Ledger. Australian venture funding, tracked

CEO · Founder, Fable Food

Michael Fox

Coverage

Stories naming Michael Fox. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.

3 deals

Plant-based meats venture ProForm Foods in voluntary administration

KPMG administrators took control of ProForm Foods, the company behind the Meet brand, and the piece recalls earlier raises at v2food and All G Foods as the plant-based sector cools.

4 deals

Burgers and acquisitions: All G Foods spins out plant-based meats in merger with Fenn Foods

All G Foods spins its Love Buds plant-based range into a merger with Fenn Foods' vEEF, forming a new entity; All G pivots to fermented dairy, with both companies' earlier raises recapped.

2 deals

v2food, one of the biggest local names in fake meat, has changed strategy after its founder departed

Plant-based meat maker v2food changed course and is shutting its Wodonga factory after founder-CEO Nick Hazell's departure, with Tim York now chief executive; the story recalls its two Series B raises.

2 deals

Osher Günsberg & ethicist Peter Singer back mushroom 'meat' startup Fable Food Co in $12.3 million Series A

Queensland mushroom-based meat alternative maker Fable Food Co raised a Series A led by K3 Ventures, with celebrity and existing investors, to fund product development and expansion into North America, the UK and Singapore.

Series A $12.2m

Fable Food Co’s founder on $12 million raise, US expansion, and why shrooms trump all alt meats

Mushroom-based meat alternative maker Fable Food Co has raised a Series A to fund US and UK expansion, with its founder arguing fungi products beat soy and pea protein rivals on taste, price and health.

Also Startup Daily·AgFunderNews

2 deals

Fable Food lands Series A for its mushroom-based meat alternatives

Australian mushroom-based meat maker Fable Food raised an $8.5 million Series A led by K3, with returning and new backers, to fund product development and expansion into North America, the UK and Singapore.

Also AgFunderNews·AgFunderNews

3 deals

Mike Cannon-Brookes tips $200 million into renewables finance company Infradebt

Atlassian's Cannon-Brookes, via his family firm Grok Ventures, has invested $200 million in renewables project financier Infradebt days after his AGL bid was rejected; the capital is already funding a Queensland battery project.

Also Startup Daily·Startup Daily

2 deals

Fake meat startup All G scores bigger Woolies backing

Woolworths' corporate venture arm W23 has added an undisclosed multi-million-dollar investment to its backing of Sydney alt-protein maker All G Foods, which had earlier raised a $16 million seed round in late 2021.

Also AgFunderNews·@AuManufacturing·SmartCompany·Startup Daily·Startup Daily·AgFunderNews

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