Supply Change Capital’s Post

What a week at the Future Food-Tech Alternative Proteins event! 🚀🌱 Nadav Berger, our Founding General Partner, shared his thoughts at the investor panel, emphasizing that early-stage innovators need to understand the food industry's value chain and map out true pain points. Solving inefficiencies through AI is a prime example. “AI will be in everything we do, and excitingly, this will transform the alt proteins space for the better," Nadav stated. 🤖✨ Our key takeaways from the event: 🧪 Precision fermentation is ubiquitous, with companies of all sizes finding new and innovative ways to leverage it. 🤖 AI's influence is growing in product formulation, consumer insights, and overall business operations. 🌱 Ingredients are taking center stage. Whether it's chickpeas, mycelium, or novel oils and fats, there's a shift towards B2B opportunities and food service rather than building retail consumer brands. 💪 Companies that have endured recent challenges are now leaner, more focused, and dedicated to building fundamentally sound businesses. 🏗️ Infrastructure remains a major hurdle, with a need for greater government support and alternative funding options for large capex projects. In the interim, startups are forming partnerships with corporates who have excess capacity. These insights underline the dynamic nature of the alternative proteins space and the innovative solutions driving the industry forward. PeakBridge is proud to have been a Gold Partner at the event and to have shared the stage with: Steve Molino, Principal of Clear Current Capital, Rosie Wardle, Co-Founder and Partner at Synthesis Capital, Shayna Harris, Co-Founder and Managing Partner at Supply Change Capital, and Ashley Hartman, Managing Partner at Bluestein Ventures. 🥇 Peter Bodenheimer Startup Nation Central StartLife Edmond de Rothschild The Good Food Institute Sweden Foodtech NC Food Innovation Lab KM ZERO Food Innovation Hub Edible Planet Ventures EIT Food Institute of Food Technologists (IFT) #futurefoodtech #alternativeprotein

🕓 How it started v. how it's going 🎉 Can you believe that we're celebrating our 2 year anniversary today?! This is how our story began: a biorefinery professor and a brilliant PhD student researching algae in a Dutch university lab. But here's where it takes an unexpected turn... They discovered that algae proteins mimic egg functionality - the holy grail of food ingredients. While pondering how to scale algae production, they had a realization: What if there was a better solution with huge scalability potential using existing infrastructure? Enter yeast - similar to algae but already produced at scale.They refined their technology to upcycle (or better - revyve) primary and side-stream yeast into exceptional, minimally processed, natural and sustainable texturizing ingredients using existing food industry equipment. That’s how revyve (previously known as FUMI ingredients) was born! This simple yet revolutionary idea took off. Within months, we won a Rabobank Sustainable Innovation Award, partnered with AB InBev, and attracted top talent. Now, we're a team of +15 unstoppable scientists, industry veterans, and food lovers, backed by Royal Cosun and Oost NL. We've scaled to industrial level and launched our first ingredients, offering unmatched performance and sustainability. And we're just getting started! 🚀 #Foodtech #Sustainablefood #Foodinnovation #Entrepreneurship #Startup

Congratulations to EIT Food Accelerator Network alumnus Meala Foodtech for being selected by Empire State Development as one of the 20 finalists for the annual $3 million Grow-NY Global Business Competition! The Grow-NY competition is a powerful catalyst for science-based innovations that enhance the food economy while promoting climate sustainability. The key focus is strengthening the emerging food, beverage, and agriculture innovation cluster. The winning companies will be required to make a positive economic impact in the Grow-NY region. In total, 312 startups applied from 50 countries, 44% included a female founder, and 60% a founder from a culturally diverse group. Meala Foodtech develops the next-generation, naturally derived, texturising proteins that can create gelling, binding, and emulsion, helping food manufacturers maintain a clean ingredient list without compromising texture, juiciness, and nutritional value. The 20 finalists are now embarking on a 10-week business development phase before pitching their innovations at the 2024 Summit. Good luck to all the finalists!

We’re absolutely blown away that we’ve moved up 224 places in the FoodTech 500 ranking in just a year 🥹🙌 In 2022, we were thrilled to make it to number 432 in the rankings - we definitely weren’t expecting to make it to number 208 in 2023. This feels like massive industry recognition for the game-changing power of mycelium and fermentation that we’re working hard to make viable at scale. 🚀 The FoodTech 500 showcases selected international AgriFoodTech startup and scaleup companies that are acting as a force of good for creating a brighter future of food. There was a pool of over 1,500 entries from 57 countries to make a list of the most innovative global businesses at the convergence of food, technology and sustainability. 🍽️🌍 We look up to so many companies included in the list - you can have a look at the full ranking here: https://shorturl.at/aINW4 #AgriFood #FoodTech500 #FoodSystem

📯 Discover the Taste of Tomorrow! RootCamp and ICEX Spain invite you to the opening event of the first DESAFIA FOODTECH GERMANY program! 🚨 September 11th, RootCamp, Hannover.  The event brings together entrepreneurs, product developers, specialists and managers from industry, the food trade, retail, science and gastronomy who are interested in new trends in the FoodTech scene. Explore great talks, interesting startup pitches, plenty of networking opportunities and obviously a lot of food! Sneak peak to the exciting topics and trends we´ll discuss: - What potential does the production of plant-based protein alternatives offer for the German market?   - What are new technologies and processes to produce food and food ingredients? - How can machine learning and robotics help us in optimizing selection of strains and new formulations?  - What solutions are there for processing organic waste according to the principle of the circular economy and upcycling? - How far did alternative proteins come in terms of taste and texture? ➡ Register now and see you in RootCamp! https://lnkd.in/d7WpQ_Fb ICEX, NUCAPS, Libre Foods, COCUUS, BioProcesia, QUEVANA, Oscillum, BioMixing S.L., Gimme Sabor (antes Guimarana), Innomy, Let it V Foods, Caspar Olenhusen, Simone Poppe

With Roquette to develop new healthy and sustainable food ingredients

🚀 We're thrilled to announce our investment in Climax Foods Seed round, alongside notable investors like At One Ventures, founded by visionary GoogleX co-founder Tom Chi, and Index Ventures. 🥛 Addressing a Crucial Problem: Traditional dairy production is environmentally unsustainable, consuming massive water resources and contributing significantly to greenhouse gas emissions. Climax Foods steps in with a groundbreaking solution. 🌱 The Mission of Climax Foods: The company, led by founder Oliver Zahn, ex-data scientist at Google, SpaceX, and Impossible Foods, aims to create a seismic shift in dairy production. Using artificial intelligence and precision formulation, they've developed a dairy alternative that mirrors the taste and texture of animal milk using plant ingredients, while being 10x more sustainable than traditional production methods. 🌍 A more sustainable future: Untapped Ventures is proud to support Climax Foods as they lead the charge in offering a sustainable and delectable alternative to traditional dairy. This investment aligns with our commitment to next-generation technologies that uplift and sustain humanity. 🔗 Learn more about this exciting venture and our investment in Climax Foods in the article below. #venturecapital #sustainability #innovation #founders #ai #seedround #artificialintelligence #ecofriendly #sustainablefood #techforgood #foodtech #impactinvesting #cleantech #futureoffood #spacex #google #harvard

💰🌱 SIX FUTURE FOOD COMPANIES GAIN BACKING FROM EIT FOOD From cultivated meat and mycelium protein to cell-based chocolate, the EU is investing tens of thousands in early-stage food tech startups to advance their route to commercialisation. At Next Bite, the flagship event of EIT Food in Rome last month, the EU-backed accelerator programme announced the winners of the 2024 EIT Food Accelerator Network Tech Validation Awards, with 17 companies receiving grants between €20,000 and €50,000. Of these, six startups are working on alternative proteins, cell-based cocoa or palm oil alternatives, shaping the future of an increasingly volatile food system hit by the climate crisis. Which startups piqued EIT Food’s interest? 👉 Esencia Foods 👉 Clean Food Group 👉 Quest 👉 New Wave Biotech 👉 Kokomodo 👉 Typcal The winners of these awards will use the funding to run projects to test and accelerate their technologies further, in collaboration with EIT Food’s network of partner universities, research centres and facilities across the continent. Members of its 2024 Accelerator Network include Melt&Marble, Ironic Biotech, UOBO, Fabas Foods AG, Foreverland Food, NuKoKo, and Amatera, alongside the aforementioned companies that won the funding under the Tech Validation Awards (except Typcal). Learn more in the full article: https://lnkd.in/efcNYkk5 #GreenQueen #altprotein #futurefood #sustainability #innovation #cultivatedmeat

⏰ 4 weeks left to our AgriFood Demo Day 2024: Future-Proof Food Systems & Ensuring Food Security on September 19! 🌾 The future of our agri-food system holds vital questions: What will our diets consist of, and how can we ensure a future-proof #AgriFood system that sustainably produces affordable and nutritious food for everyone? In this pursuit, we firmly believe that innovation will be the key! Join us at the AgriFood Demo Day 2024 - hosted by EIT Food, XPRENEURS Incubator by UnternehmerTUM, Technical University of Munich (TUM) & TUM Venture Labs. We bring together our unique AgriFood ecosystem from Munich and beyond, providing startups a platform to showcase their groundbreaking solutions and innovations. 𝗪𝗵𝘆 𝘆𝗼𝘂 𝘀𝗵𝗼𝘂𝗹𝗱 𝗮𝘁𝘁𝗲𝗻𝗱: 🎙 Start-up pitches: Discover cutting-edge solutions from AgriFood startups in the fields of future-proof agriculture (Agricom, Elaniti, Agcurate, CinSOIL, Varolis-apimed, NoMaze, aarnt bioworks) and circularity & food security (circular grain/tremi, iComplai - Early Warning System for Food Supply Chain, Protegg GmbH, Kireap, Noovi Ag, Alganize, Beetroute) 🤩 Inspiration: Hear a keynote from Gil Horsky, Founding and Managing Partner of FLORA Ventures and Ex-Mondelez & PepsiCo 🧡 Networking opportunities: Connect with potential investors, customers, and corporate partners 💡 Expert panels: Engage with industry leaders and thought-provoking discussions 𝗪𝗵𝗼 𝘀𝗵𝗼𝘂𝗹𝗱 𝗮𝘁𝘁𝗲𝗻𝗱: This invitation extends to all players in the AgriFood sector, including #startups, #corporates, #investors, #universities, and anyone with a keen interest in the future of #agriculture and #food. 👉 Register here to participate: https://lnkd.in/dxqNUTkB We can't wait to welcome you at Munich Urban Colab in September!

We are proud to announce that EIT Food Accelerator Network alumnus Blue Tree Technologies Ltd. from our 2023 cohort has secured self-affirmed GRAS status, successfully scaling its solution with Israeli juice manufacturer Priniv, using its patented process to selectively remove sugars.   This is a great achievement, and the startup is now in talks with leading juice manufacturers around the globe. Blue Tree Technologies Ltd. cuts sugar, using ultrafiltration coupled with adsorption to selectively remove disaccharides, such as sucrose, lactose and maltose from natural beverages such as juice, milk, and beer without sacrificing taste or compromising brands’ clean label credentials.   Founded in 2020 by Didier Toubia (cofounder and CEO at cultivated meat startup Aleph Farms) and Yuval Klein, Blue Tree Technologies Ltd. offers a turnkey solution, fully integrating their system into a partner’s manufacturing line.    "Consumers want natural, less processed, clean label products, and Blue Tree can deliver both. In 2023, we fully scaled up our solution and expanded our development to other categories beyond orange juice. Our system underwent significant internal and external review and safety testing. This process included direct interaction with the FDA to ensure the system meets all relevant safety standards. We plan to license the system to juice and beverage producers around the world, and we’re currently negotiating with large-scale manufacturers in Latin America, Southeast Asia, and Europe. What our partners appreciate about our team is that we come from the industry, so we know how to approach manufacturers and provide them with a very agile solution." Michael Gordon, CEO Blue Tree Technologies Ltd.   Investors in Blue Tree include OurCrowd, Tnuva, Tempo, Finistere Ventures, Siddhi Capital, NevaTeam Partners, and Ratio Technologies, says Michael Gordon, who is currently talking to an undisclosed corporate venture capital firm about raising additional capital to fund its commercial rollout.   Congratulations to the entire Blue Tree Technologies Ltd. team and everyone involved. #foodsystemtransformation #startupacceleration #foodtechinnovation