Food tech company Mori has successfully raised $50 million Series B1 funding to further develop and expand its shelf-life extending product line. This round was led by Prelude Ventures and included previous investors The Drawdown Fund, Acre Venture Partners, The Engine, Refactor Capital, Blindspot, Closed Loop Partners, Knollwood Investment Advisory as well as new investors Collaborative Fund and Thia Ventures. This additional capital will help the supplier meet its goal of reducing waste and … [Read more...] about Mori secures Series B1 funding for shelf-life extension solutions
ingredients innovation
Capsoil FoodTech platform converts oil to water-soluble powder
Capsoil FoodTech, established by natural fruit extracts and concentrates supplier Prodalim Group, is introducing a breakthrough in the functional food and beverage space. Its proprietary technology can process bioactive oil compounds into self-emulsifying powders. This allows manufacturers to easily integrate nutritional oils, lipid-based nutrients and fat-soluble vitamins into their own product portfolios. This particular process doesn’t involve extraction, solvent or heat and doesn’t … [Read more...] about Capsoil FoodTech platform converts oil to water-soluble powder
Kerry to acquire biotechnology innovation companies
Taste and nutrition company Kerry announced that it has reached agreements to acquire two leading biotechnology companies: c-LEcta and Enmex. These acquisitions are set to expand Kerry’s expertise, manufacturing capacities and tech portfolio. Germany-based c-LEcta produces high-value targeted enzymes and ingredients, with its functional bioactives utilised in the food and beverage space. It focuses on precision fermentation, optimised bio-transformation and bio-processing. On the other … [Read more...] about Kerry to acquire biotechnology innovation companies