Blue Horizon Corporation is an investment firm that invests in companies and businesses in the agriculture and food processing sector. The firm also partners with farmers, food producers, and distribution chains. It was founded in 2016 and headquartered in Zurich, Switzerland. Plant based, food tech,

Blue Horizon Corporation

Moira Capital Partners is private equity firm

Moira Capital Partners

Cubiq Foods

Cubiq Foods has developed a platform of cultivate fats for industrial clients. It is based on two main ingredients, Cubiq Smart OMEGA-3 and Cubiq Smart Fat.

Cubiq Foods is a Spanish startup developing novel plant-based fats. Cubiq’s portfolio includes Go!Drop fat replacer, Go!Mega3 microencapsulated Omega-3 algae oil, and Go!Great cultivated animal fat. These products claim to offer several benefits for alternative food production, including improved nutrition, lower caloric content, and better texture and mouthfeel.

Making meat sustainable over the long term.

Cell-cultured Meat

Cubiq Foods is a Spanish startup developing novel plant-based fats. Cubiq’s portfolio includes Go!Drop fat replacer, Go!Mega3 microencapsulated Omega-3 algae oil, and Go!Great cultivated animal fat. These products claim to offer several benefits for alternative food production, including improved nutrition, lower caloric content, and better texture and mouthfeel.Key partnerships and customersIn <a href="https://sp-edge.com/updates/16793">March 2023</a>, Cargill entered a partnership to co-develop and commercialize Cubiq Foods’ plant-based fats. The partnership hoped to entail the wide-scale development of Cubiq Foods’ Go!Drop.Funding and financialsIn its latest funding round in <a href="https://sp-edge.com/updates/10319">May 2022</a>, Cubiq Foods raised EUR 5.75 million (~USD 6 million) from a consortium of investors, including Moira Capital Partners, SGEIC, Newtree Impact, and Cargill.

Mosa Meat is a Dutch cell-cultured meat startup founded by Dr. Mark Post of Maastricht University, and was the first-ever company to produce a lab-grown meat burger. The startup produces meat by growing myosatellite cells (muscle stem cells) extracted from an animal in a bioreactor fed with a nutrient-dense medium.The company replaced the fetal bovine serum (FBS) from its growth medium in July 2020, which led to an 88x cost reduction in its medium. As of March 2024, Mosa Meat operated the Center for Advanced Meat Production, Upscaling, and Sustainability (CAMPUS), a facility spanning over 79,000 sq ft that was designed to be expandable as demand grows.In <a href="https://sp-edge.com/updates/21645">September 2023</a>, Mosa Meat became the first cultivated meat company to attain B Corp certification. The company also announced plans to apply for regulatory approval in countries worldwide.Key customers and partnershipsIn <a href="https://sp-edge.com/updates/14175">November 2022</a>, Mosa Meat entered into an agreement with Singapore-based contract development and manufacturing organization (CDMO) Esco Aster to commercialize its cultivated beef in Singapore. Further, in <a href="https://sp-edge.com/updates/16845">March 2023</a>, the company partnered withNutreco to develop a cell feed supply chain that can expedite production and scalability while reducing cost.Funding and financialsIn its latest funding round in <a href="https://sp-edge.com/updates/28536">April 2024</a>, the company raised EUR 40 million (~USD 42.5 million) in an oversubscribed funding round co-led by Lowercarbon Capital and M Ventures, with participation from PHW Group, Invest-NL, LIOF, and LEF. The funds were earmarked for scaling production procedures, reducing production costs, and gearing up for commercialization.

Mosa Meat

Eat JUST (known as Hampton Creek prior to 2018) is a food technology company that develops and sells cultivated meat products under the “GOOD Meat” brand. In December 2020, Eat JUST received approval from the Singapore Food Agency (SFA) for its cultivated chicken product and became the first ever cell-cultured meat company to commercially sell cultivated meats. GOOD Meat also received regulatory approval from the SFA for the <a href="https://sp-edge.com/updates/15768">use of serum-free media</a> in the production of cultivated meat and was among the first two companies to receive a <a href="https://sp-edge.com/updates/17221">“no questions” letter</a> from the FDA and <a href="https://sp-edge.com/updates/19588">USDA clearance</a> for the sale of cultivated chicken in the US.The company expects to reach price parity with conventional meats by 2027 and has production facilities in Germany, the US, and Singapore. The US facility can produce up to 50,000 lbs of finished products annually, while the Singapore facility, located in JTC Bedok Food City, houses Asia’s largest bioreactor for cultivated meat production.Key customers and partnershipsEat JUST partnered with several hawker food stalls in Singapore, including <a href="https://sp-edge.com/updates/8755">Loo’s Hainanese Curry Rice</a> and <a href="https://sp-edge.com/updates/10542">Kee Eng Kee</a> (KEK) to sell its cultivated meats. In <a href="https://sp-edge.com/updates/10516">May 2022</a>, the company partnered with multinational food processing company Archer Daniels Midland (ADM) to develop a low-cost growth media with ADM to leverage its expertise and technology in optimizing GOOD Meat’s existing nutrient mix. It also <a href="https://sp-edge.com/updates/10724">partnered</a> with ABEC to build a large-scale commercial facility.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 toward 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

SciFi Foods (previously Artemys Foods) is a start-up developing cell-cultured beef. The startup uses pluripotent stem cells that differentiate into muscle or fat cells, which it separates into different bioreactors to cultivate. The company plans to launch a hybrid burger made from a blend of plant-based and cell-cultured meat by 2025, pending regulatory approval. Due to complexities in mimicking the texture of beef burgers, it intends to supplant its cultivated burgers with plant-based proteins.In <a href="https://sp-edge.com/updates/11598">July 2022</a>, the company announced a breakthrough in R&amp;D which allowed them to grow beef cells in single-cell line suspension leading to a reduction in cost by more than thousand fold. The company expects to reach price parity following this milestone.In <a href="https://sp-edge.com/updates/26100">January 2024</a>, SciFi Foods completed its first large-scale production of its hybrid beef product and plans to commercialize it next year after regulatory approval.Key customers and partnershipsIn<a href="https://sp-edge.com/updates/13063"> September 2022</a>, the company partnered with Michigan State University to finalize the development and test scaling of its hybrid beef burger.Funding and financialsIn<a href="https://sp-edge.com/updates/10966"> June 2022</a>, the company raised USD 22 million in a Series A funding round led by Andreessen Horowitz(a16z). The funds were earmarked for scaling up R&amp;D, attracting new hires, and marketing strategy expenses.

SCiFi Foods

SuperMeat is a cellular agriculture startup developing cultured chicken meat. The company uses chicken cells and claims to grow them in a culture medium free from antibiotics and contaminants to develop its products. SuperMeat also operates a test kitchen known as The Chicken. It is claimed to be the world’s first farm-to-fork facility where diners can observe the production of cultivated chicken.In <a href="https://sp-edge.com/updates/21733">September 2023</a>, The Orthodox Union (OU) certified SuperMeat’s cultivated chicken as “kosher.” Further, the OU and SuperMeat will collaborate on establishing guidelines for the industry.Key customers and partnershipsIn <a href="https://sp-edge.com/updates/9319">March 2022</a>, SuperMeat signed an MoU with PHW to supply cultivated meat products including chicken, turkey, and duck to the European market. The company also <a href="https://sp-edge.com/updates/8997">partnered</a> with Ajinomoto to set up a joint venture to accelerate the commercialization of cultivated meat while focusing on developing a cost-competitive cell growth media.&nbsp;In <a href="https://sp-edge.com/updates/11867">July 2022</a>, the company signed an MoU with Switzerland’s largest retail supermarket chain and leading meat manufacturer, Migros to expedite production and distribution of cultured meat at a commercial scale with a focus on European markets.Funding and financialsIn <a href="https://sp-edge.com/updates/10945">June 2022</a> the company received grant funding from the Israel Innovation Authority to set up what claims to be the world's largest high throughput screening system for identification and optimization of cultured meat ingredients, supplemental inputs, and cellular scaffoldings for the production of cultivated meat.

SuperMeat

Uncommon (formerly HigherSteaks) is a UK-based cell-cultured meat startup that uses cellular agriculture to grow pork from animal cells. The company leverages cellular agriculture and in-house developed RNA technologies to cultivate meat and claims its technology eliminates the need for genetic engineering and growth media.In July 2020, the company unveiled the world's first lab-grown pork belly prototype and the second cell-based bacon (behind Mission Barns cell-based bacon unveiled in early 2020). The pork belly and the bacon were produced from a combination of cell-cultured muscle and plant-based proteins and fat. Uncommon plans to commercialize its cell-cultured meat by 2022-2025, pending regulatory approval.Funding and financialsIn <a href="https://sp-edge.com/updates/19267">June 2023</a>, the company raised USD 30 million in Series A funding co-led by Balderton Capital and Lower Carbon Capital, with participation from Redalpine, East Alpha, and others. The funds were earmarked for the development of its innovative approach, expanding production, increasing the team, and initiating regulatory approvals.

Uncommon

Provide sustainable solutions for animal slaughter through the use of biotechnology

Producers of growth media for cell cultured meat production and ingredients for meat and meat analogue (cell cultured, plant-based) producers; which can include cell culture meat paste, culture fat etc. Producers of growth media, mainly focuses on startups developing alternative growth media to fetal bovine serum (FBS) using plant-based or other sources.

Cubiq Foods

Cell-cultured Meat

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EDGE Insights

Q1 2023 plant-based meat menu: A quarter with a side of uncertainty

Recent Updates

Cargill enters into partnership with Cubiq Foods to commercialise novel plant-based fats

Cubiq Foods raises EUR 5.75 million in bridge financing

Vow Foods partners with Nourish Ingredients to develop cell-cultured meat

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