Most of us have a wide variety of fermented food products in our kitchens: you can’t make tofu, chocolate, vinegar or bread without the palatable microorganisms that can be produced on a large scale.
Today, precision fermentation is revolutionizing the alternative protein industry as food technology startups find the best methods to incubate eggs, dairy, meat and seafood in bioreactors taste like “the real thing” – and cost about the same.
According to The Good Food Institute, a nonprofit that researches alternative proteins, fermentation start-ups received $290 million out of a total of $911 million invested in the companies. provide alternative protein in the first quarter of 2022.
To date, fermented meat, seafood, egg and dairy companies have raised more than $3 billion since GFI began tracking these investments in 2010, says Christine Hall. ,” said Christine Hall, who took a closer look at the field for TechCrunch+ this week.
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Her story is a consortium of food technology companies that make products like bee-free honey and poultry-free eggs. Now that so many of the early entrants into the alternative protein market are on supermarket shelves, food tech investors are licking their lips.
“There was a lot of room here and the winners might not be the names we know today,” said David Kestenbaum, general partner at ZX Ventures. “I think it’s going to be the next generation of current names.”
Thanks so much for reading TechCrunch+ this week. Have a nice sixteenth day!
Walter Thompson
Senior Editor, TechCrunch +
@yourprot character
Do you have questions about startup layoffs?
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Please join me on Tuesday, June 21 at 11 a.m. PT / 2 p.m. ET for Twitter Space with Matt Hoffman, partner and Head of Talent at M13.
Matt helps companies build innovation cultures that scale with their businesses. In this conversation, he’ll share tips for creating processes that can help managers ensure that segregated employees are treated ethically.
This is open to managers and staff, so please post your questions in Space and we’ll reach out as much as we can.
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Dear Sophie: Which Visa is the Best to Start a Startup?
Image credits: Bryce Durbin / TechCrunch
Dear Sophie,
I am the founder from Germany. Our product generated around $200,000/year immediately. Our clients are mainly from the US and we have no plans to raise capital from investors.
I was looking at options for the new startup and E-2 and L-1B visas, and I was pretty focused on building the product, so I wasn’t that famous.
What are my best options for launching my startup in the US?
– Game changer in Germany
Fearless Foundation’s Arian Simone on why recessions are business normal for minority founders
Image credits: Fearless Foundation
In the US, black women are the most entrepreneurial demographic, but they are also more likely to fall into shortfalls when they need access to capital.
Of the $330 billion in VC funding startups received last year, “less than five Black women have raised Series A money and one of them is Rihanna,” according to the report. Reported by Dominic-Madori Davis.
To help level the playing field for minority women working in tech and consumer packaged goods, entrepreneur Arian Simone co-founded the Fearless Foundation in 2019 with business advisor Ayana Parsons and actress Keshia. Knight Pulliam.
The fund has backed 31 companies to date, and although the market is freezing, it has no plans to slow growth.
“The venture-backed companies have seen their fair share of horror stories,” said Simone. “They are usually not confused by the current macroeconomic situation.”
Will Southeast Asia’s Tech Industry Consolidate?
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The super app business model is paying off big in Southeast Asia.
Products from Grab, the “everything everyday app”, run from grocery deliveries to investment services; Malaysia-based AirAsia has rebranded itself as Capital A as it expands its offerings into ride-hailing, food delivery, etc.
These companies are not building these new business units from scratch: they are using an acquisition strategy to enter new markets and outshine the competition.
Amit Anand, founding partner of Jungle Ventures said: “As more and more tech companies look to the super app business model to retain users and increase monetization, we can expect growth more inorganic expansion and consolidation in the coming years”.
Pitch Deck Teardown: Ergeon’s $40 Million Series B Deck
Image credits: Ergeon (Opens in a new window)
Need a new fence or driveway? Ergeon offers consumers a way to purchase bespoke construction projects that may be too small for a general contractor but is more than a do-it-yourself job.
Fresh out of $40 million Series B, founder and CEO Jenny He shared all 16 slides from their April 2022 doc, including the bullish trajectory slide. The recompiled growth outlines the company’s path to $10 billion in revenue by 2027.
Crypto Founders Face Falling Valuations, Dragged Trades Amid Market Volatility
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As the crypto market was trending downward, investors sought out web3 founders to get a cap seat not long ago, now playing hard to get and the founders establishment is paying the price.
With VCs now backing out of deals or renegotiating previously agreed valuations, crypto founders are trying to raise capital as the downturn flares, Jacquelyn Melinek said. exhausted capital.
“It is shocking that VCs are willing to take advantage of people in this situation,” said a founder of a gaming crypto startup.
3 climate tech VCs share how they find, test, and support carbon-reducing startups
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This week at TC Sessions: Climate 2022, Tim De Chant spoke with three active investors in climate technology to learn more about how they identify new opportunities and what they are looking for at the moment. this.
- Kiersten Stead, Managing Partner, DCVC Bio
- Christian Garcia, partner, Breakthrough Energy Company
- Pae Wu, general partner at SOSV, CTO of IndieBio
“Our job is to take risks, to some extent, and risk 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 get to benefit from anything unless it can scale, unless it’s financeable, unless there’s a great market for it, and it’s profitable.”
Why software pricing could fall even more if things don’t change soon
Image credits: Nigel Sussman (Opens in a new window)
The value of tech companies – private and public – has plummeted 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 rate hike since 1994 – and startups These businesses may soon feel the direct effects of their valuations, writes Alex Wilhelm in The Exchange.
“The idea that the software multiplier isn’t at the top of a Lazarus buy-out round is a bleak thing for unicorns, many of which were revalued last year and have a hefty price tag they have to pay. living. The possibility of more compression software is extremely scary for this group. “
Business development for SaaS startups: 7 lessons on how to do it right
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Bill Binch, managing partner at Battery Ventures, said: “Many founders make the mistake of thinking that hiring a team of well-paid account executives (a fancy name for salespeople). goods) is the same as ‘business up to date’.
“It can’t.”
In an excerpt from his new book, Binch shares scenarios that will help SaaS founders tackle the concept of “business readiness,” along with the seven success factors he’s gathered. while working with “sales leaders, marketing executives, and CEOs who have gone through this evolution. ”
