Believer Meats News
14 articlesBeliever Meats Expands Leadership Team as it Prepares for Next Phase of Commercialization
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OSI, Cargill veteran to lead Future Meat Technologies
Nicole Johnson-Hoffman has been appointed as the CEO of Future Meat Technologies, an Israeli company specializing in cultivated meat production. The appointment is expected to have a positive impact on the companys growth. Future Meat Technologies recently raised $347 million in Series B financing, co-led by ADM Ventures. The company has opened a cultivated meat production line in Israel and is currently exploring potential locations in the United States for a large-scale production facility. Nicole Johnson-Hoffman brings over 25 years of experience in the agriculture, food manufacturing, foodservice, and meat production industries to her new role.
Management ChangesInvestment
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Israeli cultivated meat co Future Meat raises $347m
Future Meat Technologies, an Israeli company specializing in cultured meat, has completed a $347 million Series B financing round, the largest ever invested in a cultivated meat company. The funds will be used to build a production plant in the US. The company aims to start marketing its cell-grown meat products in 2022, pending regulatory approval. The financing round was led by ADM Ventures, with participation from Menorah-Mivtachim, Tyson Foods, Bits X Bites, SG2 Ventures, and others. Future Meat Technologies has also announced a significant reduction in the prices of its products to make them more affordable for consumers. The companys proprietary technology allows animal cells to grow without genetic modifications, resulting in higher yields and lower production costs.
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Cultured meat startup Future Meat raising $320 million round at $600 million valuation
Israeli cultured meat company Future Meat is raising $320 million at a $600 million valuation. The funds will be used to build a manufacturing plant in the U.S. and bring its products to shelves in 2022. Future Meats technology is based on the rapid natural proliferation of connective tissue cells, eliminating the need for expensive stem cells. The company aims to offer its products at lower prices compared to current meat substitutes. The upcoming funding round includes investors such as Tyson Foods, ADM, Müller Group, and Richs Products Corporation. Future Meat plans to reach shelves in the United States in 2022 and is preparing for a $2 billion funding round in 2022.
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Nestlé works with Future Meat Technologies to explore cell-based meat's potential
Nestlé is partnering with Future Meat Technologies, an Israeli cell-based meat company, to explore the potential of cultured meat. This partnership marks the first collaboration between a major traditional food manufacturer and a cell-based company. Nestlé is evaluating technologies to produce alternative meat products that combine plant-based ingredients and cell-based meat. The goal is to create animal-friendly alternatives that are nutritious, sustainable, and similar to traditional meat in taste, flavor, and texture. Future Meat Technologies, which recently opened its first plant, has made significant progress in price parity and process. The companys investors include Tyson Foods, Archer Daniels Midland, Rich Products Corp., Müller Group, and Monde Nissin CEO Henry Soesanto. The partnership between Nestlé and Future Meat Technologies has the potential to transform the market for cell-based meat.
Partners
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Future Meat Technologies Launches World's First Industrial Cultured Meat Production Facility
Future Meat Technologies has opened the worlds first industrial cultured meat facility in Rehovot, Israel. The facility has the capacity to produce 500 kilograms of cultured products per day, including chicken, pork, and lamb. The companys unique platform enables fast production cycles, about 20 times faster than traditional animal agriculture. The facility supports Future Meat Technologies goal of making cultured meat affordable and sustainable, with 80% less greenhouse emissions and 99% less land and freshwater usage compared to traditional meat production. The company aims to bring its products to shelves by 2022 and is in the process of approving its production facility with regulatory agencies in multiple territories. Future Meat Technologies is looking to expand in the United States.
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Future Meat Technologies Reduces Cost of Cultured Chicken Breast Below $10
Future Meat Technologies, an Israel-based company, has reduced the production cost of a cultured chicken breast to $7.50, beating market expectations. The company has also raised $26.75 million in funding from strategic partners to scale up production and accelerate research and development. Future Meat Technologies plans to market its products to consumers and restaurants within 18 months. The company is backed by leading forces in the food and agriculture industries, as well as venture capital investors. Their proprietary technology allows for cost-efficient, non-GMO meat production directly from animal cells. Future Meat Technologies expects to start production in the first half of 2021 and is seeking regulatory approval in several territories. They are also developing cultured lamb kebabs and beef burgers.
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Future Meat wins Calcalist's FoodTech innovation startup contest
Future Meat Technologies Ltd. was crowned the winner of Calcalists startup contest in partnership with Tnuva. The company develops technology for GMO-free production of meat directly from animal cells. The competition focused on various sectors including food technology, agriculture technology, health, supply chain optimization, consumer experience, direct sales, and marketing innovation. The top three winners of the contest were Future Meat Technologies, Amai Proteins Ltd., and NextFerm. Future Meat Technologies CEO Yaakov Nahmias highlighted the growth of alternative protein consumption due to environmental concerns and limited resources for traditional meat production.
CustomersPartners
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The race to serve cell-cultured meat is heating up
Israeli startup Future Meat Technologies plans to build the worlds first pilot production facility for growing cell-cultured meat. The facility will make Israel a front-runner in the race to produce and serve cell-cultured meat. The company aims to be a business-to-business operation, providing animal cell lines, nutrient-dense liquid mediums, and cell-culturing equipment to existing meat companies. Future Meat Technologies raised $14 million in its latest funding round, with S2G Ventures leading the round. The companys first product, a hybrid of cell-cultured meat and plant-based ingredients, is expected to be cost-competitive and ready for the market by 2021. The company hopes to set the price of its 100% cell-cultured meat product at less than $10 per pound. The Israeli governments approval for the product is still uncertain.
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The Future of Cultured Meat Production with Yaakov Nahmias - ARK Podcast
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Lab Meat Startup Future Meat Raises $14 Million
Jerusalem-based lab-produced meat startup, Future Meat Technologies Ltd., has raised a $14 million series A funding round. The funding will be used to expand research and development efforts and build a cultured meat pilot production facility in Tel Aviv. The company develops technology for the GMO-free production of meat directly from animal cells.
Investment
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This Animal-Free Egg Company Just Secured Global Distribution
Clara Foods, a Bay Area startup, has received a second round of funding led by Ingredion, a global ingredients supplier. The funding amount was undisclosed. Clara Foods has also announced a global partnership with Ingredion to develop, market, and distribute animal-free proteins. The company aims to create egg white without the use of chickens or eggs, using yeast fermentation. The funding will accelerate Claras first product launch, which is the worlds first animal-free egg white, set to be released in 2020. The article discusses the growing demand for animal-free food technology and the potential of the global food tech industry, which is expected to exceed $250 billion by 2022.
InvestmentPartners
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From lab-grown meat to fermented fungus, here's what corporate food VCs are serving up
The article discusses the trends in corporate food-tech investment and the startups backed by big food conglomerates. The key theme of the article is the shift towards consumer-friendliness in the food industry. The structured issues discussed in the article are Customers and Partners. The article mentions the trends of alternative protein and fermentation in the food industry. It also highlights the funding received by startups working on lab-grown meat, edible protein from extremophile organisms, and fermentation technologies. The article emphasizes the importance of healthier, tastier, and environmentally friendly food products. The date of the event described in the article is not mentioned. The confidence level of the answer is 8.
CustomersPartners
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Tyson Ventures Announces Investment in Future Meat Technologies
Future Meat Technologies, a Jerusalem-based biotechnology company, has announced a $2.2 million seed investment round co-led by Tyson Ventures. The company is focused on developing a distributive manufacturing platform for the cost-efficient production of meat directly from animal cells. The investment will be used to establish engineering activities and increase biological research. Future Meat Technologies aims to reduce the production price of cultured meat from $10,000 per kilogram to $5-10 per kilogram by 2020. The companys technology is based on research from The Hebrew University of Jerusalem and is licensed through Yissum. The investment round also included participation from the Neto Group, S2G Ventures, BitsXBites, Agrinnovation, and HB Ventures.
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