Daily news and analysis about the food tech revolutionHungry Jack’s, the Australian franchise of Burger King, is stepping into the meaty plant-based burger game with a whopper investment of… a million bucks?That’s a noble mission, but I’m not sure how realistic it is with only $1 million behind it. “It’s imperative that we scale quickly because these global issues need immediate solutions.”Share your email to be notified about upcoming events, receive leading industry news and more.Receive weekly emails with ag investing and agtech news and insight. Ring the bells: It's a landmark day for Wall Street and Silicon Valley as the world's biggest social network becomes a public company. The round was led by Main Sequence Ventures, manager of CSIRO’s Innovation Fund, and Horizons Ventures, with participation from Fairfax Family investment fund Marinya Capital & Sequoia Capital China. For context, Impossible Foods has raised over $687 million and Beyond Foods had amassed $122 million before its IPO last month. Impossible Foods would join a string of plant-based meat companies in Australia including Fable and v2food. Through the partnership, Aussies get to order plant-based versions of their fave, traditionally meat-based meals from more than 70 restaurants including Royal Stacks, Hashtag Burgers, The Italian Bowl and Boss Burger. There will be nearly 10 billion people on Earth by 2050,” said Hazell. , v2food (the name alluding to a version 2 food system) is an innovative partnership between CSIRO’s Innovation Fund, managed by Sequence Ventures, a unit of the Australian government’s National Innovation and Science Agenda, and Competitive Foods Australia, the parent company of fast food brand, Hungry Jack’s.
The Bill Gates-backed plant-based meat startup Beyond Meat priced at the top end of its IPO range at $25 a share ahead of its debut on the Nasdaq on …
For context, Impossible Foods has raised overIt would have been easier for the company to just roll out a new Whopper made with “beef” from Beyond Meat or Impossible Foods, asConcerns aside, Hungry Jack’s is smart to cash in on the growing demand for plant-based burgers. v2food, an Australian plant-based meat startup, raised a $35m Series A funding. Click below to check out our subscription options. Other participants in the round included Sequoia Capital China, and Marinya Capital, the Fairfax family’s investment fund. Post was not sent - check your email addresses! Under the leadership of Nick Hazell, former research director of Masterfoods and PepsiCo, v2food is a sustainable, plant-based meat company with a mission to make delicious alternative meat accessible to all Australians by disrupting the country’s nascent plant-based category.“Making meat alternatives from plants is not a new idea but at v2food we’ve taken it a step further,” said Nick Hazell, founder and CEO, v2food.“We are on a journey to make plant-based food both taste better and be more sustainable. Australian alternative protein producer V2Food has secured a $35 million Series A round led by Hong Kong’s Horizons Ventures and Australia’s Main Sequence Ventures., Australasia, Consumer, Early-stage, Cleantech, Australia, Sequoia Capital
Put next to those figures, $1 million looks like a drop in the bucket. Click to email this to a friend (Opens in new window) The protein substitutes available to date simply don’t taste as good as meat and they are not affordable.”“We’ve drawn upon the best food, nutrition and sustainability science from CSIRO to develop a sustainable and nutritious product, with an unmatched texture and flavour.”Through a partnership with Rebel Whopper, the startup launched its first product onto the Australian market last month, a plant-based burger developed with CSIRO that looks like, tastes, like, and cooks like beef, and which will be offered as a plant-based alternative to Hungry Jack’s traditional Whopper.“There is a big shortfall between the amount of meat we produce today and the amount needed to feed the growing global population.
It kicks off on Monday 15 June. World Meat Free Week happens […] They just might need to invest a lot more cash in order to make it happen.Just enter your email and we’ll take care of the rest:
Other participants in the round included Sequoia Capital China, and Marinya Capital, the Fairfax family’s investment fund. According to anonymous sources, Beyond Meat has commissioned the banks J.P Morgan, Goldman Sachs and Credit Suisse to push ahead with the IPO.
“It’s obviously not great from the early early hours, but we are here for the long haul,” Openpay chief executive and managing director Michael Eidel said. Deliveroo has partnered with Australian plant-based meat company v2food for Meat Free Week.
The Melbourne company’s shares were trading at $1.36 at 1500 AEDT, down 15 per cent from the IPO price of $1.60, and had traded as low as 20 per cent down. Launched in Sydney in October of this year, v2food … Continue reading "Aussie …
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US plant-based meat company Impossible Food is looking to make a long-anticipated move into the local market, with the company posting an ad for a Australia and New Zealand Country Manager on LinkedIn. There’s probably some knowledge that v2food can glean from forerunners like Beyond and Impossible, but R&D for food products is extremely expensive. Sorry, your blog cannot share posts by email.
closed on an impressive A$35 million (US$24 million) in Series A funding led by Main Sequence Ventures and Horizon Ventures. By Lynda Kiernan Australian vegan meat brand v2food has closed on an impressive A$35 million (US$24 million) in Series A funding led by Main Sequence Ventures and Horizon Ventures.
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