alternative protein

The agtech company chose to acquire the soy processing business instead of building out its own infrastructure to secure a faster route to market.

Remilk uses a fermentation process to produce animal-free dairy proteins and expects to launch its first products later this year.

The partnership with PeakBridge will seek to make investments of between $3m to $5m in sectors including ingredient innovation and farming technology.

The impact investor has previously raised a seed fund, a VC fund and created the LiveKindly Collective, a $1bn roll-up of brands in the alternative protein sector.

The alternative protein start-up has taken its total capital raised to $2bn since being founded in 2011 and raised $700m in 2020.

The Canadian pension invested into the start-up, which plans to go public, through its Climate Change Opportunities strategy.

The US start-up has partnered with Nomad Foods and is exploring Asian market entry with other regional giants.

The Australian government’s clean energy investment agency has continued its push into agriculture, backing alternative proteins start-up All G Foods.

Astanor partner Hendrik Van Asbroeck says the investment marks ‘the beginning of a strategic partnership to help v2food expand into the European market.’

The Chicago-based start-up plans to launch its products across the US in 2022 and wants to use its established bases in Singapore and India as a springboard into the continent.