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Nourish Ingredients

Plant-based Meat
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Supplier (Technology/ Ingredients)
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Product stage:
Seed
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Founded by Dr. James Petrie and Dr. Ben Leita in 2019, Nourish Ingredients is a spin-off of the Australian government scientific research agency CSIRO focusing on food technology. The startup has developed an alternative animal-free fat using fermented microorganisms. 

Nourish Ingredients claims its proprietary yeast fermentation technology creates fat that can replace the most commonly used coconut oil and palm oil in plant-based meat—improving the overall taste and texture of the products. Fat produced from the genetically manipulated yeast strains can be flavored like beef, chicken, pork, seafood, and dairy according to the startup. The fats are also more sustainable and able to develop the same amount of oil from a "single cell" in a laboratory compared to a hectare of harvested plants.

In October 2023 , the company debuted “Tastilux”, a new animal-free fat made with natural lipid molecules derived through precision fermentation. This product claims to provide the taste and aroma of animal fats in plant-based proteins and offers animal fat-like reactions during cooking.  Later during the month, the company announced plans to set up a facility in Singapore's Food Tech Innovation Centre.

Key customers and partnerships

In September 2023 , the company partnered with Boston Bioprocess to scale up its fermentation process. The partnership leveraged Boston Bioprecess’s scalable process for developing fat molecules to help Nourish Ingredients remain asset-light.

Funding and financials

The company’s latest funding round was in October 2022, when it raised USD 28.6 million in Series A funding led by Horizon Ventures with participation from MainSequence Ventures and Hostplus. The new funding was intended for scaling up production and additional product development.

Plant-based Meat

Plant-based Meat

Key stats
Featured companies
174
Total funding (USD)
7.7 Bn
Total addressable market (USD)
103.5 Bn
Key competitors
 
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EDGE Insights

Q4 2022 plant-based meat menu: Is the party over?
Fermentation: The booster plant-based meat needs?

Recent Updates

Geographic expansion
Oct 31, 2023
Nourish Ingredients to set up facility in Singapore
Plant-based Meat
Product updates
Oct 18, 2023
Nourish Ingredients debuts new animal-free fat ‘Tastilux’
Plant-based Meat
Partnerships
Sep 20, 2023
Nourish Ingredients partners with Boston Bioprocess to scale animal-free fat production
Plant-based Meat
Funding
Oct 19, 2022
Nourish Ingredients raises USD 28.6 million in Series A funding round
Plant-based Meat
Partnerships
Aug 24, 2021
Vow Foods partners with Nourish Ingredients to develop cell-cultured meat
Cell-cultured Meat
Funding
Aug 22, 2021
Melt&Marble secures EUR 750,000 in seed funding
Plant-based Meat

Company Brief


HQ location:
Canberra AUS
Founded year:
2019
Employees:
11-50
Total Funding:
USD 39.6 million
Last Funding
USD 28.6 million, Oct 2022

Funding


Investors


No investor data is available

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