Most of us have a variety of fermented foods in our kitchen: you can’t make tofu, chocolate, vinegar or bread without nice microorganisms that can be produced on a large scale.
Today, precision fermentation is an innovation in the alternative protein industry, as beginners in food technology find the best methods for cooking eggs, dairy, meat and seafood in bioreactors that taste like the ‘real thing’ – and are on similar price.
According to The Good Food Institute, a nonprofit that studies alternative proteins, fermentation startups received $ 290 million out of $ 911 million that investors turned down from alternative protein companies in the first quarter of 2022.
To date, meat, seafood, egg and dairy companies have raised more than $ 3 billion since GFI began tracking these investments in 2010, said Christine Hall, who took a closer look at the TechCrunch + sector. this week.
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Its history is a mixture of food technology companies that brew products such as honey without bees and eggs that do not come from poultry. Now that so many early participants in the alternative protein market are on supermarket shelves, food technology investors are licking their lips.
“There’s a lot of room here, and the winners may not be the names we know today,” said David Kestenbaum, general partner at ZX Ventures. “I think this will be the next generation of names that appear now.”
Thanks a lot for reading TechCrunch + this week. Happy June!
Senior Editor, TechCrunch +
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Do you have questions about startup layoffs?
please join me on tuesday, june 21 at 11:00 PT / 14:00 ET for Twitter space with Matt Hoffman, partner and talent manager at M13.
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Dear Sophie: Which visa is best for a start-up?
I am a founder from Germany. Our product already generates about $ 200,000 a year right away. Our clients are mainly based in the United States and we do not plan to raise capital from investors.
I was looking at the new starting visa option and the E-2 and L-1B visas and I was pretty focused on creating the product, so I’m not known.
What is my best option for starting my startup in the US?
– Change the game in Germany
Arian Simon of the Fearless Fund on why downturn is common business for minority founders
In the United States, black women are the most entrepreneurial demographic, but they are also more likely to run out of funding when they need access to capital.
Of the $ 330 billion in venture funding that startups received last year, “less than five black women raised money after the Serie A stage and one was Rihanna,” said Dominic-Madori Davis.
To help level the playing field for minority women working in technology and consumer packaging, entrepreneur Arian Simone co-founded the 2019 Fearless Fund with business adviser Ayana Parsons and actress Keshia Knight Pulliam.
The fund has supported 31 companies so far and despite the cold markets, there are no plans to slow down.
“Risk-backed companies have seen their share of horror stories,” Simone said. “They are not usually shaken by the current macroeconomic climate.”
Is the consolidation of the technology industry in Southeast Asia on the horizon?
The super application business model pays dividends in Southeast Asia.
Grab’s proposals, the “everyday app”, cover the range from grocery delivery to investment services; Malaysia-based AirAsia is rebranding itself as Capital A as it expands its offerings to cover transportation, food delivery and more.
These companies do not build these new business units from scratch: they use strategic acquisitions to enter new markets and fence off competition.
“As more and more technology companies pursue the super application business model to retain consumers and increase monetization, we can expect more inorganic expansion and consolidation in the coming years,” said Amit Anand, founder of Jungle Ventures.
Demolition of the Pitch Deck: Ergeon’s $ 40 million deck from the B-Series
Do you need a new fence or alley? Ergeon gives consumers a way to buy custom construction projects that may be too small for a general contractor, but are more than a do-it-yourself job.
Recently with $ 40 million Series B, founder and CEO Jenny. He shared all 16 slides from their April 2022 test, including an edited growth trajectory slide that outlines the company’s path to $ 10 billion in revenue by 2027.
The founders of cryptocurrency are facing falling estimates, deals on the background of market volatility
As cryptocurrency markets are shrinking, investors who three months ago aspired to the founders of web3 to take a place on the capital table are now playing hard to win, and the founders are paying the price.
As venture capital is now abandoning deals or renegotiating pre-agreed estimates, cryptocurrency founders are struggling to raise as the recession looms and capital dries up, Jacqueline Melinek said.
“It’s shocking how much venture capital is willing to benefit people in this situation,” said one of the founders of cryptocurrency gaming.
3 Climate Venture Companies Share How to Find, Verify and Support Carbon Reduction Startups
This week at TC Sessions: Climate 2022, Tim De Chant spoke with three active climate technology investors to learn more about how to identify new opportunities and what they are currently looking for.
- Kirsten Stead, Managing Partner, DCVC Bio
- Christian Garcia, Partner, Breakthrough Energy Ventures
- Pae Wu, general partner in SOSV, CTO of IndieBio
“Our job is to take a risk, to some extent, and take a risk in teams that we think are really talented,” Stead said.
“So that’s part of the equation,” she added. “But the other side of the equation is that the world doesn’t benefit from anything unless it can scale, unless it can be funded, unless there’s a great market with it, and that’s profitable.”
Why software ratings may fall more if things don’t change soon
The value of technology companies – private and public – has fallen sharply as investors take a step back.
But things are getting worse for software companies: The Fed raised US interest rates by 75 basis points yesterday – the highest one-time interest rate increase since 1994 – and these startups are likely to feel the effects directly on their estimates soon, writes Alex Wilhelm. in The Exchange.
“The idea that the multitude of software is not on the verge of Lazarus’ redemption is grim for unicorns, many of whom were overvalued last year and received expensive prices to meet. The possibility of further compressing software multipliers is appalling for this cohort.
Growing Enterprise for SaaS Startups: 7 Lessons on How to Do It Right
“Many founders make the mistake of thinking that hiring a bunch of high-paying account managers (a sophisticated merchant name) is the same as starting a business,” said Bill Binch, an operational partner at Battery Ventures.
In an excerpt from his new book, Binch shares scenarios that will help SaaS founders tackle the concept of enterprise readiness, along with seven success factors he has derived from working with sales leaders, marketing managers and executives. directors who have gone through this evolution. ”