Reading Time: 2 minutes
Perhaps the biggest indicator that the vegan movement is thriving is the amount of money being thrown at plant-based brands around the world.Here is this week’s roundup of the latest vegan business news.
Squeaky Bean to open second facility following £5 million investmentPlant-based food brand Squeaky Bean plans to open a second production facility, after it secured £5 million (US$6.8 million). Squeaky Bean’s parent company Winterbotham Darby invested the funds. The 48,000-square-foot facility will lift the brand’s production and distribution capacity. It has also created more than 100 jobs. “Demand for plant-based produce is increasing rapidly and in recent months our operations have been stretched to capacity. Opening our second plant-based factory will help us to fulfil both existing and new opportunities and is testament to our belief in the category,” Tom Faulkner, head of plant-based at Winterbotham Darby, said in a statement: “Our additional production capacity will support strong demand for these products and allow us to introduce these and the rest of the range, to a bigger audience than ever before.” Squeaky Bean offers vegan chicken and deli slices. It’s also behind the UK’s first vegan scotch egg.
Vegan dairy brand bags $3.5 million, with help from dairy giantsYofix Probiotics, a vegan dairy brand based in Israel, just scooped $3.5 million in a recent Series A funding round. The Millennium Food-Tech led the funding round. The investor – which also backs cell-based meat company Aleph Farms – has said its investments mark an ‘investment in the future of food for everyone’. Dairy giants Müller Ventures and Le Groupe Bel also invested, among others. Yofix Probiotics produces dairy- and soy-free fermented prebiotic and probiotic food, including vegan spreads, cheeses, and yogurts. The start-up uses sunflower seeds, oats, lentils, and coconut to make its products.
Shandi Global to supply vegan chicken to South East Asia, North America, and AfricaSingapore’s Shandi Global just acquired $750,000 in a seed funding round. The plant-based chicken brand will use the funds to build a manufacturing facility in Singapore. Most (around 80 percent) of the food produced there will be exported to China, South-East Asia, and North America, as well as regions in Africa. Shandi uses pea protein, chickpeas, flaxseed, brown rice, and green peas to make its vegan meat. It offers shredded pieces, patties, strips, and drumsticks. But more options are on the way. CEO Dr Reena Sharma told FoodNavigator-Asia that the company plans to dip its toes into the snack, dairy, and baby food categories. Click here to read about last week’s vegan business news. The post Plant-Based Companies Raised Millions Of Dollars This Week, And More Vegan Business News appeared first on Plant Based News. plant-based vegan meat cell-based meat plant based yofix meat chicken soy probiotics protein dairy cell-based fermented funding investment
Are fish oil supplements as healthy as we think? And is eating fish better?
Private Companies2 days ago
Thanks to These 19 Brands, It’s Easier Than Ever To Go Vegan With An Allergy
Public Companies2 days ago
Turmeric Could Relieve Indigestion As Effectively As Drugs, Says Study
Plant-Based23 hours ago
Sponsored Post Health Advantages of Oats: A Nutrient-Packed Superfood
Plant-Based2 days ago
What Happened to the Beyond Meat and Oatly Stocks and What You Need To Know Before Your Company IPOs
Public Companies14 hours ago
Starbucks Is Pivoting to Reusable Cups. Here’s Why Dairy Has To Go, Too.
Protein Types8 hours ago
Smart Menus: How to Get Meat Eaters To Choose Plant-Based Dishes
Private Companies1 day ago
Vegan Bacon: What Brands Are Best, What’s It Made Of, And Is It Healthy?
Private Companies17 hours ago
Study Finds Singaporean Meat Consumers Prefer the Term ‘Cultivated Meat’
Markets & Investing18 hours ago
Put Down the Doughnuts! These 9 Panaderias Are Making Vegan Pan Dulce
Plant-Based12 hours ago