Have we turned a corner for the sustainable food (and broader VC) funding environment after hitting the bottom?
A lot of the news Sonalie Figueiras and I talk about in this week's episode sure make it feel that way, with some bigger financing rounds and discussion of alternative forms of financing. The dolphin in the picture below is also pointing up, so that's got to be a good sign.
Topics discussed this week:
🍔 SCiFi Foods completes its commercial-scale production facility to bring hybrid beef one step closer to reality. After trying the product last year, I can vouch for hybrid products taking taste to a new level. Now it'll come down to cost. Joshua March, Kasia Gora
📃 We discuss potential alternative forms of financing for early stage companies that could make better sense for sustainable food companies. I've been digging deep on this topic, and the recent creation of the Future Profit Partnership Agreement by Ines Schiller Ⓥ and Melanie Schichan have led me down another rabbit hole
💸 Have we turned a corner on the bottom of the market? With a flurry of raises by Infinite Roots®, Voyage Foods, chunk foods, and C16 Biosciences, it sure feels like it. Also fortunate timing for me, as I got to try the Chunk steak while having lunch with Beatriz Franco last week
🔍 For the positive this week, I call out Savor's unique approach to transparency for a company creating food in an entirely new way - TikTok. If a company like this can be transparent with the world via one of the biggest social media platforms in the world, then maybe other companies should re-think the black box approach. Nice work to Henrik Bennetsen, Chiara Cecchini, and the team over there on setting the bar high on transparency
Link to this week's episode in the comments
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