Israeli-based food-tech company, SavorEat, has raised NIS 42.6 million (approx. $13 million) during its IPO on the Tel Aviv Stock Exchange (TASE). Millennium Food-Tech, Gemel and Meitav Dash, and Gemel Pensions were among the investors. The offering was conducted by Leumi Partners Underwriters, with support from the Horan & Co law firm. Founded in 2018, SavorEat developed a unique technology for the production of meat alternatives – a rapidly growing trend in the food industry. The technology can be used to create and cook alternatives while imitating the unique taste and texture of meat, using a 3D food printing manufacturing method. It also allows high food safety and longer shelf life, making logistics and the ability to store at room temperature easier. SavorEat's first development will focus on the creation of a plant-based hamburger. CEO Racheli Vizman said: "We believe that SavorEat brings genuine good news to the meat alternatives market through the unique technology that we are developing. Our worldview is that only alternative tastiness, quality and healthiness to meat will succeed in leading to the desired change in reducing meat consumption." "We are grateful to our investors who have shown belief in our vision, technology and professional team. We are only at the beginning of our journey and we are certain that the current capital raising will greatly contribute to the development of the company and allow the presentation of many innovations in the future," she continued.

Israeli-based food-tech company, SavorEat, has raised NIS 42.6 million (approx. $13 million) during its IPO on the Tel Aviv Stock Exchange (TASE). Millennium Food-Tech, Gemel and Meitav Dash, and Gemel Pensions were among the investors. The offering was conducted by Leumi Partners Underwriters, with support from the Horan & Co law firm. Founded in 2018, SavorEat developed a unique technology for the production of meat alternatives – a rapidly growing trend in the food industry. The technology can be used to create and cook alternatives while imitating the unique taste and texture of meat, using a 3D food printing manufacturing method. It also allows high food safety and longer shelf life, making logistics and the ability to store at room temperature easier. SavorEat’s first development will focus on the creation of a plant-based hamburger. CEO Racheli Vizman said: “We believe that SavorEat brings genuine good news to the meat alternatives market through the unique technology that we are developing. Our worldview is that only alternative tastiness, quality and healthiness to meat will succeed in leading to the desired change in reducing meat consumption.” “We are grateful to our investors who have shown belief in our vision, technology and professional team. We are only at the beginning of our journey and we are certain that the current capital raising will greatly contribute to the development of the company and allow the presentation of many innovations in the future,” she continued. #3Dtechnology #SavorEat #meatalternatives #Israel #plantbasedmeat

Nature’s Path Foods-owned brand, Que Pasa, has expanded its portfolio with the introduction of a new line of organic grain-free tortilla chips. The British Columbia-based brand’s new range is made using organic cassava flour and is available in sea salt, nacho (vegan cheese) and lime flavours. Like Que Pasa’s corn tortilla chips, the grain-free line is vegan, certified organic, and free from gluten. According to Nature’s Path, the new non-GMO offering is also paleo diet friendly. “We like to think of our new grain-free chips as representing the height of snacking inclusivity,” said Arjan Stephens, president of Que Pasa Mexican Foods. “They suit all varieties of chip lovers and will satisfy anyone – especially those who cannot enjoy traditional corn-based tortilla chips.” Que Pasa’s new range can be purchased nationwide in Canada from Real Canadian Superstore and Loblaw. In addition, the tortilla chips are also available in western Canada from Save-On-Foods, London Drugs and Western Canada Costco. #Canada #glutenfree #NaturesPathFoods #QuePasa

Nature's Path Foods-owned brand, Que Pasa, has expanded its portfolio with the introduction of a new line of organic grain-free tortilla chips. The British Columbia-based brand's new range is made using organic cassava flour and is available in sea salt, nacho (vegan cheese) and lime flavours. Like Que Pasa’s corn tortilla chips, the grain-free line is vegan, certified organic, and free from gluten. According to Nature's Path, the new non-GMO offering is also paleo diet friendly. "We like to think of our new grain-free chips as representing the height of snacking inclusivity,” said Arjan Stephens, president of Que Pasa Mexican Foods. “They suit all varieties of chip lovers and will satisfy anyone – especially those who cannot enjoy traditional corn-based tortilla chips.” Que Pasa’s new range can be purchased nationwide in Canada from Real Canadian Superstore and Loblaw. In addition, the tortilla chips are also available in western Canada from Save-On-Foods, London Drugs and Western Canada Costco.

Dutch meal replacement company Jimmy Joy has entered the instant hot meal market with its new plant-based Plenny Pot line. Available in the UK, Plenny Pot aims to offer a healthy and affordable lunch or dinner option which is ready in minutes. According to Jimmy Joy, users simply add boiling water and allow to stand. Made with whole food and natural ingredients, the line comes in three vegan flavours: creamy Cajun pasta, tikka masala lentils, and vegetable korma rice. Each meal pot contains 400 calories, 20g protein and between 11-13g fat. The meals also offer a source of fibre (between 6.5-12g), are low in sugar and contain probiotics and prebiotics. Like all the brand’s products, the Plenny Pot is a nutritionally complete, plant-based alternative meal which provides all 26 essential vitamins and minerals. The meal pots join Jimmy Joy’s range of meal replacement shakes, bars, and drinks, marking its first hot and savoury product. While the creamy Cajun pasta contains black beans and mushrooms, the tikka masala lentils and vegetable korma rice features white rice, pea and soy protein. “We’re delighted to be launching our first ever instant hot meal, which is another exciting step in our commitment to providing people with the healthiest, most convenient meals possible – with minimal impact on the planet,” said Joey van Koningsbruggen, Jimmy Joy CEO and founder. Each Plenny Pot is available to purchase in the UK for £2.72.

Dutch meal replacement company Jimmy Joy has entered the instant hot meal market with its new plant-based Plenny Pot line. Available in the UK, Plenny Pot aims to offer a healthy and affordable lunch or dinner option which is ready in minutes. According to Jimmy Joy, users simply add boiling water and allow to stand. Made with whole food and natural ingredients, the line comes in three vegan flavours: creamy Cajun pasta, tikka masala lentils, and vegetable korma rice. Each meal pot contains 400 calories, 20g protein and between 11-13g fat. The meals also offer a source of fibre (between 6.5-12g), are low in sugar and contain probiotics and prebiotics. Like all the brand’s products, the Plenny Pot is a nutritionally complete, plant-based alternative meal which provides all 26 essential vitamins and minerals. The meal pots join Jimmy Joy’s range of meal replacement shakes, bars, and drinks, marking its first hot and savoury product. While the creamy Cajun pasta contains black beans and mushrooms, the tikka masala lentils and vegetable korma rice features white rice, pea and soy protein. “We’re delighted to be launching our first ever instant hot meal, which is another exciting step in our commitment to providing people with the healthiest, most convenient meals possible – with minimal impact on the planet,” said Joey van Koningsbruggen, Jimmy Joy CEO and founder. Each Plenny Pot is available to purchase in the UK for £2.72. #convenience #JimmyJoy #UK #vegan #instantmeals

Chr. Hansen has expanded its FreshQ line with the introduction of FreshQ DA, a bioprotection solution designed for fermented plant-based products. FreshQ DA is a food culture that reportedly helps strengthen fermentation of plant-based products, providing better protection against spoilage caused by yeasts and moulds. As well as keeping foods safe and fresh for longer, Chr. Hansen says that its FreshQ solution can help manufacturers meet demand for food with fewer artificial ingredients. Extending freshness can also help companies to become more sustainable, by reducing waste in the value chain. “FreshQ DA consists of lactic acid bacteria selected for its ability to out-compete contaminants through fermentation. It works in a variety of plant bases to help keep products fresh for longer,” said Peter Thoeysen, Chr. Hansen’s director of bioprotection. “Bioprotection uses ‘good bacteria’ to fight ´bad bacteria’, yeast and mould, to help keep food fresh from the inside out. Using fermentation for this is a well-known concept in the dairy world, and it offers similar potential for the fermented plant-based foods industry. “With fermentation-driven bioprotection, producers are better equipped to build consumer trust in their brand by improving product quality in a natural way. Improving quality and shelf life can also help reduce food waste at the global level, providing consumers with an extended window during which to consume the food they purchase.” Chr. Hansen recently launched a new range of next-generation Premium cultures that it claims helps fresh dairy producers meet demands for immune health.

Chr. Hansen has expanded its FreshQ line with the introduction of FreshQ DA, a bioprotection solution designed for fermented plant-based products. FreshQ DA is a food culture that reportedly helps strengthen fermentation of plant-based products, providing better protection against spoilage caused by yeasts and moulds. As well as keeping foods safe and fresh for longer, Chr. Hansen says that its FreshQ solution can help manufacturers meet demand for food with fewer artificial ingredients. Extending freshness can also help companies to become more sustainable, by reducing waste in the value chain. “FreshQ DA consists of lactic acid bacteria selected for its ability to out-compete contaminants through fermentation. It works in a variety of plant bases to help keep products fresh for longer,” said Peter Thoeysen, Chr. Hansen’s director of bioprotection. “Bioprotection uses ‘good bacteria’ to fight ´bad bacteria’, yeast and mould, to help keep food fresh from the inside out. Using fermentation for this is a well-known concept in the dairy world, and it offers similar potential for the fermented plant-based foods industry. “With fermentation-driven bioprotection, producers are better equipped to build consumer trust in their brand by improving product quality in a natural way. Improving quality and shelf life can also help reduce food waste at the global level, providing consumers with an extended window during which to consume the food they purchase.” Chr. Hansen recently launched a new range of next-generation Premium cultures that it claims helps fresh dairy producers meet demands for immune health. #ChrHansen #cultures #fermentation #plantbased

Canadian plant-based condiments brand, Mother Raw, has raised $6.1 million in a Series A financing round. The round of funding was led by Forage Capital Partners, alongside Export Development Canada and with support from Whitecap Venture Partners. The company, which makes plant-based dressings, dips, condiments and quesos, said the new capital will help to accelerate its growth across North America, encouraging more citizens to join the growing plant-based food revolution. The team plans to expand its distribution footprint, increase R&D for new product innovation, and amplify marketing and sales initiatives. Following a significant rebranding and reformulation effort led by CEO Kristi Knowles, the company's products now feature in approximately 3,700 stores across North America. Sales for Mother Raw have grown 247% from 2019-2020 and – despite challenges faced due to the Covid-19 pandemic – they have secured over 1,600 new retailers in the US including Meijer, Pavilions, Sprouts, Target, Walmart Canada, Whole Foods, and more. “The Mother Raw team remains steadfast in our focus to delight our consumers, retailers and suppliers as we advance our mission and business to make consciously crafted plant-based foods that deliver on taste,” said Knowles. “Now with added partners on board, Mother Raw is excited about the future ahead with investment partners who wholeheartedly believe in our mission, are a strategic fit and possess expertise and knowledge to complement our business. I’m confident our combined efforts and timely boost to the business will bring even greater success.”

Canadian plant-based condiments brand, Mother Raw, has raised $6.1 million in a Series A financing round. The round of funding was led by Forage Capital Partners, alongside Export Development Canada and with support from Whitecap Venture Partners. The company, which makes plant-based dressings, dips, condiments and quesos, said the new capital will help to accelerate its growth across North America, encouraging more citizens to join the growing plant-based food revolution. The team plans to expand its distribution footprint, increase R&D for new product innovation, and amplify marketing and sales initiatives. Following a significant rebranding and reformulation effort led by CEO Kristi Knowles, the company’s products now feature in approximately 3,700 stores across North America. Sales for Mother Raw have grown 247% from 2019-2020 and – despite challenges faced due to the Covid-19 pandemic – they have secured over 1,600 new retailers in the US including Meijer, Pavilions, Sprouts, Target, Walmart Canada, Whole Foods, and more. “The Mother Raw team remains steadfast in our focus to delight our consumers, retailers and suppliers as we advance our mission and business to make consciously crafted plant-based foods that deliver on taste,” said Knowles. “Now with added partners on board, Mother Raw is excited about the future ahead with investment partners who wholeheartedly believe in our mission, are a strategic fit and possess expertise and knowledge to complement our business. I’m confident our combined efforts and timely boost to the business will bring even greater success.” #motherraw #NorthAmerica #plantbased #plantbasedfoods

Beyond Meat has unveiled a plant-based ground pork alternative, its first product designed specifically for the Chinese market. With 18.5g of protein per 100g serving, Beyond Pork is designed to deliver the taste and texture of traditional ground pork for a seamless swap in dishes such as dumplings, noodles and meatballs. Beyond Meat first entered the Chinese market earlier this year through a partnership with Starbucks. The brand says that pork is the most popular meat in the country and that its new plant-based alternative contains roughly 50% less saturated and total fat than traditional 70/30 ground pork. Made without GMOs, antibiotics or hormones, Beyond Pork was developed through a collaboration between Beyond Meat teams in Los Angeles and Shanghai. Beyond Meat recently announced that it is launching two new versions of its Beyond Burger in early 2021, as part of a new platform to offer consumers an expanded choice of plant-based burgers.

Beyond Meat has unveiled a plant-based ground pork alternative, its first product designed specifically for the Chinese market. With 18.5g of protein per 100g serving, Beyond Pork is designed to deliver the taste and texture of traditional ground pork for a seamless swap in dishes such as dumplings, noodles and meatballs. Beyond Meat first entered the Chinese market earlier this year through a partnership with Starbucks. The brand says that pork is the most popular meat in the country and that its new plant-based alternative contains roughly 50% less saturated and total fat than traditional 70/30 ground pork. Made without GMOs, antibiotics or hormones, Beyond Pork was developed through a collaboration between Beyond Meat teams in Los Angeles and Shanghai. Beyond Meat recently announced that it is launching two new versions of its Beyond Burger in early 2021, as part of a new platform to offer consumers an expanded choice of plant-based burgers. #pork #China #meatalternatives #BeyondMeat #plantbased