Plant-based meats venture ProForm Foods in voluntary administration
KPMG administrators took control of ProForm Foods, the company behind the Meet brand, and the piece recalls earlier raises at v2food and All G Foods as the plant-based sector cools.
Startup · $18.8m raised
Sunshine Coast, QLD
Every investor coverage indicates participated in a round Fable Food Co raised.
| Investor | Rounds | Invested |
|---|---|---|
| Adrien Desbaillet | Series A | - |
| Adrien Desbaillets | Series A | - |
| Aera VC | Series A · Seed | - |
| AgFunder | Series A · Seed | - |
| Audrey Griffen | Series A | - |
| Ban Choon Marketing | Seed | - |
| Betterbite | Series A · Seed | - |
| Blackbird Ventures | Series A · Seed | - |
| Frantz Braha | Series A | - |
| Greg Creed | Series A | - |
| K3 Ventures | Series A | - |
| Michael Simkin | Series A | - |
| Osher Günsberg | Series A | - |
| Peter Singer | Series A | - |
| Warren Hogarth | Seed | - |
| Warren Hogath | Seed | - |
Companies Fable Food Co acquired or merged with, per published coverage. Buying a company is not investing in one: nothing here counts in the deals column.
Stories naming Fable Food Co. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
KPMG administrators took control of ProForm Foods, the company behind the Meet brand, and the piece recalls earlier raises at v2food and All G Foods as the plant-based sector cools.
All G Foods spins its Love Buds plant-based range into a merger with Fenn Foods' vEEF, forming a new entity; All G pivots to fermented dairy, with both companies' earlier raises recapped.
Mushroom-based meat alternative maker Fable Food Co has raised a Series A to fund US and UK expansion, with its founder arguing fungi products beat soy and pea protein rivals on taste, price and health.
Better Bite Ventures reaches the first close of its debut $15 million fund for Asia-Pacific alt-protein startups, and outlines its portfolio, seed-stage focus, and case for Asia becoming a global alt-protein manufacturing hub.
Atlassian's Cannon-Brookes, via his family firm Grok Ventures, has invested $200 million in renewables project financier Infradebt days after his AGL bid was rejected; the capital is already funding a Queensland battery project.
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Woolworths' corporate venture arm W23 has added an undisclosed multi-million-dollar investment to its backing of Sydney alt-protein maker All G Foods, which had earlier raised a $16 million seed round in late 2021.
Also Startup Daily·AgFunderNews·@AuManufacturing·SmartCompany·Startup Daily·SmartCompany·Startup Daily
Startup Daily reports the Atlassian co-founder and his wife have pledged a billion dollars via their family firm Grok Ventures to climate-focused startups, plus half a billion to philanthropy.
Techboard's roundup lists August 2021 Australian funding events, including raises by TechLend, v2food, Hireup and others, Fresh Equities' CEO-backed investment, and Five V Capital's $50m stake purchase in Penten.
Weekly digest of agrifoodtech deals: numerous venture rounds including Apeel, Knowde and Cirkul, several acquisitions such as Kalera buying &ever, and Barramundi Group's Oslo listing.
Roundup of recent raises: a New Zealand legaltech Series A, plant-based meat seed funding with a celebrity chef tie-in, hospitality software capital, and battery materials funding, plus board additions.
Also TechCrunch Venture·SmartCompany·Startup Daily·Startup Daily·Startup Daily·SmartCompany·Startup Daily·Startup Daily·Startup Daily·Startup Daily·SmartCompany·Startup Daily·Startup Daily·TechCrunch Venture·Startup Daily
Aera VC co-founder Derek Handley explains why the firm joined Fable Food Co's seed round, citing the Brisbane shiitake-mushroom meat alternative startup's retail traction, low-carbon product and experienced founding team.
Also Startup Daily·AgFunderNews·SmartCompany·Startup Daily·Techboard·SmartCompany·Startup Daily·AgFunderNews
Blackbird's February newsletter reports new investments in Roborigger and Dovetail plus Process Street's Series A, alongside portfolio updates, a founder spotlight and hiring notices.