Most of us have plenty of fermented foods in our kitchens: you can’t make tofu, chocolate, vinegar, or bread without the nice microorganisms that can be produced on a large scale.
Today, precision fermentation is an innovation in the alternative protein industry as food tech startups find better methods to cook eggs, dairy, meat and seafood in bioreactors that taste “real” and are reasonably priced.
Fermentation startups received $290 million of the $911 million that investors poured into alternative protein companies in the first quarter of 2022, according to the Good Food Institute, a non-profit organization that studies alternative proteins.
“To date, fermented meat, seafood, egg and dairy companies have raised more than $3 billion since GFI began tracking these investments in 2010,” says Kristin Hall, who took a deep dive into the sector this week. for TechCrunch+.
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Its history is a smorgasbord of food technology companies producing products such as bee honey and eggs that were not sourced from poultry. With so many early entrants in the alternative protein market on the supermarket shelves, food tech investors are licking their lips.
“There’s a lot of space here, and the winners may not be the names we know today,” said David Kestenbaum, general partner of ZX Ventures. “I think this will be the next generation of names that are coming up now.”
Thank you so much for reading TechCrunch+ this week. Happy June Day!
Senior Editor at TechCrunch+
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Dear Sophie! Which visa is best for starting a startup?
I am a founder from Germany. Our product immediately brings in about $200,000 a year. Our clients are primarily in the US and we do not plan to raise capital from investors.
I was looking at the new start-up visa option, as well as the E-2 and L-1B visas, and I was completely focused on building the product, so I’m not famous.
What is the best option for starting my startup in the USA?
– Changing the rules of the game in Germany
Fearless Fund’s Arian Simon on why recessions are common for minority founders
In the US, black women are the most entrepreneurial demographic, but they are also more likely to face a funding gap when they need access to capital.
Of the $330 billion in venture capital funding startups received last year, “fewer than five black women raised money after the Series A round, and Rihanna was one of them,” says Dominique-Madori Davis.
To level the playing field for minority women working in tech and consumer products, in 2019, entrepreneur Ariane Simone co-founded the Fearless Fund with business consultant Ayana Parsons and actress Keshia Night Pulliam.
To date, the fund has supported 31 companies, and despite the cold in the markets, it does not plan to slow down.
“Venture capital-backed companies have seen a lot of horror stories,” says Simone. “They are usually not bothered by the current macroeconomic climate.”
Is the consolidation of the technology industry in Southeast Asia expected?
The super app business model is paying dividends in Southeast Asia.
Grab’s “everyday app for everything” offerings run the gamut from grocery delivery to investment services; Malaysia-based AirAsia has renamed itself Capital A, expanding its offerings to include taxi services, food delivery and more.
These companies do not create new business units from scratch; they use strategic acquisitions to enter new markets and fend off competitors.
“As more tech companies turn to the super app business model for user retention and increased monetization, we can expect more inorganic expansion and consolidation in the coming years,” says Amit Anand, founding partner of Jungle Ventures.
Pitch Deck Teardown: $40M ERGeon Series B Deck
Need a new fence or driveway? ERGeon gives consumers the opportunity to purchase custom building projects that may be too small for a general contractor but are more than a do-it-yourself job.
Founder and CEO Jenny He, who just received a $40 million Series B, shared all 16 slides from his April 2022 presentation, including an edited growth trajectory slide that outlines the company’s path to $10 billion in revenue by 2027.
Crypto Founders Face Falling Value, Termination of Trades Amid Market Volatility
As the cryptocurrency markets trend down, the investors who just three months ago cajoled the web3 founders into a seat at the investment table are now playing out of reach, and the founders are paying the price.
Jacqueline Melinek reported that now that VCs are backing out of deals or revisiting previously agreed valuations, crypto founders are scrambling to raise funds as a recession looms and capital dries up.
“It’s shocking how willing VCs are to exploit people in this situation,” said one of the founders of a gaming crypto startup.
3 climate tech venture capitalists share how they find, validate and support carbon-reducing startups
This week at TC Sessions: Climate 2022, Tim De Chant sat down with three active climate technology investors to learn more about how they are finding new opportunities and what they are currently looking for.
- Kirsten Stead, Managing Partner at DCVC Bio
- Christian Garcia, Partner, Breakthrough Energy Ventures
- Pae Wu, SOSV General Partner, IndieBio CTO
“Our job is to take risks to a certain extent, and take risks on teams that we think are really talented,” Stead said.
“So that’s one part of the equation,” she added. “But the other side of the equation is that the world doesn’t benefit from anything if it can’t scale, if it can’t be funded, if it doesn’t have a big market and it’s not profitable.”
Why Software Estimates Might Drop Even More If Nothing Changes Soon
The value of tech companies — private and public — has plummeted as investors backed off.
But things are getting worse for software companies: yesterday the Fed raised the US interest rate by 75 basis points – the highest single rate hike since 1994 – and these startups are likely to soon feel the consequences directly on their valuation, writes Alex Wilhelm in The New York Times . Exchange.
“The idea that software multipliers are not on the cusp of the Lazarus redemption arc is grim for unicorns, many of which have been overpriced in the past year and given high price tags they have to match. The possibility of further compression of software multipliers just scares this cohort.”
Growing Business for SaaS Startups: 7 Lessons on How to Do It Right
“Many founders make the mistake of thinking that hiring a group of highly paid account managers (a fancy name for salespeople) is the same as going concern,” says Bill Binch, operating partner at Battery Ventures.
In an excerpt from his new book, Binch shares scenarios to help SaaS founders navigate the concept of “enterprise readiness,” as well as seven success factors he learned from working with “sales leaders, marketing managers, and CEOs who have gone through this evolution.” “. “.