Ever After Foods Overview
Ever After Foods, formerly known as Plurinuva, has developed a proprietary technology platform to produce cultivated meat with cost-efficient scalability. The company was spun out of biotechnology pioneer Pluri Inc.and is backed by the Tnuva Group.
Cumulative Funding Raised Over Time ($)
$10.0MJun 2024
$17.5MMar 2022
Latest News
growth-positive
Ever After Foods Nabs $10M to Make Cultivated Meat 90% Cheaper
Israeli biotech firm Ever After Foods has raised $10M in funding to accelerate the growth of its bioreactor platform, which enables cultivated meat producers to scale up manufacturing while reducing costs. The funding round included a second investment from Israeli cellular agriculture company Pluri and the Tnuva Group, which formed Ever After Foods as a joint venture in 2022. The companys technology allows for a 90% reduction in costs for its B2B clients and yields up to six times more protein and 700 times more lipids from each cell. The funding will also help the company expand into international markets.
InvestmentExpand
growth-positive
חברת בת של פלורי גייסה 10 מיליון דולר לייצור מזון מתורבת
Ever After Foods, a subsidiary of Pluristem Therapeutics, has successfully raised $10 million in funding from strategic partners in the US and Europe. The company offers a technological platform for the production of cultured food, a joint venture of Pluristem and Tnuva. The company has exclusive rights to use Pluristems technology and intellectual property for the development, production, and trading of cultured meat. According to the company, Ever After Foods platform can reduce production costs by more than 90%. In addition to the new investment, Pluristem has expanded the license granted to Ever After Foods to include cultured fish.
Investment
growth-positive
Cultivated meat players race to commercialization by overcoming critical cost and scaling challenges
Ever After Foods has launched a scalable platform for the cost-effective production of cultivated meat products. They aim to overcome the challenge of scalability in the industry and reduce costs for consumers. The company is backed by the Tnuva Group. Aleph Farms is increasing production capacities by acquiring VBL Therapeutics Facility and partnering with ESCO Aster. They are working towards the commercial launch of their first product, a fine-cut farmed filet. Mosa Meat and Nutreco are collaborating to optimize cell feed and bring down costs. They have successfully formulated a cell feed with food-grade ingredients instead of pharma-grade ones. Triplebar and Umami Meats are collaborating to optimize cell lines for sustainable seafood production. Their first project is to produce cell-based Japanese eel.
PartnersExpand
growth-positive
Tnuva building industrial cultured meat manufacturing facility | CTech
Israeli company Plurinuva, now rebranded as Ever After Foods, has developed a facility for the production of cultured meat that can increase productivity by about 700% compared to existing platforms. The company plans to launch its first product this year and is seeking regulatory approvals. The technology allows for the growth of cells in smaller containers, reducing costs and increasing raw material production. Tnuva, a food giant, has invested $7.3 million in the joint venture with Pluristem. The partnership aims to develop cultured meat products using Pluristems cell development technologies. The companys CEO, Eyal Rosenthal, believes their method overcomes the challenges faced by the industry and can reach price parity.
InvestmentPartnersCustomers
growth-positive
Ever After Foods addresses 'critical scaling challenge' in cultivated meat
Israeli startup Ever After Foods has developed patented technology that can transform the economics of cultivated meat by reducing capital expenditure and increasing productivity. The company uses a two-stage approach in smaller packed bed vessels, which allows for lower production costs and a 700% increase in productivity compared to other cultivated meat technology platforms. Ever After Foods plans to launch its own cultivated meat products in the US market in late 2024 and aims to license its bioreactor technology to the wider industry. The company is backed by Israeli food co Tnuva Group, which invested $7.5 million based on a $40 million pre-money valuation.
InvestmentPartners
| Sector | Agriculture & Food Technologies |
Funding
| Total funding | $17.5M |
| Last funding | $10M |
| Stage | A |
| Rounds | 2 |
| Investors | 2 |
Team Members
4
Employees: 11-50
Web & Social Links
| Website | everafterfoods.com/ |
Locations
Matam, Haifa, Israel
Photos & Videos
No files yet
Ever After Foods Business
Business models
B2B
Product stage
R&D
Employees
11-50
Sector
Agriculture & Food TechnologiesFood TechNovel Food & IngredientsClimate TechFood & Land UseSustainable ProteinsTarget Customer
Agriculture & FoodLivestockBeefPoultryFood Retail & ConsumptionHomeRestaurantsCore Technology
BiologicalsCellsMicroorganismsMachinery & RoboticsProcessing MachineryTags (6)
alternative-proteinlivestockcellsfoodtechclimate-techpoultryEver After Foods Financials
$17.5M
Total funding
Undisclosed
Capital raised
$10M
Last funding
A
Funding stage
2
Total rounds
2
Investors
Cumulative Funding Raised Over Time ($)
$10.0MJun 2024
$17.5MMar 2022
Private Equity Funding
A Round
Jun 2024
$10M
Undisclosed Round
Mar 2022
$7.5M
Tnuva Ventures, Pluri
Ever After Foods Lifecycle
Cumulative Funding Raised Over Time
$10.0MJun 2024
$17.5MMar 2022
All Events
A Round
Jun 2024
$10M
Undisclosed Round
Mar 2022
$7.5M
Tnuva Ventures, Pluri
Ever After Foods News
5 articles
growth-positive
Ever After Foods Nabs $10M to Make Cultivated Meat 90% Cheaper
Israeli biotech firm Ever After Foods has raised $10M in funding to accelerate the growth of its bioreactor platform, which enables cultivated meat producers to scale up manufacturing while reducing costs. The funding round included a second investment from Israeli cellular agriculture company Pluri and the Tnuva Group, which formed Ever After Foods as a joint venture in 2022. The companys technology allows for a 90% reduction in costs for its B2B clients and yields up to six times more protein and 700 times more lipids from each cell. The funding will also help the company expand into international markets.
InvestmentExpand
growth-positive
חברת בת של פלורי גייסה 10 מיליון דולר לייצור מזון מתורבת
Ever After Foods, a subsidiary of Pluristem Therapeutics, has successfully raised $10 million in funding from strategic partners in the US and Europe. The company offers a technological platform for the production of cultured food, a joint venture of Pluristem and Tnuva. The company has exclusive rights to use Pluristems technology and intellectual property for the development, production, and trading of cultured meat. According to the company, Ever After Foods platform can reduce production costs by more than 90%. In addition to the new investment, Pluristem has expanded the license granted to Ever After Foods to include cultured fish.
Investment
growth-positive
Cultivated meat players race to commercialization by overcoming critical cost and scaling challenges
Ever After Foods has launched a scalable platform for the cost-effective production of cultivated meat products. They aim to overcome the challenge of scalability in the industry and reduce costs for consumers. The company is backed by the Tnuva Group. Aleph Farms is increasing production capacities by acquiring VBL Therapeutics Facility and partnering with ESCO Aster. They are working towards the commercial launch of their first product, a fine-cut farmed filet. Mosa Meat and Nutreco are collaborating to optimize cell feed and bring down costs. They have successfully formulated a cell feed with food-grade ingredients instead of pharma-grade ones. Triplebar and Umami Meats are collaborating to optimize cell lines for sustainable seafood production. Their first project is to produce cell-based Japanese eel.
PartnersExpand
growth-positive
Tnuva building industrial cultured meat manufacturing facility | CTech
Israeli company Plurinuva, now rebranded as Ever After Foods, has developed a facility for the production of cultured meat that can increase productivity by about 700% compared to existing platforms. The company plans to launch its first product this year and is seeking regulatory approvals. The technology allows for the growth of cells in smaller containers, reducing costs and increasing raw material production. Tnuva, a food giant, has invested $7.3 million in the joint venture with Pluristem. The partnership aims to develop cultured meat products using Pluristems cell development technologies. The companys CEO, Eyal Rosenthal, believes their method overcomes the challenges faced by the industry and can reach price parity.
InvestmentPartnersCustomers
growth-positive
Ever After Foods addresses 'critical scaling challenge' in cultivated meat
Israeli startup Ever After Foods has developed patented technology that can transform the economics of cultivated meat by reducing capital expenditure and increasing productivity. The company uses a two-stage approach in smaller packed bed vessels, which allows for lower production costs and a 700% increase in productivity compared to other cultivated meat technology platforms. Ever After Foods plans to launch its own cultivated meat products in the US market in late 2024 and aims to license its bioreactor technology to the wider industry. The company is backed by Israeli food co Tnuva Group, which invested $7.5 million based on a $40 million pre-money valuation.
InvestmentPartners
Ever After Foods Team
Employee Info
| Employees (range) | 11-50 |
| Exact count | 19 |
| Team members | 4 |
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Ever After Foods Internal
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Admin Info
| Confidence | 80/100 |
| Missing | description, video or image, markets, not claimed |
| BI Verification | Ortal Wein |
| Registrar ID | 516502556 |
| Crunchbase | ever-after-foods |
| Phone | +972-747107108 |
| Creator | Ortal Wein |
| Creator email | ortalw@sncentral.org |
| Last updater | Ortal Wein |
| Updater email | ortalw@sncentral.org |
| Last update | 2023-03-06T00:00:00.000Z |
| Created | 2023-03-06T00:00:00.000Z |
| Claimed | Yes |