Foie gras from fungi

PLUS: $80M grant for climate-friendly farming

Before we jump into todays edition, our hearts go out to the Israeli community who suffered horrific and unacceptable terrorist attacks, leading to devastating losses and civilian casualties over the last few days.

Our team was devastated by the personal tragedies and stories we heard from members of our Israeli communities who had to step back from their professional duties this week.

Incredible founders and builders with big hearts and ambitions, caught in a spiral of violence we can only hope to see come to an end.

As we hope for better days and a more secure future, its never too late to check-in on your friends, business partners and fellow founders.

This Week in Food:

Cheese from peas
儭 Beanless espressos
World first seafood tasting

The Digest

Credit: Brick Meets Click

Whats up? A new report from Brick Meets Click shows that pick up is on the rise as the preferred option for online grocery shoppers.

Whats down? Data from Kantar shows that UK grocery price inflation has fallen to its lowest level in over a year to 11%.

California Governor Gavin Newsom has signed a bill banning the use of four ingredients - Red No. 3, brominated vegetable oil, potassium bromate and propylparaben - from 1st January 2027.

Good Read: Synthesis Capital shared this great read on previous adoption S-curves in food technologies.

A new study published in Frontiers in Communication finds that using masculine language or attributes to describe vegan dishes sparked mens interest in plant-based foods.

4儭 4 tips from Forbes on how to raise Corporate Venture Capital.

This graph shows the carbon footprint of your favourite drinks.

Funds x Funding

Credit: Wanda Fish

Virginia Techreceived a grant of $80 million from the United States Department of Agriculture to help farmers implement climate-friendly practices that could significantly reduce greenhouse gasses.

恫溘French precision fermentation company Bon Vivantsecured 15 million in an oversubscribed seed round led by Sofinnova Partners, Sparkfood, and Captech. Heres how it will use the funds.

氣授Israeli food tech Wanda Fish Technologiesraised $7 million seed funding to optimise its technology and accelerate the scalability of its cultivated whole-cut filet of bluefin tuna.

返 Catalonias Department of Climate Action, Food and Rural Agenda, and the Institute of Agri-Food Research and Technology have made an historic 7 million investment into Spains first Center for Innovation in Alternative Proteins, which will focus on alternative ingredients, food, and feed.

The University of Nottingham and its spinoff The Good Pulse Companyreceived a 瞿300,000 grant from Innovate UK to further their research into making nutritious plant-based cheese from UK-grown yellow peas.

See all 14 funds and funding rounds from this week including Shark Tanks low calorie chocolate and Lanchs food delivery brands for influencers.

Beyond the fundamentals of seed investing, how can investors identify the outliers? Giuseppe Stuto of 186 Ventures explains how, here.

Beanless Espressos

Credit: Atomo

儭 Seattle-based Atomo unveiled the worlds first beanless espresso and is set to open a facility next year that will be able to produce four million pounds (around 80 million cups) of ground coffee made from upcycled date pits a year. Heres where you can try it.

喫授Dutch B2B ingredients firm Vivici has successfully scaled its platform to produce animal-free beta-lactoglobulin, which is the key whey protein found in dairy, and is working towards US regulatory approval.

Germanys Esencia Foods, which uses solid-state fermentation to create whole-cut whitefish, hosted Europes first tasting of mycelium-derived seafood at the Anuga fair in Cologne. So, how does it look when cooked?

Cultivated pet food producer BioCraft Pet Nutrition unveiled its new proprietary AI-powered tool that accelerates its R&D process to achieve optimal cell proliferation and nutrient production.

Californian startup Prime Roots is partnering with French artisanal charcuterie maker Fabrique D矇lices to develop and distribute a range of fungi-based koji-p璽t矇s and koji-foie gras for foodservice. Check out the backstory.

Plant Based

Credit: Heura

返蜃Barcelona-based Heura unveiled its 100% plant-based Jam籀n York style slices, made with just ten ingredients, which are set to launch in Spain and France.

UK vegan fried chicken company VFC is acquiring British plant-based pie maker Clives Purely Plantsfor an undisclosed sum, in a move that expands its position from an alt-meat company to a plant-based food producer.

Plant-based brand Wicked Kitchen is expanding into Asda stores across the UK, marking a major retail milestone.

Israels Chunk Foods is bringing its signature Chunk Steak to Philadelphia-based vegan comfort food restaurantMonster Vegan, and is partnering with US plant-based food distributor Ace Natural to further expand its US presence. In the US? Heres where you can try it next.

Big Food

Credit: GEA

GEA, one of the world's largest systems suppliers for the food, beverage and pharmaceutical sectors, has developed a digital twin for virtual testing of bioreactors prior to their construction, to ensure they provide a prime growth environment for cultivated cells.

Molson Coors has collaborated with a panel of Gen Z consumers to create Happy Thursday, a new range of fizz-free spiked refresher beverages aimed at young drinkers.

UK supermarket Waitrose is to power specially-designed tractors at its Leckford Estate farm with methane produced by cow manure, harvested in a new biomethane storage plant.

Lidl Germany announced that the majority of its own-brand vegan range, Vemondo, will be priced equally to and merchandised adjacent to products of animal origin across all of its stores.

Mitch Lee of Purezza asks how fast should fast food be, and at what cost?

HackTrends: Air Conditioning

Air con is bad news for the planet. And thats a problem. Air conditioner use is set to triple worldwide by 2050, from 1.6 billion units today to 5.6 billion units by the middle of this century, according to the International Energy Agency. So lets take a look at the companies looking for smarter, more sustainable routes to cool down our homes and workplaces.

Discover in the fullHackTrends Report:
- 2x case studies (Transaera, AtmoCooling)
- The why, the challenges and the figures behind the space
- List of 22 companies cooling us down without warming up the planet
- Expert insights from Paul Mahacek and Sonalie Figuieras

From the Community

Get a job in FoodTech:
- ProteinDistillery (Germany) are recruiting a Strategic Finance Associate
- Greencovery (Netherlands) are hiring a Food Technologist
- ShakeUp Factory (France) are looking for an Intern Program Manager

Join us at a FoodHack Meetup this month in Valais (16th), Brussels (19th), New York (26th). See all upcoming Meetups

Calling Female Founders: Join the next Office Hours to meet 300 fellow founders and 4 investors for pitching and mentoring.

劾胡oin Swissnex in San Francisco for their 20th anniversary celebration taking place in Basel, 24th October on the future of urban food systems. Sign up for free.

Do you need a Plan B after you failed to raise a round? Here are 4options.

儭 Are you an early-stage food and ag tech female founder who has raised less than $1M in capital? Pitch an all-star group of VCs for the chance to win $25K USD in equity-free capital + platinum pass & flight to SXSW 2024.

Just for fun: Lets bake it happen, have your term sheet and eat it too.

Wishing you better days ahead

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Curated by Nicola and Laura

Until next time - Stay Hungry