Danish biotech Chromologics has raised €7 million in a funding round led by Novo Holdings, EIFO, Döhler Ventures, Collateral Good Ventures and Synergetic.

As natural ingredients and health benefits move higher among consumers’ purchasing priorities, the plant-based functional beverages market is poised to reap the benefits of shoppers’ evolving preferences.

Ingredion has partnered with Swiss biotech start-up Cosaic, aiming to enhance the taste and texture of animal-free foods and beverages using Cosaic’s yeast ingredient.

French start-up Green Spot Technologies has raised €5 million to introduce a new brand of fermented ingredients for bakery, pastries and chocolate.

US start-up Meati Foods, a producer of mycelium-based meat alternative products, has been acquired by Yasir Abdul, CEO of tech company InvenTel.

Angel Yeast has inaugurated its new, automated yeast protein production line at the Baiyang Biotechnology Park in Yichang, Hubei, China.

Sweden and US-based Stockeld Dreamery is closing its doors after a six-year journey, due to the current challenging economic environment for start-ups in the category.

Danish food-tech start-up Matr Foods has completed a €40 million fundraise to scale up the production of its organic, fermented plant-based meat alternatives.

This month, our start-up spotlight is on Danish food-tech innovator Summ Ingredients, a producer of multifunctional fermented protein ingredients.

Checkerspot has partnered with Huvepharma to commercialise a new microalgae-derived oil that replicates key nutritional fats found in human milk.

Foreverland, an Italian producer of cocoa-free chocolate alternatives, has expanded its production capacity with the opening of its first manufacturing plant in Puglia.

Australia’s Queensland University of Technology has invested AUD 18 million (approx. $11.8 million) into its Mackay-based QUT Pioneer BioPilot, an upgraded, pilot-scale fermentation and biomanufacturing facility.