GFI Executive Director Bruce Friedrich explains how new forms of meat production can help address some of the greatest global challenges of our time.
Cargill participated in Aleph Farms' Series A funding round, which raised $11.65 million for the cell-based steak producer. Jon Nash, president of Cargill Protein-North America, said, "We have a responsibility to look at all innovations that can help us feed the world."
This is the largest fundraising round for a plant-based meat company in history, bringing Impossible Foods' total funding to $750 million and market valuation to $2 billion.
Thirteen billion dollars were invested in U.S. plant-based meat, egg, and dairy companies in 2017 and 2018 alone. Eleven cell-based meat companies were founded in 2018.
The biggest fast-food chains are taking note of the incredible consumer demand for plant-based options, and upgrading their menus accordingly.
"If we can start to positively influence the global food consciousness by making sure that there are more sustainable, nutritious, and accessible food options in our buildings, that could have a real impact," said WeWork Food Labs Manager Tessa Price.
Greenleaf Foods has broken ground for North America's biggest plant-based protein facility.