CEO · Founder, Fable Food Co
Stories naming Michael Fox. 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.
Australian mushroom-based meat maker Fable Food raised an $8.5 million Series A led by K3, with returning and new backers, to fund product development and expansion into North America, the UK and Singapore.
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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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Singapore-based climate tech investor Aera VC has held the first close of its new fund and launched a blockchain-focused DAO, with several already-backed portfolio companies named.
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.
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A roundup of climate-focused startups that secured investment during 2021, led by Loam Bio's $40 million carbon sequestration round, spanning clean energy, waste, lithium, and plant-based protein companies across Australia and New Zealand.
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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.
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.
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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.
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Sydney mushroom-based meat alternative maker Fable Food raised A$6.5 million in a Blackbird Ventures-led seed round to fund US expansion and R&D, and appointed Dan Joyce as chief growth officer.
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Vegan cheesemaker Hello Friend Foods exceeded its Birchal crowdfunding minimum, collecting $672,000 from 572 backers to lift production, packaging and product development.
Conference report from Melbourne where plant-based and conventional protein advocates debated. Fable Foods' funding round closed, and Michael Fox's earlier shoe startup Shoes of Prey is recalled as collapsed.
A holiday roundup of startup headlines: several Australian funding rounds, Airwallex's funds frozen amid a fraud probe, Fintech Australia's policy submission, and Travis Kalanick selling his remaining Uber stake.
Blackbird's post announces its seed investment in Fable, a mushroom-based meat alternative maker co-founded by Michael Fox, Jim Fuller and Chris McLoghlin, describing the plant-based protein opportunity and the founders' backgrounds.
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Shoes of Prey co-founder Michael Fox's mushroom-based meat alternative startup Fable has raised $1.5 million from Blackbird and Grok Ventures, with chef Heston Blumenthal to serve its products in his restaurants.
Fast food billionaire Jack Cowin has launched v2food, a plant-based meat joint venture with CSIRO's innovation fund Main Sequence Ventures, seeded by his Competitive Foods Australia and led by ex-PepsiCo research director Nick Hazell.
Shoes of Prey co-founder Michael Fox is launching an unnamed plant-based meat venture on the Sunshine Coast with Mars accelerator grant backing, while the piece recalls Shoes of Prey's collapse and Beyond Meat's US listing.
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Mars picked six Australian food startups for its first Seeds of Change accelerator, each receiving a $40,000 grant, spanning fermented foods, native ingredients, edible insects, prepared meals and plant-based cheese and meat.
A columnist reflects on Shoes of Prey's collapse, drawing lessons about market research, runway, and choosing between venture capital and bootstrapping.
Custom footwear startup Shoes of Prey has entered liquidation, with FTI Consulting appointed, six months after pausing orders. Its cofounder reflected on the failure, including a 2015 US$15.5 million funding round.
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Blackbird's retrospective of its 2018: a third fund launched, new partners and staff hired, Startmate cohorts run, numerous portfolio raises led, Shape Analytics sold, and Shoes of Prey shut down.
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