FT articel from today4 Jul 2023 15:32
Venture capital funds cool on plant-based meat start-ups: ...
" However, venture capital firms have not given up the sector altogether. While funding for plant-based alternatives has fallen, investors have backed start-ups developing lab-grown and fermented protein alternatives.
Companies developing such products secured $356.6mn across 30 deals in the first quarter, according to PitchBook.
Andrew Ive, founder of food tech investment firm Big Idea Ventures said that despite the more difficult environment investors were looking for technologies that created “bio identical” products — those that were indistinguishable from real meat. “We can get there today using cultivated and fermentation, but we are unable to get there with plant-based,” said Ive. "
good to see the market and journalists understanding the difference between the technologies