Fall Line Capital reposted this
Israeli startup Chunk Foods is moving into the retail market in the US via independent retailers in Los Angeles and New York City and eyeing an e-commerce launch before the end of the year to bring its plant-based whole cuts to consumers nationwide. Despite lackluster sales in the plant-based category at US retail, says founder and CEO Amos Golan. “We’ve found that US retailers are still quite open to new players, especially when you’re offering something truly innovative that checks many of the boxes consumers are looking for." To make its whole cuts, Chunk Foods ferments soy flour with food-grade microorganisms in a proprietary solid state fermentation process. This is cheaper than using high-moisture extrusion or submerged fermentation, and is highly tunable, claims Golan, who has raised around $24.5m from backers including Cheyenne Ventures and Fall Line Capital since founding Chunk Foods in 2020. #foodtech #plantbased #alternativeproteins #plantbasedmeat #meatalternatives #fermentation AgFunder