Day 8 News
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growth-positive
Day 8 turns agricultural waste into protein
Israeli company Day 8 has developed a process to extract alternative proteins from banana leaves, a byproduct of banana farming. The company, which is part of Strauss Groups The Kitchen food-tech incubator, has received a pre-seed investment of NIS 2.5 million and is set to embark on a pilot project. The alternative protein market is worth an estimated $18 billion annually and Day 8s product could revolutionize the food market by replacing dairy and egg products. The company has more than 20 potential customers, food producers who are waiting for the product. The goal is to launch a product on the market in two years.
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Day 8 taps into "the holy grail of proteins" to enhance agriculture efficiency | CTech
Day 8, a company that produces taste-neutral plant-based proteins, has raised $750,000 in pre-seed funding from The Kitchen Hub by Strauss-Group. The companys technology enables the upcycling of discarded leaves to extract a highly functional and taste-neutral protein. The alternative protein market is currently valued at $18 billion and is projected to reach $40 billion in the next five years. Day 8s product is based on the Rubisco protein, which is considered the holy grail of plant-based proteins. The company was founded in 2023 and plans to bring its recycled proteins and fibres to the market in 2025.
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