Future Food Now: Asia-Pacific
By Michal Klar
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Future Food Now #15: APAC alt protein funding and more
Better Bite Ventures is the first alternative protein fund focused entirely on Asia Pacific startups.We believe founders are the real heroes in the story of transforming our food system for the better.We launch with a portfolio of 10 plant-based, cell-based a…
Future Food Now #14: Alt Protein News from Asia Pacific
Top headlines from APAC alt protein industry.💰 Funding announcements🔸 Next Gen Foods (Singapore): US$10m seed round for its plant-based chicken from Temasek, K3 Ventures, Singapore's Economic Development Board (EDB), German wholesaler Metro's NX-Food and othe…
Future Food Now #13: Cell-based meat in Asia Pacific
There has been no shortage of articles in the media on the cultured chicken product approved for sale in Singapore - here is a rundown of key facts.How did we get here?Eat Just, San Francisco-based food tech startup, has been working on cell-based meat from 2…
Future Food Now (#12): Alt Protein Funding 2020 in Asia Pacific
Here is the headline figure: over US$230 million in funding raised by alternative protein startups in Asia Pacific during the past 12 months*.What matters even more is the growth rate: over 350% compared to investments from the previous three years combined. …
Future Food Now #11: China special
When I have started reporting on 'new protein' business from the Asia-Pacific back in 2018, I have been surprised how slow things seemed to be moving in this industry in mainland China.For the first year, there has been almost nothing to write about when it c…
Future Food Now: Asia-Pacific (#10) COVID-19 special
Across the region, one COVID-19 trend is very obvious: food service sector is suffering, while retail food sales are booming.David Yeung has a unique perspective as Hong Kong-based Green Monday Group that he co-founded is involved in all major sectors of the …
Future Food Now: Asia-Pacific (#9)
Global and regional plant-based brands have been expanding to new markets in Asia-Pacific for past few years, but almost no-one entered the mainland China yet (with exception of the limited launch of JUST Egg, on which I reported in previous issues).It is sta…
Future Food Now: Asia-Pacific (#8)
V2food is an Australian plant-based startup with a pretty unique story and some ambitious goals. They have been in a stealth mode up until recently.It is described as a joint-venture with both involved parties providing specific support. First one is Main Seq…
Future Food Now: Asia-Pacific (#7)
Hong Kong-based Green Monday Group recently launched in Taiwan and the Philippines. Later this year they plan to expand to Thailand, Vietnam and mainland China.Green Monday Group (GMG) has several subsidiaries supporting each other: the social arm is building…
Future Food Now: Asia-Pacific (#6)
Shiok Meats, cell-based seafood startup from Singapore, is the first of its kind to join Y Combinator, top Silicon Valley accelerator with a combined valuation of alumni companies exceeding US$100b.The fund invests US$150k in exchange for 7% equity. The inves…
Future Food Now: Asia-Pacific (#5)
In January Grand Hyatt Singapore hosted another launch of plant-based product - Beyond Sausage by Beyond Meat. The hotel previously launched Beyond Burger, JUST Egg and Omnipork, using a similar food truck concept.Hot dogs featuring Beyond Sausage, as well as…
Future Food Now: Asia-Pacific (#4)
New Zealand-based startup Sunfed Meats has raised US$6.9m (NZ$10m) in Series A funding round. Australian Blackbird Ventures is the lead investor - also joining are Quadrant Private Equity founder Chris Hadley, K1W1 and NZVIF.Total disclosed funding to date is…
Future Food Now: Asia-Pacific (#3)
JUST Egg launched at Singapore's Grand Hyatt in early November, initially available from a food truck in front of the hotel, as part of a plant-based "egg sandwich".Nearly 3,400 sandwiches were sold in three days, according to Jerome Pagnier, Director of F&am…
Future Food Now: Asia-Pacific (#2)
New foodtech accelerator launched in Hong Kong as a partnership between HK-based Brinc and US-based food company JUST. Josh Tetrick, CEO of JUST, announced it during Food's Future Summit 2018 event in late September.The new accelerator will focus on startups …
Future Food Now: Asia-Pacific (#1)
In mid-August, Beyond Burger launched in Singapore, its first market in South East Asia. Over 1,000 plant-based burgers a day have been sold during the launch event out of a food truck in a popular Orchard shopping area. The burger is now available at mezza9 …