Food tech company Mori has successfully raised $50 million Series B1 funding to further develop and expand its shelf-life extending product line. This round was led by Prelude Ventures and included previous investors The Drawdown Fund, Acre Venture Partners, The Engine, Refactor Capital, Blindspot, Closed Loop Partners, Knollwood Investment Advisory as well as new investors Collaborative Fund and Thia Ventures. This additional capital will help the supplier meet its goal of reducing waste and … [Read more...] about Mori secures Series B1 funding for shelf-life extension solutions
Ajinomoto enters into strategic partnership with SuperMeat for cultivated meat
Food and biotech company Ajinomoto has announced it will invest in SuperMeat as a corporate venture capital project. This partnership aims to tackle ongoing food and health issues by creating and validating viable production and value chain solutions for cell-cultured meat. The market is expected to grow by $25 billion by 2030, which means that there’s a push for players in the industry to scale rapidly. They are planning to establish an open platform that will enable for the … [Read more...] about Ajinomoto enters into strategic partnership with SuperMeat for cultivated meat
Yili Yunnan Dairy factory certified as first zero-carbon food facility in China
Yili Group’s dairy factory based in Yunnan, China was recently given the PAS 2060 certification on carbon neutrality. This was awarded by Bureau Veritas, a world leader in testing, inspection and certification, making the facility the first to be certified as such in China. The company is expected to continue to leverage tech innovation for green development and further explore ways to achieve carbon neutrality. Last Year, Yili Yunnan Dairy was awarded a “green electricity certificate”, … [Read more...] about Yili Yunnan Dairy factory certified as first zero-carbon food facility in China
