fermentation

Enterprise, Startups, Venture

“Revolutionary Plant-Based Egg Producer Onego Bio Nears Breakthrough in Conventional Egg Industry”

In 2023, higher egg prices provided an opportunity for alternative protein companies to show they could compete with traditional egg manufacturers. At this capacity, Onego Bio is close to reaching competitive price points to traditional ways of making egg proteins, she added. Onego Bio claims Bioalbumen is “bioidentical” to ovalbumin, which is the major protein in chicken egg white. In preparation for this, Onego Bio recently secured $40 million in Series A funding to get Bioalbumen to market and increase manufacturing capabilities. Tomosaku Sohara, managing partner of Nordic Ninja said in a statement: “Onego Bio is taking all the right steps to commercialize in record time … with a clear path to industrialization, go-to-market and profitability.

Max Chen
April 2, 2024

Uncategorized

“Plant-Based Cream from Cultivated Biosciences Set to Hit the Market in 2025”

Cultivated Biosciences, a Swiss biotechnology food startup says it has solved this with the development of its yeast cream, derived from a specific type of oleaginous yeast, that mimics the texture and mouthfeel of traditional cream. This method is also non-GMO and is easier to scale, said Lucie Rein, chief commercial officer at Cultivated Biosciences. Cultivated Biosciences is designing its end product to go into consumer products, for example, like coffee creamers, milk and ice cream. We also replaced the whitening agents, so we actually replace everything, and we stay stable.”Over the past year, Cultivated Biosciences has worked on scaling. Cultivated Biosciences is joining them, having raised another $5 million recently.