Creadev is an evergreen investment company believe that shareholders' timing should match with the entrepreneur's vision, up to an unlimited amount of time. Creadev invest in and support companies able to scale-up and become worldwide best players in their sector.

Creadev

Desert Bloom is an investment banking that specializes in matchmaking between Israeli startups. It focuses on clean-tech, agri-tech, and investments. The company was founded in 2016.

Desert Bloom

Since our founding in 2002, InvestEco has invested in over fifteen private companies. These range from companies that are developing renewable energy, water technologies, resource productivity technologies and efficient transportation solutions, to companies that promote health and sustainability in the food and agriculture sector.  Over time we have increasingly focused on sustainable food and agriculture, both because we believe activities in this sector will be particularly important to environmental and health outcomes, and because we have developed significant expertise in this area. Today, food and agriculture is our principle focus, and we’ve invested in many leading food and agriculture brands across North America.

Investeco Capital

Grosvenor Food & AgTech is an active investor in companies that are reshaping food and agriculture around the world for the better. It identifies entrepreneurs and businesses rethinking how food is produced, distributed, and consumed, supporting their growth as lead investors and highly engaged board members. Grosvenor Food & AgTech actively manages a portfolio of over 25 companies, helping them lead positive change in a way that enhances human health and the natural environment, enabling the economic sustainability of farming and food production.

Grosvenor Food & AgTech

We invest in well-defined hi-growth ventures with potential to lead their respective markets. Core members of our group have led dozens of investment and company-building efforts targeting global markets - and includes experts in marketplaces, media, components, IP development & licensing, data analytics, mobile apps & games, mobile platforms, digital health, medical devices, amongst other fields. We are present in major innovation hubs such as Tel Aviv, London, Boston and NYC-Philly. We invest via sole purpose vehicles (SPVs), forming one for every investment we make with involvement of relevant experts in each of our efforts. Our initial investment steps are typically in Seed or Series A stages. First and foremost we look to work and form strong productive alliances with outstanding entrepreneurs.

BAMCAP

Semillero Partners is an early and emerging growth stage venture capital fund focused on food, beverage, and food tech. We build genuine and trusted partnerships with entrepreneurs in overlooked and underserved markets around the world to increase the sustainable value for all stakeholders.

Semillero Partners

jack & annie's

Jack and Annie's is a vegan frozen food company that produces plant-based meat. It creates crave-able and satisfying foods with jackfruit as the primary ingredient. They offer a variety of food including nuggets, tenders, and more.

<div>Jack &amp; Annie&rsquo;s is a plant-based meat startup that derived its name from its primary ingredient, jackfruit, and Annie Ryu, its founder. According to the company, the use of jackfruit allows its products to be naturally nutrient-dense, high in protein and fiber, and low in calories. The company portfolio includes protein products like nuggets, buffalo wings, meatballs, breakfast sausage patties, and links as well as smoky sausage, Italian sausage, and smoky pulled pork. In<a href="https://sp-edge.com/updates/13144">September 2022</a>, three new products were added to the portfolio&mdash;Crispy Jack Patties, Buffalo Jack Patties, and Crispy gluten-free Jack Tenders. Jack &amp; Annie&rsquo;s products can be found at 3,400+ stores nationwide including Wholefoods, Target, Giant, Meijer, Sprouts, Hannaford, and Wegmans stores, and special-ordered for food service as well.</div>

A new wave of meat, fish, and poultry alternatives are driving this hyper-growth industry into the mainstream.

Plant-based Meat

Jack & Annie's

jack & annie's on LinkedIn: Thank you, Alt-Meat, for featuring us in your June cover story! Our…

<div>
 
 Jack &amp; Annie&rsquo;s is a plant-based meat startup that derived its name from its primary ingredient, jackfruit, and Annie Ryu, its founder. According to the company, the use of jackfruit allows its products to be naturally nutrient-dense, high in protein and fiber, and low in calories. The company portfolio includes protein products like nuggets, buffalo wings, meatballs, breakfast sausage patties, and links as well as smoky sausage, Italian sausage, and smoky pulled pork. In 
 <a href="https://sp-edge.com/updates/13144">
 September 2022
 </a>
 , three new products were added to the portfolio&mdash;Crispy Jack Patties, Buffalo Jack Patties, and Crispy gluten-free Jack Tenders. Jack &amp; Annie&rsquo;s products can be found at 3,400+ stores nationwide including Wholefoods, Target, Giant, Meijer, Sprouts, Hannaford, and Wegmans stores, and special-ordered for food service as well.
 
 
 Key customers and partnerships
 
 
 In 
 <a href="https://sp-edge.com/updates/26634">
 February 2024
 </a>
 , the company partnered with US fast-casual chain Smashburger to introduce a jackfruit-based burger at Smashburger locations nationwide.
 
 
 Funding and financials
 
 
 In December 2021, the company raised USD 23 million in a Series B funding round co-led by Creadev and Desert Bloom with participation from Wheatsheaf and other investors. The funds were intended for fostering new partnerships, developing innovations, and expanding its retail and distribution footprint.
 
 
 
</div>

LIVEKINDLY Collective (formerly known as Food United) produces plant-based meat alternatives through its brands LikeMeat, Fry Family, and Oumph!. The group offers a wide range of plant-based alternatives to burgers, sausages, nuggets, pulled BBQ chicken, and kebabs, made primarily of soy protein and other plant-based ingredients. In <a href="https://sp-edge.com/updates/3657">June 2021</a>, the company launched two flagship plant-based brands in China – Giggling Pig (Ge Ji Zhu) and Happy Chicken (Ha Pi Ji); the first brands to be created in-house by LIVEKINDLY Collective, which encompasses seven plant-based products including dumplings, mushroom-based dishes and a seasoned minced dish. In <a href="https://sp-edge.com/updates/19881">July 2023</a>, the company launched the Oumph! Smash Burger. The product was targeted at food service and launched at over 80 Brodernas (a Swedish restaurant group) locations, with additional locations and retail expansion to follow. In <a href="https://sp-edge.com/updates/33291">September 2024</a>, Fry's Family Foods launched Shape &amp; Sizzle Mince, a new plant-based product, at Tesco stores across the UK.In June 2021, LIVEKINDLY Collective entered into an agreement to acquire The Dutch Weed Burger, a plant-based meat company based in the Netherlands. This acquisition was expected to expand LIVEKINDLY’s brand portfolio and extend the company’s international footprint into more than 40 countries including the US, Canada, Asia, Europe, and the UK.In <a href="https://sp-edge.com/updates/20574">August 2023</a>, the company acquired Alpha Foods, a California-based plant-based frozen food producer. The acquisition supported Livekindly Collective’s plans to expand its presence in the US market and venture into the ready-to-eat breakfast and burrito snacking category. Moreover, it was expected to strengthen Livekindly’s position in the global plant-based market and enable further growth and innovation within the industry.Key customers and partnershipsIn February 2021, the group formed a partnership with the Dutch plant-based food company Rival Foods to develop whole-cut plant-based chicken products. Also in February, LIVEKINDLY Collective formed two joint ventures with US plant-based food company Puris Foods (undisclosed terms) to invest in regenerative agriculture and cost-effective plant-based food production. The companies claim this joint venture’s sustainability approach will result in a long-term achievement of cost parity with conventional animal meat.

LIVEKINDLY

NotCo is a Chilean startup that develops plant-based meat and dairy alternatives. Leveraging a patented AI algorithm named Giuseppe, NotCo develops plant-based products that match the taste, texture, and mouthfeel of animal products by studying infinite combinations of plants and using internal feedback from trained chefs.NotCo’s product portfolio includes NotChicken (patties, nuggets, and tenders) and NotBurger, which are available for retail and foodservice in the US, Canada, Brazil, Argentina, Chile, Mexico, Peru, <a href="https://sp-edge.com/updates/10672">Australia</a>, and Colombia.In <a href="https://sp-edge.com/updates/28580">April 2024</a>, NotCo developed a plant-based turtle soup called "NotTurtle Soup" in partnership with Chef Diego Oka. NotTurtle Soup claims to mimic the flavor and texture of authentic turtle soup to reduce the consumption of endangered green sea turtles.Key customers and partnershipsIn February 2022, NotCo<a href="https://sp-edge.com/updates/8673"> teamed up </a>with Kraft-Heinz to form a joint venture (JV) to leverage the strengths of both companies and develop a line of plant-based food. In <a href="https://sp-edge.com/updates/27345">March 2024</a>, the JV announced plans to launch NotHotDog and NotSausages in partnership with Oscar Mayer, a subsidiary of Kraft Heinz.In <a href="https://sp-edge.com/updates/23368">November 2023</a>, the company partnered with Yellowbird Sauce, a hot sauce producer, to launch NotChicken Spicy Patties at select Whole Foods Market locations across the US.Funding and financialsIn its most recent funding round in <a href="https://sp-edge.com/updates/15270">December 2022</a>, the company raised USD 70 million in a Series D1 funding at a valuation of USD 1.5 billion led by Princeville Capital, with participation from existing and new investors. The funding was earmarked for developing a B2B platform that will allow other producers to access the company’s patented AI platform Giuseppe. Further, it is expected to help with expansion and preparation before the company’s planned IPO in 2025.

NotCo

<div>
 
 Improved Nature produces plant-based chicken alternatives from soy protein, replicating the flavor and texture of real chicken. The company sells its plant-based meat products under Nature's PRIME and Nature&rsquo;s Meat brands, which cover a large line of refrigerated and frozen products like slices, nuggets, filets, tenders, and more.
 
 
 Improved Nature's reliance on soy protein makes it more similar to the original wave of plant-based meat producers which relied almost exclusively on soy to produce products for vegetarians, with less interest in mimicking the texture, taste, and mouthfeel of real meat products.
 
 
 Key customers and partnerships
 
 
 I
 n 
 <a href="https://sp-edge.com/updates/23085">
 October 2023
 </a>
 , the company partnered with RMS Foods, a US food manufacturer, to provide soy protein-based clean-label alternatives to private-label brands at a value price. In addition, the company launched a new line of heat-and-serve meals, including options such as plant-based sausage patties, nuggets, and beefless Korean bulgogi.&nbsp;
 
 
 
</div>

Improved Nature

Impossible Foods produces plant-based meat products using plant protein and high-moisture extrusion cooking techniques to transform soy protein into a texture similar to that of meat. Its portfolio includes plant-based beef, sausage, chicken, pork, meatballs, and ready meals.The company has added several products to its portfolio since launching, including <a href="https://sp-edge.com/updates/12539">Impossible Chicken Patty</a>, a new range of <a href="https://sp-edge.com/updates/12760">frozen meals</a>, new <a href="https://sp-edge.com/updates/16551">plant-based chicken products</a> (Impossible Spicy Chicken Nuggets, Impossible Spicy Chicken Patties, and Impossible Chicken Tenders), the <a href="https://sp-edge.com/updates/19591">Impossible Indulgent Burger</a>, and the <a href="https://sp-edge.com/updates/24643">Impossible Beef Hot Dog</a>.In July 2019, Impossible Foods gained FDA approval to use “Heme”, allowing the company to sell uncooked plant-based burgers at retail outlets as opposed to only selling cooked burgers at foodservice outlets. Further, in <a href="https://sp-edge.com/updates/32229">July 2024</a>, the European Food Safety Authority (EFSA) provisionally approved the use of heme, pending clearance from a panel on the genetic modifications of the ingredient. The deadline for this assessment was set for June 2025.In <a href="https://sp-edge.com/updates/32555">August 2024</a>, the company opened its first in-person foodservice concept called "Impossible Quality Meats" in Chicago, Illinois. This pop-up store offered a fully plant-based menu featuring items from its portfolio.Key customers and partnershipsIn <a href="https://sp-edge.com/updates/8934">March 2022</a>, Kroger announced a co-branding partnership with Impossible Foods to develop meat alternatives for Kroger’s private label business, thereby expanding its customer base to include more price sensitive customers. Impossible Foods <a href="https://sp-edge.com/updates/13931">partnered</a> with Dominos Pizza Australia in October 2022 to launch a new range of plant-based pizzas featuring Impossible Beef. In <a href="https://sp-edge.com/updates/22210">September 2023</a>, the company partnered with the American restaurant chain International House of Pancakes (IHOP) to introduce plant-based sausage patties and burgers to IHOP's menus nationwide. Further, in <a href="https://sp-edge.com/updates/26436">February 2024</a>, Impossible Foods inked a partnership with the US Army Central to serve plant-based meats at their dining facilities overseas.Funding and financialsIn its latest funding round in November 2021, the startup raised USD 500 million in a venture funding round led by Mirae Asset Global Investments, with participation from returning investors. The latest funding is expected to fuel continued retail expansion, growth across its supply chain, product portfolio, technology platforms, and international expansion.

Impossible Foods

Planted Foods is a plant-based spinoff of ETH Zurich- a public research university in Switzerland. Its portfolio includes Planted brand chicken, pulled, kebab, bratwurst, schnitzel, <a href="https://sp-edge.com/updates/22375">duck</a>, and <a href="https://sp-edge.com/updates/25317">ham</a>.In <a href="https://sp-edge.com/updates/27493">March 2024</a>, the company launched a new fermented steak alternative developed using its proprietary whole-muscle platform. This platform uses a proprietary fermentation process to develop clean-label alternatives with improved taste and texture. Planted Foods intends to use this platform to expand its product range with more product concepts later. Further, in <a href="https://sp-edge.com/updates/28147">April 2024</a>, Planted launched vegan Chicken Tikka Skewers in the UK.As of <a href="https://sp-edge.com/updates/30584">June 2024</a>, Planted products were available at over 6,100 restaurants and 8,700 retail outlets across Switzerland, Germany, Austria, France, Italy, the UK, Benelux, and UAE with plans to expand into the US later.Key customers and partnershipsIn <a href="https://sp-edge.com/updates/19434">June 2023</a>, the company partnered with French agrifood company Fleury Michon to launch the Eminces Vegetaux range into retail in France. The partnership leveraged Planted's expertise in plant-based foods and Fleury Michon's artisanal marinades, reach, and reputation to offer plant-based alternatives for Fleury Michon’s established consumer base.Funding and financialsIn its latest funding round in <a href="https://sp-edge.com/updates">September 2022</a>, the company raised ~USD 72 million (CHF 70 million) in Series B funding led by L Catterton, with participation from Vorwerk Ventures, Movendo, and Yann Summer. The funds were earmarked for launching a new whole-cut product range, further expansion into Europe, and increasing production capacity.

Planted Foods

Suppliers of plant ingredients such as legume, mycelia, and other proteins for the production of plant-based meat, fish, poultry, and pork products; and suppliers of technology related to the production of plant-based meat.

Producers of plant-based pork alternatives using plant proteins such as pea, soy, wheat, etc. Some startups also use unique ingredients such as mushroom mycelium (whole-cut bacon) and jack fruits (pulled pork) to produce pork alternatives. Products are manufactured mostly in sausage or pulled (pork) form.

Producers of plant-based chicken, turkey, and duck alternatives using plant proteins such as peas, soy, wheat, etc. Products are manufactured mostly in nuggets or shredded form.

Producers of plant-based seafood alternatives using plant proteins such as peas, soy, chickpeas, etc. Some startups use more unique ingredients such as algae, konjac (a Japanese yam root), tomatoes, and eggplants. Products are manufactured mostly in shredded or cuts (for sushi).

Producers of plant-based beef alternatives using plant proteins such as peas, soy, wheat, mung beans, etc. Products are manufactured mostly in a burger patty, sausage, meatball, or minced form.

Utilizes 3D printing techniques to develop meat alternatives

Provides sustainable alternatives to animal meat

ANALYST_QUICK_TAKE

PROMINENT_CATEGORY

<div>
 Plant-based meat company, Jack &amp; Annie's has teamed up with US fast-casual chain, Smashburger to launch a jackfruit-based burger across Smashburger's nationwide outlets. The partnership first started as a temporary feature in select locations during the summer and due to its success, the vegan burger has now permanently joined the menu. This marks Jack &amp; Annie’s inaugural foray into the fast-casual restaurant sector.
</div> Analyst QuickTake: 
 Jack &amp; Annie’s has a significant retail presence in the US, with its products available in 3,400+ stores, including Whole Foods, Target, Giant, Meijer, and Sprouts. This partnership will allow the company to attract new customers and expand its foothold on the market.

Jack & Annie's

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