Duckweed: Revolutionizing Food Tech and Ingredients

Bloomberg Technology
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In a forward-thinking initiative, a company has turned to duckweed, also referred to as water lentils, as a sustainable alternative in food tech. By focusing on the food industry’s increasing demand for natural ingredients over synthetic alternatives, they aim to leverage Rubisco, a prevalent protein found in leafy greens. The pursuit of $30 million will help expand their West Texas manufacturing facility to meet consumer needs better. With FDA reviews underway and European Food Safety Authority approval expected by late 2025, the company stands at a pivotal moment in navigating the competitive food tech landscape. Their strategic partnerships, notably with brands valuing integrity in food production, showcase a promising future for duckweed as a game-changer in creating healthy and allergen-free recipes. The ongoing quest for funding reflects a larger trend as investors are drawn to de-risked technology and market opportunities, further solidifying the potential of duckweed in modern food solutions.
Highlights
  • β€’ Duckweed, or water lentils, is gaining traction in food technology.
  • β€’ Rubisco, an abundant protein found in leafy greens, serves as a base ingredient.
  • β€’ The company aims to raise $30 million to scale up manufacturing in Texas.
  • β€’ FDA approval is in process, with hopes for European approval by 2025.
  • β€’ Investors have shown interest due to demonstrated technology de-risking.
  • β€’ Chipotle is mentioned as a strategic partner focusing on clean label foods.
  • β€’ The company has already launched products containing their duckweed-based ingredient.
  • β€’ The demand for natural ingredients is increasing in the food industry.
  • β€’ The journey reflects current trends in AGTECH investment fluctuations.
  • β€’ Navigating capital raising in food tech requires showing product market fit.
* dvch2000 helped DAVEN to generate this content on 11/18/2024 .

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