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Blue diamond (purple) | Jan25
Innovation awards
Funding & investments
Formo receives €35m in funding from EIB to expand animal-free cheese production
Formo receives €35m in funding from EIB to expand animal-free cheese production

German food-tech start-up Formo has received a €35m loan from the European Investment Bank (EIB).

Funding & investments
The year in headlines: 2024's top plant-based industry news stories
The year in headlines: 2024's top plant-based industry news stories

As we look back over the year, we share the top ten industry news stories that captured our readers' attention most in 2024.

Food
Planted secures new media-for-equity partnership with SevenVentures
Planted secures new media-for-equity partnership with SevenVentures

Swiss food-tech company Planted has received a media-for-equity investment from SevenVentures.

Funding & investments
Yeastup secures $9.9m in Series A funding for new production site
Yeastup secures $9.9m in Series A funding for new production site

Yeastup has raised CHF 8.9m (approx. $9.9m) in funding to support a new large-scale production site.

Funding & investments
Planet A Foods raises $30m in Series B funding to accelerate international expansion
Planet A Foods raises $30m in Series B funding to accelerate international expansion

Planet A Foods has closed a $30 million Series B funding round to support its international expansion and scaling of production capacities.

Funding & investments
Gavan Technologies raises $8m to commercialise plant-based fat solution
Gavan Technologies raises $8m to commercialise plant-based fat solution

Gavan Technologies has raised $8m in Series A funding to support commercialisation of its plant-based fat solution, Fatrix.

Funding & investments
The Every Company awarded $2m from US Department of Defense to support US biomanufacturing capabilities
The Every Company awarded $2m from US Department of Defense to support US biomanufacturing capabilities

The Every Company has been awarded $2m from the US Department of Defense to explore US-based manufacturing.

Funding & investments
Cradle raises $73m in Series B funding round for AI-powered protein engineering technology
Cradle raises $73m in Series B funding round for AI-powered protein engineering technology

Cradle has raised $73m in Series B funding to address rising demand for its AI-powered protein engineering technology.

Funding & investments
Sway and Umaro secure $1.5m Department of Energy grant to support seaweed innovation
Sway and Umaro secure $1.5m Department of Energy grant to support seaweed innovation

Sway and Umaro have been awarded a $1.5m US Department of Energy grant to accelerate innovation in sustainable seaweed-based bioplastics.

Funding & investments
Gulfood
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