The elephant in the alt protein room? What next for Freight Farms, forest carbon credits, fresh funds for BiomEdit, Eclipse, Puna Bio, Zucca


Everyone has a pet theory about what's gone wrong for alt meat. It's too processed, too expensive, too different from meat... or not different enough. But we may be missing the elephant in the room, claims ex-TiNDLE exec Andre Menezes.

“The fundamental issue is that there is no real underlying consumer demand to shift away from meat. If the price is right and consumers like the product, they don’t care if they are destroying the Earth.” So what does this mean for TiNDLE and the broader alt meat sector?

Elsewhere, we caught up with Amfora, which is helping regenerative farmers make a living from traditional olive oil production, and Growcer, which has acquired the assets of vertical farmer Freight Farms. Meanwhile, the ALDF discussed why it is suing USDA over climate-friendly beef ads.

Finally, there were fresh funds for animal microbiome expert BiomEdit, GenAI startup Zucca, precision fermentation specialist Eclipse Ingredients, and ag biologicals co Puna Bio.

Have a great weekend! Louisa, Elaine, and Jenn

P.S. Check out AgFunder's webinar with portfolio company Lumi AI on July 30 to explore how data and AI are being used by today’s top-performing retail and supply chain teams. Sign up here.

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Competition, price jumps expected as demand outpaces supply of European forest carbon credits

2025 is "a critical window for forward-looking companies to take action" on forest carbon credits, says project developer Arbonics. Jennifer Marston

BiomEdit raises $18.4m Series B to expand designer probiotics platform

Indiana-based BiomEdit is gearing up to launch its first product, an engineered probiotic designed to tackle necrotic enteritis in broiler chickens. Elaine Watson

Eclipse Ingredients secures $5m for its ‘capital-light’ spin on making human lactoferrin AgFunder portfolio co!

Eclipse can make "significant impact without needing huge volumes," says the firm. Jennifer Marston

Gates Foundation invests in Puna Bio to bring extremophile-based ag biologicals to Africa

The Puna Bio Series A round is the Gates Foundation's first investment in an Argentina-based startup, and will fuel international expansion. Jennifer Marston

Freight Farms customers find a new home as vertical farming co Growcer acquires the former’s assets

Freight Farms ceased operations on April 30 after a period of financial strain that included layoffs and a scrapped merger. Jennifer Marston

Acre Venture Partners bets on GenAI for NPD with Zucca investment: Tech will become ‘core to commercialization’ in CPG

In customer meetings, says Lucas Mann at lead investor Acre Venture Partners, "We were able to see folks recognize the incredible capability of the platform, even at this early stage.” Elaine Watson

Climate-friendly beef? ALDF sues USDA for records over ‘misleading’ Beef Checkoff environmental claims

According to the ALDF, USDA has "repeatedly approved" Beef Checkoff-funded ads with false and misleading claims about beef’s climate impact. Elaine Watson

The Week in AgriFoodTech: Remora Robotics nets $16m, Big Idea Ventures’ new cohort

Plus.. soil science company Regrow is making inroads into Brazil via a partnership with Embrapa. Jennifer Marston

From record Series A to market reset: Where TiNDLE Foods—and plant-based meat—go next

“The fundamental issue is that there is no real underlying consumer demand to shift away from meat,” says TiNDLE cofounder Andre Menezes. Elaine Watson

How Amfora is preserving ancient olive oil traditions—and bringing profit—to regenerative producers

Amfora's mission is to “honor the tradition of creating olive oil" and connect traditional farmers directly to customers to improve their bottom line. Jennifer Marston

Guest article: EU novel food delays. Why bureaucracy is choking off food innovation

EU novel food authorizations typically take 2.5 years, and sometimes up to six. For many startups, that’s a death sentence. By guest contributor Stephen O'Rourke

Guest article: The AI race has a lesson for African agri SME support

To move forward in the AI race, agtech needs to build the open-source, pre-competitive foundations that enable accurate, scalable solutions. By guest contributor Bernard Wright


Webinar: Advancing agtech with satellite connectivity

How does satellite connectivity bridge the digital divide in remote areas, enabling data transmission from even the most rugged environments? Join Globalstar, Spotter, and AgFunder at 10am EST on August 20 for an exclusive look at how satellite connectivity can assist with livestock and remote asset tracking, environmental sensing, smart irrigation, and logistics management with a special case study in Central Asia equine management.

Find out more and register here!

The realities of agrifoodtech investment in 2025: ‘Venture capital is not about being patient’

Those seeking agrifoodtech investment dollars must learn to de-risk their offerings while moving three to four times faster than before. Jennifer Marston

Little Leaf Farms CEO on building an indoor ag business: 'Any logical approach to growing a plant would include the sun'

"The greenhouse industry was here beforehand, it's here now, and it'll be here in the future," says Little Leaf Farms' founder Paul Sellew. Jennifer Marston

Can bio-based vitamin A give its petrochemical-based counterpart a run for its money?

Capra Biosciences has developed a novel method of producing retinol using engineered microbes fed on industrial side streams in novel bioreactors that it claims could compete with petrochemical-based production. Elaine Watson


How are cutting-edge analytics and AI reshaping the retail and supply chain landscape? Join guest speakers from Deloitte, Boston Consulting Group, and the former CEO of Daisy Intelligence at noon ET on July 30 in the latest installment of a new webinar series hosted by AgFunder and portfolio company Lumi AI to explore real AI use cases delivering ROI in the supply chain.

Register here!

Urban agriculture needs a business model revolution, not just more technology

Startup City

Flipping burgers this summer? They won’t be cheap.

Bloomberg

EU scrambles to safeguard food security as climate threatens protein supplies

Protein Production Technology

MAHA’s European food envy is full of contradictions

STAT

Global patent data reveals China’s years-long commitment to scaling up cultivated meat

GFI APAC

Trump's tariffs on Brazil could make your coffee even more expensive

CNBC

America’s whey protein obsession is transforming the dairy industry

New York Times

Enduring confusion is the only certainty amid Trump’s latest tariff threats

The Guardian

Mushroom leather startup tests muni risk level Featuring MycoWorks!

Bloomberg Law

Unlocking California almonds’ full potential: New research reveals novel, health-promoting compounds Featuring Brightseed!

Businesswire

Success story: Prince Manufacturing & Solinftec. Bringing agricultural innovation to life Featuring Solinftec!

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2025 Developing Markets AgriFoodTech Investment Report

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AgFunderNews

AgFunderNews reports on the evolution of the global food and agriculture system. By going beyond the headlines, we analyse the people, companies and technologies aiming to improve human and planetary health. Publishing daily news, our team of award-winning journalists delivers deeper insight on the growing foodtech, agtech and climate tech industries. A multimedia publication, AgFunderNews is a division of AgFunder Inc, one of the world’s most active agrifoodtech venture capital firms.

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The big news this week? Two high-profile alt protein startups have called it quits, with Planetarians blaming a "mismatch between the capital intensity required to scale breakthrough manufacturing innovation and the current investor appetite for foodtech" and NovoNutrients blaming the "shifting investment climate.” Both hope their tech finds a new home, however. Planetarians founder Aleh Manchuliantsau insists that "We’re specifically seeking acquirers who will actively utilize and develop...

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