruit Fly Larvae-derived Protein","registrar":"515259307","website":"https://www.flyingspark.com/","careerspage":"https://www.flyingspark.com/careers","founded_month":5,"founded_year":2015,"formernames":[],"sociallinks":{"twitter":"","youtube":"","facebook":"https://www.facebook.com/FlyingSparktld","linkedin":"https://www.linkedin.com/company/11476162","instagram":"https://www.instagram.com/flyingsparkltd"},"social":["https://www.instagram.com/flyingsparkltd","https://www.facebook.com/FlyingSparktld","https://www.linkedin.com/company/11476162"],"flattenedsociallinks":"https://www.instagram.com/flyingsparkltd|https://www.facebook.com/FlyingSparktld|https://www.linkedin.com/company/11476162","apps":{"appstore":"","googleplay":""},"is_claimed_by_owner":1,"employees":"11-50","employees_exact":22,"patent":0,"raised":10470000,"stage":"Public","public_stage":"Public","primary_sector_key":"agxzfmlsbGlzdHNpdGVyJAsSF0Jhc2VDbGFzc2lmaWNhdGlvbk1vZGVsGICA4Jvz2KAJDA","primary_sector":"Agriculture & Food Technologies","alternativenames":["FlyingSpark"],"about":"Flying Spark has developed a technology to produce animal protein out of fruit fly larvae, enabling new ways of incorporating larvae protein into high-value food products for human consumption on an industrial scale. The company's protein powder is cholesterol-free and rich in iron, calcium, and magnesium. It also has a high essential amino acid profile, high bioavailability, and low glycemic index.\n\nFlying Spark's technology combines the farming and processing of the larvae, creating an efficient biological factory that can transform a low-cost proprietary diet into high-quality protein powders. The larvae have an extremely short lifecycle and rapid growth, making them an affordable source of animal protein. In addition, the process utilizes virtually no water or land and produces neither waste nor greenhouse gas emissions.","climatetech_description":null,"is_climatetech_relevant":null,"phone":"+972-8633-9556","country":null,"address":{"israeli":[{"id":"PPt9mwkdRnkguBkpQiE7jdkhvif3BZJsJLyVno7c06I43zRherfQPy","city":"Rehovot","type":null,"address":"Yitzhak Modai St 2, Rehovot, Israel","placeid":null,"notactive":null,"openeddate":null,"registrarid":null,"firstrdcenter":null,"registrarname":null}],"officesabroad":[{"id":"bBiogOv8rICUj3rf4zC4b9VsfFCCkKYnN6TSUUM3cvf5OOaPVeyjy0","city":"Huai Rong","address":"8RJR+GRQ, Huai Rong, Khao Yoi District, Phetchaburi 76140, Thailand","country":"Thailand","placeid":null}]},"headquarter_address":null,"district":null,"news":[{"id":"33kj39T23mmebTvzQURBqeIcTkMjidap0i2R763WustnC6gX1b6VRP","date":"Feb 1, 2023","link":"https://www.sponser.co.il/Article.aspx?_atscid7_134353_204082920_2362570_0_Txtetaxjxdshwhus8sp&ArticleId110896","source":"www.sponser.co.il","visible":1,"analysis":{"tags":"Not Identified","company":"Not Identified","layoffs":"Not Identified","summary":"The provided text does not contain sufficient information to identify a specific company or relevant business event. The text appears to be a mix of navigation elements and categories from a financial news website, written in Hebrew. It includes sections on market news, stock analysis, and trading courses, but no specific details about a companys activities, investments, acquisitions, or other business events are mentioned.","partners":"Not Identified","customers":"Not Identified","investors":"Not Identified","confidence":1,"key_topics":[],"date_of_event":"Not Identified","valuation_amount":"Not Identified","impact_on_company":"Not Identified","investment_amount":"Not Identified","structured_issues":[],"acquisition_amount":"Not Identified","entityGrowthIconPath":"none;"},"sentiment":"Not Identified","analysisId":"CQfoS2OIn6veJVULmXlecT7ySbg0ITPrFmouPIKcaJCIQ0GOHHEQiQ","news_summary":"קונה זמן? פליינג ספארק צפויה להתחיל בייצור מדורג במפעל בתאילנד","analysisStructuredIssuesDisplay":"none","analysisImpactOnCompanyDisplay":"block"},{"id":"Zj7fqEosu3VHROCcRRoXxn9nwqxp96YrTjJeiXdASyFmrGT7MWKtl1","date":"Oct 17, 2022","link":"https://www.calcalist.co.il/market/article/r18gfejqj?_atscid=7_134353_204082920_2292770_0_Txtetaxjxdshwhus8sp","source":"www.calcalist.co.il","visible":1,"analysis":{"tags":"Acquisition, Investment","company":"Flying Spark","layoffs":"Not mentioned","summary":"Businessman Yariv Lerner is set to acquire a controlling stake in food tech company Flying Spark. Lerner will purchase 26% of Flying Sparks shares for 5.7 million shekels, a 57% discount on the share price. Flying Spark, which produces alternative protein from fly larvae, has seen its share price fall by 76% since the beginning of the year. The company, which has yet to record significant revenues from its operations, is transitioning to a commercial stage and is setting up its first production plant in Thailand. The funds from the acquisition will be used to finance the companys ongoing operations, particularly the completion of the transition to the commercial stage.","partners":"Mitr Phol","customers":"Not mentioned","investors":"Yariv Lerner","confidence":8,"key_topics":["Acquisition","Investment","Alternative Protein","Financial Struggles","Company Expansion"],"date_of_event":"Not mentioned","valuation_amount":"17 million shekels","impact_on_company":"growth-positive","investment_amount":"5.7 million shekels","structured_issues":["Acquisition","Investment"],"acquisition_amount":"5.7 million shekels","structuredIssuesShow":"#Acquisition  #Investment","entityGrowthIconPath":"url(/assets/circle-green.svg);"},"sentiment":"growth-positive","analysisId":"9QtXL6VGG9AS1fzLiiakzfDLg0dOidYSSjHa6JI4wmERPVvW9SRk5I","news_summary":"ממשיך להתרחב: יריב לרנר רוכש את השליטה בחברת הפודטק פליינג ספארק | כלכליסט","analysisStructuredIssuesDisplay":"block","analysisImpactOnCompanyDisplay":"block"},{"id":"LVJOtidyKxA2bGkptOneWm2q4SIZ6KYPbS3pPsZjwx1JSKuMfmY4sA","date":"Sep 19, 2022","link":"https://www.maariv.co.il/business/tech/Article-946805","source":"www.maariv.co.il","visible":1,"analysis":{"tags":"Investment, Expansion","company":"Flying Spark","layoffs":"N/A","summary":"Israeli foodtech startup Flying Spark has received an investment of approximately $2.5 million from international food giant Mitropul of Thailand. The company, which produces protein from insects, is now seeking additional funding through the stock market. Flying Sparks protein replacement is different from the common alternatives currently on the market, as it is based on fruit fly larvae. The protein produced by Flying Spark is a complete protein, meaning it contains all the components found in animal protein and is considered higher quality. The company was only established a year and a half ago but has already signed investment deals with three major corporations in the East.","partners":["Thai Union","Garguar Labs"],"customers":"N/A","investors":["Mitropul","Thai Union"],"confidence":9,"key_topics":["Protein Replacement","Investment","Expansion","Food Industry","Sustainability"],"date_of_event":"19/09/2022","valuation_amount":"N/A","impact_on_company":"growth-positive","investment_amount":"$2.5 million","structured_issues":["Investment","Expand"],"acquisition_amount":"N/A","structuredIssuesShow":"#Investment  #Expand","entityGrowthIconPath":"url(/assets/circle-green.svg);"},"sentiment":"growth-positive","analysisId":"yiu4tkMUsjUJ0iP0jInJj34I5GFVPSKQaWf6jDSNVeeBzNblrfZKcM","news_summary":"מדינות המזרח מחפשות פתרונות לחלבון מהחי - ומצאו אותו אצל סטארטאפ ישראלי שמייצר חלבון מזחלים","analysisStructuredIssuesDisplay":"block","analysisImpactOnCompanyDisplay":"block"},{"id":"905df43f-6fda-405d-905c-8d6abfd2f72b","date":"Jan 22, 2022","link":"https://www.maariv.co.il/business/tech/Article-892726","source":"www.maariv.co.il","visible":1,"analysis":{"tags":"Foodtech, Protein Production","company":"Flying Spark","layoffs":"N/A","summary":"Israeli startup Flying Spark, which produces protein from insects, is marking the future of the food industry. The company was founded by Eran Gronich after he was exposed to the global protein crisis. Flying Spark produces raw material - a very fiber and mineral-rich white protein powder that can be used to make various products. The company has recently been listed on the stock exchange and successfully raised NIS 24 million at a value of NIS 90 million. The companys headquarters are located in Israel and a production plant is being set up in Thailand.","partners":["IKEA","Thai Union","Sumitomo Chemical"],"customers":"N/A","investors":["Strauss","Thai Union","Sumitomo Chemical"],"confidence":9,"key_topics":["Protein Production","Insect-based Protein","Investment","Expansion","Sustainability"],"date_of_event":"22/01/2022","valuation_amount":"90 million NIS","impact_on_company":"growth-positive","investment_amount":"24 million NIS","structured_issues":["Investment","Expand"],"acquisition_amount":"N/A","structuredIssuesShow":"#Investment  #Expand","entityGrowthIconPath":"url(/assets/circle-green.svg);"},"sentiment":"growth-positive","analysisId":"K0matInfKjtmM9sBbYYhfoXQwyqgE1QSULSMNQDijKtVF4MgcoiSeD","news_summary":"האוכל של העתיד: הפיתוח החדש שיכניס את החרקים למזון שלנו","analysisStructuredIssuesDisplay":"block","analysisImpactOnCompanyDisplay":"block"},{"id":"644e1afc-e82f-463c-8a00-9f60209e3315","date":"Jun 23, 2021","link":"https://www.israel21c.org/would-you-eat-fruit-flies-this-company-is-betting-you-will/","source":"www.israel21c.org","visible":1,"analysis":{"tags":"food-tech, insect protein, sustainability","company":"Flying SpArk","layoffs":null,"summary":"Israeli food-tech startup Flying SpArk is producing protein powder from fruit fly larvae. The companys larvae-derived powder is rich in protein, amino acids, and minerals, and is pesticide- and antibiotic-free. Flying SpArk aims to address the global food crisis and environmental disaster caused by traditional meat production. The company estimates that its protein powder saves significant amounts of freshwater, land, and greenhouse gas emissions compared to meat production. Flying SpArk plans to initially use the powder for animal feed, with FDA approval for human consumption expected in 2022. The company recently went public and raised $6 million on the Tel Aviv Stock Exchange. Flying SpArks main competitor in the insect protein market is Hargol, and there are numerous Israeli food-tech companies developing alternative proteins.","partners":["Strauss Group","Thai Union group"],"customers":null,"investors":["Strauss Group","Thai Union group"],"confidence":8,"key_topics":["insect protein","sustainability","food-tech","alternative proteins","manufacturing plant"],"date_of_event":"February 2021","valuation_amount":null,"impact_on_company":"growth-positive","investment_amount":"$6 million","structured_issues":["Investment","Public Trading"],"acquisition_amount":null,"structuredIssuesShow":"#Investment  #Public Trading","entityGrowthIconPath":"url(/assets/circle-green.svg);"},"sentiment":"growth-positive","analysisId":"9e0lJw5HIGChaXMQDunBYmbYerY91lGDjIvXGlarcvqjpeT6F8SCEO","news_summary":"Would you eat fruit flies? This company is betting on it","analysisStructuredIssuesDisplay":"block","analysisImpactOnCompanyDisplay":"block"},{"id":"c26f98ab-6230-45e8-97a8-3f5603f9a333","date":"Mar 7, 2021","link":"https://www.globes.co.il/news/article.aspx?_atscid=7_134353_204082920_1787699_0_Txtetaxjxdshwhus8sp&did=1001363166","source":"www.globes.co.il","visible":1,"analysis":{"tags":"Investment, Public Trading, Expand","company":"Flying Spark","layoffs":"N/A","summary":"Food tech company Flying Spark, which produces protein from insects, has raised around 25 million shekels (approximately $7.7 million) at a company valuation of 90 million shekels (approximately $27.8 million). The companys shares are expected to begin trading on the Tel Aviv Stock Exchange in the coming days. Flying Spark produces protein and oil from fruit fly larvae and aims to be the first public company in the world to produce and market insect-based protein products. The company plans to use the funds raised to establish its first production plant in Thailand, promote regulatory processes for protein approval as human food, and strengthen its research and development team in Israel.","partners":"N/A","customers":"N/A","investors":["Strauss Group","Thai Union"],"confidence":9,"key_topics":["Protein Production","Public Trading","Investment","Expansion","Alternative Protein Market"],"date_of_event":"N/A","valuation_amount":"90 million shekels","impact_on_company":"growth-positive","investment_amount":"25 million shekels","structured_issues":["Investment","Public Trading","Expand"],"acquisition_amount":"N/A","structuredIssuesShow":"#Investment  #Public Trading  #Expand","entityGrowthIconPath":"url(/assets/circle-green.svg);"},"sentiment":"growth-positive","analysisId":"B19PXaozvbHCw0Eipx6RrVhaFFajLKsQlFIc5SOtovuZcFsGU5CtIz","news_summary":"בקרוב נאכל חרקים? \"פליינג ספארק\" גייסה 25 מיליון שקל","analysisStructuredIssuesDisplay":"block","analysisImpactOnCompanyDisplay":"block"},{"id":"2948f671-ff14-4121-88fa-2cafdc79e79e","date":"Feb 15, 2021","link":"https://www.calcalistech.com/ctech/articles/0,7340,L-3893871,00.html","source":"www.calcalistech.com","visible":1,"analysis":{"tags":"protein powder, insect byproduct, IPO, production facility, R&D center","company":"FlyingSpArk","layoffs":null,"summary":"Israeli startup FlyingSpArk, which produces protein powder from fruit fly larvae, plans to go public on the Tel Aviv Stock Exchange. The company aims to raise NIS 20 million ($6.2 million) to establish its first production facility in Thailand and an R&D center in Israel. FlyingSpArk is valued at NIS 100-120 million ($30-$37 million). The IPO is underwritten by Israeli Investment bank Value Base. Strategic investors in the company include the Strauss Group, which owns 35% of its shares, and Thai Union, a large tuna and seafood producer. The companys solution addresses the growing need for protein sources due to overpopulation and food shortages, offering an environmentally-friendly and sustainable alternative to raising livestock. FlyingSpArk aims to tap into the $41 billion protein component market, with the alternative sourced protein market projected to reach $18 billion by 2025.","partners":"Strauss Group","customers":"Thai Union","investors":"Value Base","confidence":9,"key_topics":["protein powder","insect byproduct","IPO","production facility","R&D center"],"date_of_event":"15.02.21","valuation_amount":"NIS 100-120 million ($30-$37 million)","impact_on_company":"growth-positive","investment_amount":"NIS 20 million ($6.2 million)","structured_issues":["Investment","Public Trading","Expand"],"acquisition_amount":null,"structuredIssuesShow":"#Investment  #Public Trading  #Expand","entityGrowthIconPath":"url(/assets/circle-green.svg);"},"sentiment":"growth-positive","analysisId":"a4HaLKcSVlZCLFPeBPHlbhaP11i5VrQN1AiNU3BhvGSAEPNGnrous6","news_summary":"Insect protein company FlyingSpArk to go public at NIS 120 million valuation","analysisStructuredIssuesDisplay":"block","analysisImpactOnCompanyDisplay":"block"},{"id":"dd5724ad-54a6-45ba-8568-c55989f77759","date":"Oct 22, 2019","link":"https://www.prnewswire.com/news-releases/thai-union-group-invests-in-alternative-protein-startup-flying-spark-300942892.html","source":"www.prnewswire.com","visible":1,"analysis":{"tags":"alternative protein","company":"Flying Spark Ltd.","layoffs":null,"summary":"Flying Spark, a FoodTech startup, has formed a strategic partnership and received an investment from Thai Union Group, one of the worlds largest seafood producers. The collaboration aims to develop larval insect protein as an affordable and sustainable alternative protein source. Thai Unions investment will enable Flying Spark to expand its insect growing and processing capabilities in Thailand. The partnership aligns with Thai Unions venture fund, which focuses on investments in innovative food-tech companies. Flying Sparks technology allows for easy and low-cost cultivation and processing of larvae, with minimal waste. The company produces a 70% protein powder that is rich in nutrients and can be incorporated into various food and feed products. Thai Union is committed to sustainability and has been recognized for its efforts in the Dow Jones Sustainability Index.","partners":["Thai Union Group PCL"],"customers":null,"investors":"Thai Union Group PCL","confidence":9,"key_topics":["FoodTech","alternative protein","investment","partnership","sustainability"],"date_of_event":"October 22, 2019","valuation_amount":null,"impact_on_company":"growth-positive","investment_amount":null,"structured_issues":["Investment","Partners"],"acquisition_amount":null,"structuredIssuesShow":"#Investment  #Partners","entityGrowthIconPath":"url(/assets/circle-green.svg);"},"sentiment":"growth-positive","analysisId":"cMTpfIdkh0jumwHFvpUCHKRjyAu1Gva6wWctV6L2bPhcUmMaWOuojC","news_summary":"Thai Union Group Invests in Alternative Protein Startup, Flying Spark","analysisStructuredIssuesDisplay":"block","analysisImpactOnCompanyDisplay":"block"},{"id":"3516a66f-d8f7-4571-90c3-4a43f56796b9","date":"Sep 25, 2019","link":"https://www.foodnavigator.com/Article/2019/09/25/Flying-Spark-Mediterranean-fruit-fly-protein-attracts-Asian-investment","source":"www.foodnavigator.com","visible":1,"analysis":{"tags":"alternative protein","company":"Flying Spark","layoffs":null,"summary":"Israeli start-up Flying Spark has received investment from Thai Union, the worlds largest producer of shelf-stable tuna products. Flying Spark offers high protein ingredients made from Mediterranean fruit fly larvae for use in various food applications. The funding will help drive down costs, scale up production, and develop insect-based products for the market. Flying Sparks insect protein is cost-effective, nutritious, and environmentally friendly compared to traditional animal protein sources. The start-up has received interest from industry players such as Grupo Bimbo, Nestlé, and Ikea.","partners":["Grupo Bimbo","Nestlé","Ikea"],"customers":null,"investors":"Thai Union","confidence":8,"key_topics":["insect-based foods","sustainable protein","partnerships","investment","cost-effective"],"date_of_event":null,"valuation_amount":null,"impact_on_company":"growth-positive","investment_amount":null,"structured_issues":["Partners","Investment"],"acquisition_amount":null,"structuredIssuesShow":"#Partners  #Investment","entityGrowthIconPath":"url(/assets/circle-green.svg);"},"sentiment":"growth-positive","analysisId":"NHiKpx8o58UZDE0tqaVFcIulTGLZXJp89BXdpFAXRyG6uzzdELKR71","news_summary":"Flying Spark: Mediterranean fruit fly protein attracts Asian investment","analysisStructuredIssuesDisplay":"block","analysisImpactOnCompanyDisplay":"block"},{"id":"83c5aa5b-89d6-4132-b8b7-ab8388998bcb","date":"Oct 31, 2017","link":"https://www.jpost.com/HEALTH-SCIENCE/Israeli-start-up-introduces-hot-new-dish-fruit-fly-larvae-meatballs-510957","source":"www.jpost.com","visible":1,"analysis":{"tags":"alternative protein source","company":"FlyingSpArk","layoffs":null,"summary":"Israeli food tech start-up FlyingSpArk has developed insect powder and oil extract as an alternative protein source. The company uses fruit fly larvae, which have a short life span of six days and are easy to cultivate. The larvae are fed a variety of fruits and vegetables, which influences their nutritional values. The larvae are processed into powder and oil, with the powder sold at $15,000 USD per ton and the oil sold at $70-$80 USD per kilogram. FlyingSpArks products have received recognition from IKEA, which plans to add the protein boost powder to its food products. The global market for edible insects is expected to grow 40 percent by 2023. FlyingSpArk aims to grow larvae in any climate zone and produce protein powders locally to address the global food crisis.","partners":null,"customers":null,"investors":null,"confidence":8,"key_topics":["insect protein","fruit fly larvae","alternative protein source","market demand","nutritional values"],"date_of_event":null,"valuation_amount":null,"impact_on_company":"growth-positive","investment_amount":null,"structured_issues":["Customers"],"acquisition_amount":null,"structuredIssuesShow":"#Customers","entityGrowthIconPath":"url(/assets/circle-green.svg);"},"sentiment":"growth-positive","analysisId":"zaiyoNCsnxcQct93P2gqaGNwAkiJ2iP7JosgG1L3wSuhYeakiP2uc2","news_summary":"https://www.jpost.com/HEALTH-SCIENCE/Israeli-start-up-introduces-hot-new-dish-fruit-fly-larvae-meatballs-510957","analysisStructuredIssuesDisplay":"block","analysisImpactOnCompanyDisplay":"block"},{"id":"02b5d889-9151-4d20-a5d7-d4575c1c2873","date":"Sep 10, 2017","link":"https://www.israel21c.org/ikea-chooses-israeli-food-tech-firm-for-new-accelerator/","source":"www.israel21c.org","visible":1,"analysis":{"tags":"food-tech, alternative protein, startup accelerator","company":"Flying SpArk","layoffs":null,"summary":"Flying SpArk, an Israeli food-tech startup, has been accepted into the first class of the IKEA Bootcamp startup accelerator. The company is developing an alternative protein powder made from fruit flies. The accelerator program will provide mentorship and collaboration opportunities with IKEA, with the goal of eventually launching the product at IKEAs restaurants. Flying SpArk has raised $1 million in funding and has been building up its infrastructure and technologies. The company aims to address hunger and malnutrition through sustainable protein sources. Millennials are showing interest in adding insect flour to their food to contribute to a more sustainable world.","partners":"IKEA","customers":null,"investors":"Israel Innovation Authority, The Kitchen","confidence":9,"key_topics":["Flying SpArk","IKEA Bootcamp","alternative protein","sustainable protein","food-tech"],"date_of_event":"September 18","valuation_amount":null,"impact_on_company":"growth-positive","investment_amount":"$1 million","structured_issues":["Partners","Investment"],"acquisition_amount":null,"structuredIssuesShow":"#Partners  #Investment","entityGrowthIconPath":"url(/assets/circle-green.svg);"},"sentiment":"growth-positive","analysisId":"Xr1C7BpfDWAz4ynA1JtTmDOojRvVvLSPCafgBVrTeQdF1cywkPkZC1","news_summary":"IKEA chooses Israeli food-tech firm for new accelerator","analysisStructuredIssuesDisplay":"block","analysisImpactOnCompanyDisplay":"block"},{"id":"f43d0bab-664f-4df3-92f1-3025d5c4fb6b","date":"Aug 2, 2017","link":"http://www.wired.co.uk/article/lab-grown-plant-based-meat-substitutes-impossible-foods-beyond-meat","source":"www.wired.co.uk","visible":1,"analysis":{"tags":["plant-based meat","investment","food industry"],"company":"Impossible Foods","layoffs":null,"summary":"Impossible Foods, the biotech startup behind the plant-based Impossible Burger, has raised $75 million in funding, bringing its total investment to $257 million. The latest round includes funds from Bill Gates and Dustin Moskovitzs Open Philanthropy Project, as well as Khosla Ventures and Horizons Ventures. The company plans to open a new production facility in California to increase its capacity. Impossible Foods aims to create meatless burgers that taste and feel like real meat, using plant-based ingredients and lab-grown techniques. 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