Ledger. Australian venture funding, tracked

Startup · $72m raised

v2food

Sydney, NSW

Coverage

Stories naming v2food. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.

News

Sydney Startup Hub rent bill owed to the NSW government pushes Fishburners into administration

Fishburners, the Sydney not-for-profit co-working community, has gone into voluntary administration over a long-running rent debt to the NSW government. KPMG administrators will keep it trading while pursuing a sale and recapitalisation.

Funding announcement

v2food buys up US company Daring Foods for undisclosed amount

Australian plant-protein maker v2food bought US plant-based chicken firm Daring Foods and struck a partnership with Japan's Ajinomoto, price undisclosed. The page also recalls v2food's $77 million Series B and local industry failures.

Unnamed stage $1.1m

Algenie emerges from stealth with next-gen bioreactor it claims can unlock algae's potential in feed, bioplastics, and fuel

Australian algae startup Algenie raises A$1.1 million from University of Technology Sydney and Better Bite Ventures while unveiling a thin-layer photobioreactor designed to make algae production dramatically cheaper for fuels, plastics and feed.

Also SmartCompany

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.

7 deals

The Week in AgriFoodTech: Agrotoken closes Series A, John Deere & SpaceX team up, MaxAB merges with Wasoko

Weekly agrifoodtech roundup covering Agrotoken's Series A, raises by Mediterranean Food Lab, Better Juice, Burro, SeeTree and farm-ng, the MaxAB–Wasoko merger, v2food's brand acquisition, a Flashfood CEO change, and Drizly's shutdown.

6 deals

Australia's climate tech industry is booming, but it could bust without funds

Feature on Australia's fast-growing climate tech sector, recounting raises at companies including Neara, Loam Bio, Goterra and Great Wrap, and warning that scarce growth capital and limited foreign investment could stall the industry.

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.

15 deals

The Week in AgriFoodTech: Pure Salmon nabs $507m, FreshToHome bags $104m, more layoffs for agrifood

Weekly agrifoodtech roundup covering funding rounds for Pure Salmon, FreshToHome, SwarmFarm and others, acquisitions of Delphi and Soylent, layoffs at Impossible Foods and GreenLabs, and plant-based labeling news.

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.

Funding announcement

Australia's Vow is writing a new narrative for the cultivated meat industry

Sponsored profile of Sydney cultivated meat company Vow, covering its quail-based first product, recent Series A backing, manufacturing plans, and founder George Peppou's upcoming panel appearance at AgriFutures' evokeAG 2023 event.

Funding announcement

High-tech twist on the rain dance sparks a shiitake storm

Profile of Cairns startup Rainstick, which uses artificial lightning to boost mushroom growth. It won $20,000 from Dream Ventures, has taken in $200,000, and joined CSIRO's ON Accelerate with nine other teams.

Series B $26.8m

Vegan R.M. Williams one step closer to reality after Andrew Forrest's firm invests $26.8 million in plant-based textiles

Tattarang, Andrew Forrest's investment firm and R.M. Williams parent, has put $26.8m into Natural Fiber Welding's Series B; the US materials startup's Mirum leather substitute may reach the bootmaker's vegan lineup.

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

Fund close $250m

Fund 2 Announcement

Australia's Main Sequence has pulled in A$250 million for its second deep tech fund, with existing backers returning and a sharpened emphasis on decarbonisation investments.

Something wrong? Tell us