The start-up develops affordable, natural, healthy flavour-bases, using modalities based on traditional, multi-stage, multi-species, solid-state fermentation of plant protein
Seed-stage fund FoodSparks By PeakBridge has invested in Mediterranean Food Lab, an Israeli foodtech start-up creating plant-based meaty flavour-bases.
The Mediterranean Food Lab develops affordable, natural, healthy flavour-bases, using modalities based on traditional, multi-stage, multi-species, solid-state fermentation of plant protein.
The company stated that the round will allow it to develop its R&D efforts and scale-up its technology.
BZ Goldberg, chief executive of Mediterranean Food Lab, said: “MFL is excited for this important investment by PeakBridge-FoodSparks which will enable us to optimise next generation highly delicious flavour solutions for a wide range of meat replacement needs, develop a plan to scale up production, advance regulatory approval, and pave the way for meaningful engagement with our customers. We are certain that PeakBridge’s industry knowledge and network will be instrumental in helping MFL attain our far-reaching goals.”
Yoni Glickman, managing director of FoodSparks, added: “The last few years have seen tremendous advances in the alternative and plant protein spaces. New technology and consumer uptake have reached new heights; however, taste, texture, and flavour remain central to the consumer experience. Additional breakthroughs are needed in these disciplines to further accelerate the alternative protein market. We are excited to work with MFL as their discovery platform creates solutions which are natural, clean label and transport vegan and vegetarian dishes to a new level of deliciousness”.
PeakBridge Partners manages foodtech funds worldwide, focusing on innovative, scalable, and ESG-positive companies with protectable technologies that improve human nutrition and the food production value chain.
Date published: 12 October 2021