Vegan Brand Allplants Secures £38 Million Investment
Vegan Brand Allplants had just secured a record-breaking £38 million (around USD 52M) in Series B round.
The brand will use will use the latest investment to expand its plant-based kitchen in Walthamstow, in North London, and this will give the company direct to consumer access within the UK market.
Allplants will also invest in scalable growth to allow them to make a quick distribution into many other channels. The company is also expanding its team and is hiring people to work at their operations, marketing, and technology teams.
The round comes as Allplants financial reports are seeing a triple-digit revenue growth for the past 3 years in a row. Additionally, the company broke records with its previous Series A round and crowdfunding efforts.
Cell-based breastmilk company raises $21 million
Biotech start-up Biomilq, a company producing cell-based breastmilk, just received an investment of USD 21 million in total, with life science investor Novo Holdings leading the round.
The women-founded Biomilq aims to offer parents alternatives to giving their infants cow’s milk.
Michelle Egger is the co-founder and CEO of the company.
“Right now, by the estimations we have been able to make, at least 10 percent of the dairy market globally ends up in infant formula,” she said last year, per CNBC.
“That means per-infant-fed formula in the US, 5,700 metric tons of CO2 are produced, and 4,300 gallons of freshwater are consumed each year to feed a child. Parents want to do what’s best for their kids but shouldn’t have to decide between feeding their children and protecting the planet.”
Rubio Impact Funds set to invest €110 million in over 30 impact-focused companies
Rubio Impact Ventures just closed its second impact fund with €110 million, making an increase of 40 percent from the original target.
This venture fund is one of the main supporters of environmentally friendly and socially aware companies, with a focus on a healthy lifestyle.
The venture fund plans to invest in more than 30 ‘ambitious impact-focused companies’ as stated on their website. These companies will join its existing investees, which include Mosa Meat and Wakuli Coffe.
FoodLabs sets aside €100 million for sustainable start-ups in foods
Atlantic Food Labs has relaunched as FoodLabs, along with a €100 million food tech fund to invest in food, health, and sustainability start-ups. The Food Fund focuses on ‘scalable digital business models that are more efficient and sustainable to the food system being agriculture, production, distribution, health, and zero waste.
FoodLabs’ Christophe F. Maire said:
“The food industry is the largest industry in the world, and it accounts for more than a quarter of greenhouse emissions globally. Transforming how we produce and consume food toward more efficiency and sustainability has a major impact on the planet and people.”
The ‘Food Fund’ will prioritize agriculture, Maire said. On its website, FoodLabs highlights that 80 percent of all agricultural land is being used for livestock. Yet the world’s rapidly rising population requires humankind to double protein production.
Therefore, permaculture, aquaculture, and ‘new proteins’ are on the company’s radar, he said.
“We strongly believe that technology and entrepreneurship hold the key to tackling the key challenges of our time. With the Food Fund we will back the most ambitious founders building outlier companies that pave the way for healthier nutrition, sustainable agriculture, better access to food,” Maire added.
Dairy titan DMK Group unveils vegan cheese: ‘we must not close our minds’
DMK Group, is the the largest dairy cooperative in Germany announced it will venture into the plant-based sector.
“Plant-based alternatives have arrived in the mainstream and stand for enjoyment and variety, in taste, especially among the young target groups.” said CEO Ingo Müller in a statement. “With protein demand increasing worldwide and changes in society taking place at the same time, the demand for alternatives will increase even more in the future.”
“As a forward-looking dairy cooperative, we must not close our minds to this trend, in any of our business areas.”
The brand behind Europe’s first vegan supermarket set to go public
Now, the company has four locations as well as online stores. And according to its website, Veganz has developed more than 470 products since 2015.
The company is aiming to reel in €35 million with its IPO, which it would use for a new production site, as well as for marketing and research and development.