Ledger.

Startup · $184m raised

v2food

Sydney, NSW

Coverage

Stories naming v2food. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.

Funding announcement

Meet the Australian VC firm with two homegrown unicorns

Profile of deep tech investor Main Sequence covering Elaine Stead's promotion to Partner, portfolio unicorns Gilmour Space and Advanced Navigation, CSIRO's expanded Atmosphere backing, and a fourth fund now being raised.

News

Sydney Startup Hub rent bill owed to the NSW government pushes Fishburners into administration

Fishburners, the Sydney not-for-profit co-working community, has gone into voluntary administration over a long-running rent debt to the NSW government. KPMG administrators will keep it trading while pursuing a sale and recapitalisation.

Funding announcement

v2food buys up US company Daring Foods for undisclosed amount

Australian plant-protein maker v2food bought US plant-based chicken firm Daring Foods and struck a partnership with Japan's Ajinomoto, price undisclosed. The page also recalls v2food's $77 million Series B and local industry failures.

Unnamed stage $1.1m

Algenie emerges from stealth with next-gen bioreactor it claims can unlock algae's potential in feed, bioplastics, and fuel

Australian algae startup Algenie raises A$1.1 million from University of Technology Sydney and Better Bite Ventures while unveiling a thin-layer photobioreactor designed to make algae production dramatically cheaper for fuels, plastics and feed.

Also SmartCompany

3 deals

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.

7 deals

The Week in AgriFoodTech: Agrotoken closes Series A, John Deere & SpaceX team up, MaxAB merges with Wasoko

Weekly agrifoodtech roundup covering Agrotoken's Series A, raises by Mediterranean Food Lab, Better Juice, Burro, SeeTree and farm-ng, the MaxAB–Wasoko merger, v2food's brand acquisition, a Flashfood CEO change, and Drizly's shutdown.

6 deals

Australia's climate tech industry is booming, but it could bust without funds

Feature on Australia's fast-growing climate tech sector, recounting raises at companies including Neara, Loam Bio, Goterra and Great Wrap, and warning that scarce growth capital and limited foreign investment could stall the industry.

4 deals

Burgers and acquisitions: All G Foods spins out plant-based meats in merger with Fenn Foods

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.

15 deals

The Week in AgriFoodTech: Pure Salmon nabs $507m, FreshToHome bags $104m, more layoffs for agrifood

Weekly agrifoodtech roundup covering funding rounds for Pure Salmon, FreshToHome, SwarmFarm and others, acquisitions of Delphi and Soylent, layoffs at Impossible Foods and GreenLabs, and plant-based labeling news.

Funding announcement

Australia's Vow is writing a new narrative for the cultivated meat industry

Sponsored profile of Sydney cultivated meat company Vow, covering its quail-based first product, recent Series A backing, manufacturing plans, and founder George Peppou's upcoming panel appearance at AgriFutures' evokeAG 2023 event.

Funding announcement

High-tech twist on the rain dance sparks a shiitake storm

Profile of Cairns startup Rainstick, which uses artificial lightning to boost mushroom growth. It won $20,000 from Dream Ventures, has taken in $200,000, and joined CSIRO's ON Accelerate with nine other teams.

Funding announcement

CSIRO’s deep tech accelerator ON is back – and here are the 10 startups in the program

CSIRO has revived its ON Accelerate program and named ten deep-tech startup teams, drawn from universities and its own research, joining the seventh cohort starting in early 2023.

Series B $26.8m

Vegan R.M. Williams one step closer to reality after Andrew Forrest's firm invests $26.8 million in plant-based textiles

Tattarang, Andrew Forrest's investment firm and R.M. Williams parent, has put $26.8m into Natural Fiber Welding's Series B; the US materials startup's Mirum leather substitute may reach the bootmaker's vegan lineup.

Grant $4.4m

GrainCorp, CSIRO and v2food partner on $4.4million plant-based protein research

GrainCorp announces a government-funded 4.4 million dollar plant-protein research partnership with CSIRO and v2food, aiming to build local processing of canola, soy, fava bean and chickpea proteins, with the project due to finish in 2023.

2 deals

Fake meat startup All G scores bigger Woolies backing

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

15 deals

Ten climate-conscious startups that have raised millions in 2021 so far

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.

Also SmartCompany

24 deals

Hydrogen storage, electric air transport, plant-based protein among $47 m CRC grants

Twenty-two CRC Projects share $47 million in grants, backed by $133 million in total investment, funding work on hydrogen storage, electric air transport, plant-based protein, orthotics and other industry research collaborations.

Also @AuManufacturing

11 deals

The startup funding round: Hospitality tech, Kiwis going global, and Blumenthal's bet on plant-based meat

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

2 deals

Impact investors, Chinese tech giant join V2food’s $53m Series B extension

V2food has closed a €45 million Series B extension led by Astanor Ventures, with ABC World Asia, Huaxing Growth Capital and Main Sequence also taking part, to fund expansion into Europe and Asia.

Also SmartCompany·Startup Daily·TechCrunch Venture·Crunchbase News·@AuManufacturing·Startup Daily·SmartCompany·Startup Daily·SmartCompany·Techboard·SmartCompany·Startup Daily·Startup Daily·Beef Central / Grain Central

Unnamed stage $4m

CSIRO backs vegan 'milk' startup in $4 million project to brew fake dairy

Fermentation-based dairy startup Eden Brew launches with A$4 million from CSIRO, its venture fund Main Sequence, and dairy co-operative Norco, targeting its first animal-free milk product on shelves within 18 months.

Also SmartCompany·SmartCompany·SmartCompany·SmartCompany

2 deals

Meet Harvest B, the new kid on the plant-based meat block that just raised $4.5 million

Plant-based ingredient maker Harvest B has raised $4.5 million in venture capital and grant funding, led by Aura Ventures and Woolworths' W23, to scale production of its animal-free ingredients.

Also Startup Daily·SmartCompany·Startup Daily·@AuManufacturing·@AuManufacturing·@AuManufacturing·@AuManufacturing·@AuManufacturing·@AuManufacturing·@AuManufacturing

14 deals

The startup funding round: Tech for COVID-19 vaccines, automating oyster farms, and $25 million for cybersecurity

Weekly funding roundup: UpGuard raises $25m, Tanggram $5m, Endua launches with $5m, Cubiko $1.7m, The Village Co $1.2m, Tribu $1.25m, SmartOysters and BatNav crowdfund, Chipper Cash closes US$100m, and Main Sequence's fund closed.

Fund close $250m

Fund 2 Announcement

Australia's Main Sequence has pulled in A$250 million for its second deep tech fund, with existing backers returning and a sharpened emphasis on decarbonisation investments.

Also TechCrunch Venture·TechCrunch Venture·SmartCompany·@AuManufacturing·Startup Daily·SmartCompany·TechCrunch Venture

7 deals

Ignition Lane's Weekly Wrap: MyDeal and Adore hit the ASX, the Future Fund takes a hit on Quibi

Ignition Lane's weekly roundup reports MyDeal and Adore Beauty listing on the ASX, Rokt's US$80 million Series D, several trans-Tasman raises, Quibi shutting down, Westpac trimming its Zip stake, and local executive appointments.

Also Crunchbase News·Startup Daily·Startup Daily·Startup Daily·Startup Daily·ARN (ARNnet)

2 deals

Fake meat venture V2food raises $77 million in series B from foreign investors for Asia expansion

Plant-based meat maker V2food has closed a large Series B with Asian backers to finish a Wodonga factory and enter Asian markets, following an earlier round the year before.

Also @AuManufacturing·Crunchbase News·AgFunderNews·Startup Daily·SmartCompany·Startup Daily·SmartCompany·Startup Daily·Startup Daily·AgFunderNews·AgFunderNews·TechCrunch Venture

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