FoodLabs is a venture studio and investor for startups with solutions to feed ten billion people by 2050 in a sustainable and healthy way. Founded in 2016, the Berlin-based investor is one of Europe's leading venture firms for food & ag. It has supported over 20 mission-driven teams to launch their ideas and put great concepts into practice. The portfolio covers the entire value chain - from agtech, alternative protein sources, water supply, food security, vertical farming, to food waste and carbon reduction.

FoodLabs

Plug and Play is a seed and early-stage investor focused on great teams leading emerging growth companies.  Plug and Play runs 12 industry-specific accelerator programs twice a year, that acts as a platform for major corporations and high quality startups to connect and collaborate.  Located in the heart of Silicon Valley, Plug and Play participates in Seed, Angel and Series A funding where they often co-invest with their strategic partners. Through years of experience and as part of their network, Plug and Play has put together a world-class network of serial entrepreneurs, strategic investors, and industry leaders who actively assist the firm with its successful and growing investment portfolio.  SEED ROUND. Plug and Play participates in seed round investing through a program called Startup Camp. Startup Camp is a 10-week program based in Silicon Valley for top-notch entrepreneurs to work intensively on building out their business model. Select startups will refine their business models and prototypes with help from a combination of structured workshops, speaker series and mentorship sessions, as well as active coaching from their investment team. At the culmination of Startup Camp, founders will have crystalized their business plans and pitched their company to the venture capital community at EXPO Demo Day.''  ANGEL ROUND Plug and Play makes angel round investments throughout the year, sourced from their monthly Plug and Play Angels (PAPA) sessions. They are partnered with local angel investors in Silicon Valley who participate in PAPA to find the most promising startups and best new technologies.  SERIES A. Series A typical Series A round is in the range of $2 million to $10 million, and is intended to provide operating capital for the company for six months to two years. This round capitalizes the company as it develops its products, performs initial marketing and branding, acquires talent, and conducts other early-stage business operations. It is in this stage that Plug and Play will co-invest with over 180 venture capital partners.  Plug and Play has helped grow market leaders such as PayPal, Danger, Google, DropBox, LendingClub, Zoosk, SoundHound, CreditSesame, Skytree, and has over 400 more early-stage startups in its portfolio.

Plug and Play

CPT Capital is an investment firm that invests in visionary founders. Their mission is to drive the food and materials technology revolution by replacing animals in the supply chain.

CPT Capital

Siddhi Capital is the venture partner for convention-crushing food and beverage companies. It blends deep operating knowledge and expertise through its strategic partnership with Siddhi Ops, and smart capital to propel brands forward in the food and beverage marketplace.

Siddhi Capital

HackCapital emerged from the world’s largest Food and Climate community to open elite climate investing to the mass affluent.  HackCapital aims to become the platform of choice for the next generation of climate investors, backing founders with the scalable solutions we needed yesterday.  Simply put: Top notch angel investors funding the top 1% of climate startups from Stealth to Series A

HackCapital

Tel-Aviv based investment firm, focused on the effective acceleration of disruptive New Protein technologies

Milk & Honey Ventures

PoLoPo

PoLoPo is a biotech company that produces proteins on a large scale and according to specifications. PoLoPo develops a ''superAA'' plant by employing directed metabolic engineering techniques and fully utilizing plants' capacity as various metabolite and green protein factories. A significant amount of free amino acids can be produced by the superAA. The increased production of amino acids is then translated into an increase in the scale at which proteins are produced in plant organs.

PoLoPo is a food-tech company developing a plant bio-factory for high-scale, custom-made production of proteins. The company’s proprietary technology allows proteins to be expressed in potatoes in a scalable, cost-effective way. The company claims its ovalbumin (the primary protein found in egg white, making up approximately 55% of the total protein) will be identical to chicken egg ovalbumin in terms of functionality, nutritional value, and protein sequence.

A booming food and beverage segment with a history as rich and varied as its present-day product offerings

Plant-based Dairy & Egg

Op Ed: Maya Sapir-Mir, PhD, CEO and Co-Founder of PoLoPo, on Growing Animal Proteins from Potatoes

CSM Ingredients

To develop an affordable, price-stable, and sustainable alternative to traditional egg protein for the commercial baking industry, which faces supply chain disruptions and rising prices due to avian flu outbreaks.

Producers of plant-based egg alternatives for general consumption (used in baking and cooking) using pulses such as mung beans, peas, soy, chickpeas, etc.

PoLoPo is a food-tech company developing a plant bio-factory for high-scale, custom-made production of proteins. The company’s proprietary technology allows proteins to be expressed in potatoes in a scalable, cost-effective way. The company claims its ovalbumin (the primary protein found in egg white, making up approximately 55% of the total protein) will be identical to chicken egg ovalbumin in terms of functionality, nutritional value, and protein sequence.In <a href="https://sp-edge.com/updates/27980">March 2024,</a> the company unveiled its molecular farming platform SuperAA, which uses metabolic engineering to convert potato plants into protein-producing micro-biofactories. As its initial products, the company was developing ovalbumin and patanin, which offer various Food Tech applications, including developing plant-based eggs and dairy alternatives. Following this, in <a href="https://sp-edge.com/updates/29683">May 2024</a>, the company applied for a Regulatory Status Review (RSR) from the US Department of Agriculture's Animal and Plant Health Inspection Service for its platform.Funding and financialsIn <a href="https://sp-edge.com/updates/17186">March 2023</a>, PoLoPo raised USD 1.75 million in a pre-seed funding round to support the company’s technology platform. The round was led by FoodLabs, with participation from several investors including CPT Capital, Siddhi Capital, and Milk &amp; Honey Ventures.

PoLoPo is a food-tech company developing a plant bio-factory for high-scale, custom-made production of proteins. The company’s proprietary technology allows proteins to be expressed in potatoes in a scalable, cost-effective way. The company claims its ovalbumin (the primary protein found in egg white, making up approximately 55% of the total protein) will be identical to chicken egg ovalbumin in terms of functionality, nutritional value, and protein sequence.In <a href="https://sp-edge.com/updates/27980">March 2024,</a> the company unveiled its molecular farming platform SuperAA, which uses metabolic engineering to convert potato plants into protein-producing micro-biofactories. As its initial products, the company was developing ovalbumin and patanin, which offer various Food Tech applications, including developing plant-based eggs and dairy alternatives. Following this, in <a href="https://sp-edge.com/updates/29683">May 2024</a>, the company applied for a Regulatory Status Review (RSR) from the US Department of Agriculture's Animal and Plant Health Inspection Service for its platform.Key customers and partnershipIn&nbsp;<a href="https://sp-edge.com/updates/35500">October 2024</a>, the company partnered with global ingredient tech company CSM Ingredients to develop egg protein powder from potatoes for commercial baking applications.&nbsp;

Eat JUST (Hampton Creek before 2018) is a food technology company that specializes in egg and meat alternatives. It has large-scale facilities in Germany and North America and in <a href="https://sp-edge.com/updates/9243">March 2022</a>, the company announced the groundbreaking of its new manufacturing facility in Singapore. It is the largest of its kind in the country post-completion and was slated to be completed in two years at a cost of USD 120 million.Launched in 2018, the company’s plant-based egg, JUST Egg, is made from mung beans and legumes. It offers an egg alternative for sweet and savory applications, including omelets, scrambled eggs, pancakes, and baked goods. In January 2020, the company announced a new folded plant-based egg, along with an upgrade to its original liquid plant-based egg. In <a href="https://sp-edge.com/updates/9599">April 2022</a>, the company received exclusive regulatory approval from the European Commission for its mung bean protein, a key ingredient in its JUST Egg product. In <a href="https://sp-edge.com/updates/30018">June 2024</a>, JUST Egg debuted the latest addition to its plant-based egg lineup, JUST Egg v5, featuring an improved formulation, taste, and texture.As of February 2024, JUST Egg had sold the equivalent of 500 million eggs and was available at food service outlets, online markets, and major retailers like Whole Foods, Sprouts, Walmart, Target, and Kroger.Key customers and partnershipsIn <a href="https://sp-edge.com/updates/10634">May 2022</a>, tennis pro Serena Williams and renowned actor Jake Gyllenhaal partnered with the company to appear in its national ad campaign “Really Good Eggs” to promote JUST Egg. In <a href="https://sp-edge.com/updates/13770">October 2022</a>, the company partnered with MingsBings to launch four new vegan breakfast items featuring JUST Egg. Also, during the same month, JUST Egg <a href="https://sp-edge.com/updates/13795">partnered</a> with Starbucks for a limited trial of new vegan menu items. In <a href="https://sp-edge.com/updates/20178">July 2023</a>, the company partnered with Alpha Foods as a part of its brand portfolio renovation. Following this, JUST Egg <a href="https://sp-edge.com/updates/21095">partnered</a> with Korean alternative meat company UNLIMEAT to develop Korean-style vegan products.Funding and financialsIn <a href="https://sp-edge.com/updates/12427">August 2022</a>, the company bagged a USD 25 million investment along with a strategic partnership from Alibaba-Group-backed private equity firm, C2 Capital Partners. Together, the companies are set to work towards expanding Eat Just’s footprint in the Chinese market. Later, in <a href="https://sp-edge.com/updates/21471">September 2023</a>, the company raised an undisclosed amount in new funding led by VegInvest/Ahimsa Foundation. The funding was to be deployed towards improving the quality and profitability of Eat JUST's products.

Eat JUST

Zero Egg is an Israel-based developer of egg alternatives in powder form using plant-based ingredients such as soy, potatoes, peas, and chickpeas. The startup initially launched two main products, the EGG Basic, a replacement for scrambled eggs and omelets, and BAKE Basic, an egg replacement for baking. In <a href="https://sp-edge.com/updates/13217">September 2022 </a>, the company launched “Zero Egg Scoopable Scramble”, a ready-to-eat frozen plant-based scrambled egg product claimed to be the world’s first of its kind.The company initially only sold to foodservice customers and food manufacturers in 2 lb. bags of around 86 to 130 equivalent eggs. In October 2020, Zero Egg entered the US B2B market following a successful launch in the Netherlands and Israel. As of March 2024, the company’s products can also be purchased online in Patty and Liquid form.In 2021, the company announced that its product is co-manufactured in Cookeville, Tennessee, and would be distributed by Gordon Food Service in the US in 2021.Key customers and partnershipsIn <a href="https://sp-edge.com/updates/18573">May 2023 </a>, Zero Egg partnered with NYC’s Plantega to become the latter’s exclusive plant-based egg supplier. Plantega, based on a deli-in-store concept, featured Zero Egg’s new Egg Patty in its bodega-style breakfast sandwiches, available via all its outlets and food delivery platforms. The following month, the company <a href="https://sp-edge.com/updates/19335">partnered with The Friendly Toast </a>, a US restaurant chain, to launch the Vegan Zero Egg Breakfast Sandwich at all of its ten locations.Funding and financialsIn November 2020, the company raised USD 5 million in a Series A funding round led by Powerplant Ventures. The funding was earmarked for new product launches and expanding the company’s US footprint.

Zero Egg

Perfect Day produces animal-free dairy products using fermentation techniques. The startup uses microflora (microorganisms such as bacteria, yeast, or in this case, fungi) to create the protein blocks of milk-casein and whey via fermentation, which is later combined with fat and water to produce genetically identical substitutes to animal milk. Perfect Day has developed the microflora to produce milk proteins with a similar genetic blueprint corresponding to casein and whey. The startup launched its first product in 2019, a limited line of animal-free ice cream. Perfect Day has also developed animal-free substitutes for cream cheese, feta, and cheese spreads, in addition to milk. Since its first funding round in December 2019, Perfect Day reported a doubling of production capacity while significantly reducing costs. In <a href="https://sp-edge.com/updates/14938">November 2022</a>, the company launched its Very Dairy animal-free milk in Singapore which is claimed to be the first precision fermented milk to enter the Asian market. Following this, Perfect Day <a href="https://sp-edge.com/updates/14989">acquired India’s Sterling Biotech Limited </a>at a value of 638 crore rupees (~USD 78 million). In <a href="https://sp-edge.com/updates/32960">August 2024</a>, 50% of Perfect Day’s stake in Sterling Biotech was acquired by Indian pharmaceutical company Zydus Lifesciences.In <a href="https://sp-edge.com/updates/20068">July 2023</a>, Perfect Day exited its consumer-facing business, The Urgent Company (TUC), due to investor pressure and to shift its focus towards R&amp;D innovation, B2B partnerships, and its nth Bio precision fermentation consulting business. 15% of the workforce at TUC was laid off as a part of this move.Key customers and partnershipsThe company entered into partnerships with Tomorrow Farms in <a href="https://sp-edge.com/updates/10605">May 2022 </a>and Strive Nutrition in <a href="https://sp-edge.com/updates/10862">June 2022 </a>to supply fermented animal-free whey protein for the production of alternative milk. In <a href="https://sp-edge.com/updates/11970">July 2022</a>, the company partnered with sports nutrition brand, Myprotein to launch a precision fermented Whey protein powder. The company partnered with global food and beverage leader, Nestle in <a href="https://sp-edge.com/updates/12953">September 2022 </a>to develop and trial an unnamed alternative milk beverage. Further, during the same month, the company unveiled its <a href="https://sp-edge.com/updates/13187">enterprise biology business, “nth Bio”</a>, offering precision fermentation expertise and technology to companies worldwide and announced Onego Bio as its first partner in this new venture.In <a href="https://sp-edge.com/updates/26920">February 2024</a>, Perfect Day partnered with Unilever-owned ice cream company Breyers, to supply precision-fermented whey protein for developing a lactose-free ice cream product.Funding and financialsIn its latest funding round in <a href="https://sp-edge.com/updates/25248">January 2024</a>, Perfect Day raised up to USD 90 million in pre-Series E funding led by its internal investors. The funding was earmarked for supporting Perfect Day's shift toward manufacturing on a larger scale and paving the path for the commercial release of its fermented whey protein product.

Perfect Day

Califia Farms uses almonds to produce a range of plant-based alternatives such as milk, cold-brew coffee, creamers, half-and-half, butter, and yogurt. In February 2019, the US-based startup launched Übermilk, a milk alternative made with oat milk, pea protein, sunflower oil and seeds, flaxseed oils, and other vitamins and minerals. Übermilk contains the same amount of calories, more protein (8 g), and less sugar (2 g) than a serving of cow’s milk.In <a href="https://sp-edge.com/updates/14325">November 2022</a>, Califia Farms added plant-based whipping cream to its portfolio with the launch of Heavy Whip. In <a href="https://sp-edge.com/updates/15601">January 2023</a>, the company added USDA-certified Organic Oatmilk and Almondmilk–made with only purified water, sea salt, and oats/almonds–to its alternative dairy products. Further, in <a href="https://sp-edge.com/updates/26576">February 2024</a>, the company launched Califia Farms Complete, a plant-based milk claimed to be nutritionally comparable to dairy. It followed this up by launching ‘<a href="https://sp-edge.com/updates/31054">Complete Kids</a>’, a kid-friendly version of its Complete plant-based milk.In <a href="https://sp-edge.com/updates/31925">July 2024</a>, Califia Farms acquired Uproot Inc., a company developing plant milk dispenser systems for foodservice, for an undisclosed sum. With this acquisition, the company aimed to expand its "Away From Home" portfolio and offer plant milk in a convenient dispensing solution at hundreds of colleges, universities, and other dining locations.Califia Farms products are available in the US at Whole Foods, Kroger, Sprouts, and Target outlets.Funding and financialsIn January 2020, Califia Farms raised USD 225 million in Series D funding led by the Qatar Investment Authority to expand its production capacity, R&amp;D efforts, and geographical footprint.

Califia Farms

Kite Hill manufactures a range of plant-based dairy products such as yogurt, yogurt drinks, cream cheese, ricotta, sour cream, and butter using cultured almond milk and coconut milk. Kite Hill has developed its own proprietary cultures and enzymes to create a texture and taste similar to real cheese. After mixing with the cultures and enzymes, the almond milk is left to inoculate and transform to curd and whey overnight.In 2014, Kite Hill launched its first product line, a range of plant-based cheese at Whole Foods, followed by a range of yogurts and cream cheese made from almond milk in 2015. The CEO of plant-based meat startup Impossible Foods, Pat Brown, is also a co-founder of the startup. Kite Hill products are available in Whole Foods Markets, Sprouts, Publix, Target, and Safeway/Albertsons.Funding and financialsIn its most recent funding round in September 2019, Kite Hill raised USD 10 million in funding; the company did not disclose its plan for the funds.

Kite Hill

Producers of plant-based milk alternatives using ingredients such as almonds, cashews, soy, oats, coconuts, peas, etc.

Producers of plant-based cheese alternatives using ingredients such as coconuts, almonds, cashews, soy, hazelnuts, etc. Startups use their proprietary plant-based cultures for the fermentation process

Producers of plant-based butter alternatives using ingredients such as almonds, avocados, olive oil, etc.

Producers of dairy-free ice cream using plant-based milk

Producers of dairy-free yogurt using plant-based milk and cultures

Producers of non-dairy (such as plant-based, microflora, cultured, etc.) protein bases that are supplied to dairy alternative manufacturers to produce milk, butter, cheese, ice cream, and yogurt alternatives

Provides sustainable solutions for dairy products and egg farming

PROMINENT_CATEGORY

<div>
 PoLoPo has moved from producing genetically modified potatoes in a greenhouse to cultivating them in the field in Israel's Eshkol region. This step has significantly expanded its production capacity. It increased from just a few kilograms, and they are expected to produce up to three tons by spring 2025.
 These bioengineered potatoes are a rich source of various proteins like ovalbumin, which found in eggs, and patatin. These proteins are extracted and turned into functional protein powders. They are used in food production and have other applications as well.
 The field trials' objective is to scale the cultivation of promising potato varieties, to test new genotypes for improved protein production, and to validate previous varieties under real-world conditions. This process is being carried out with the help of a local experienced grower.
</div>

PoLoPo

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