Plant-based salmon startup capitalizes on rising interest in fake seafood
Publishing timestamp: 2023-02-07 12:36:59
Summary
Plant-based fish is just beginning to become popular, with investment in the sector reaching $178.2 million in the first half of last year. Companies like Plantish, Sophie's Kitchen, Gardein, Good Catch, and Toronto-based startup New School Foods are entering the market with faux fish offerings. New School Foods has developed a technology that allows them to create muscle fibers entirely from plants and assemble them into larger structures like whole cuts of meat. The product is backed by investors like Lever VC, Blue Horizon, Hatch, Good Startup, Alwyn Capital, and Joyance Partners, and has raised $12 million so far.
Sentiment: POSITIVE
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Keywords: business news, beyond meat inc, restaurants, climate,
Source: https://www.cnbc.com/2023/02/07/fake-seafood-industry-getting-big-investment-dollars.html