Paleo
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Paleo

https://www.paleo-taste.com/
Last activity: 29.03.2024
Categories: WaterTechProductionProductMarketITHealthTechFoodTechEnvironmentalAlternativeAgriTech
Conventional meat production has an immense environmental cost, from its production of greenhouse gases, energy and land use, to its heavy reliance on antibiotics, hormones, and water. Meat consumption accounts for ~15% of global GHG emissions and is the biggest single contributor to biodiversity loss. Though there are many sustainable plant-based meat and fish alternatives on the market, taste and nutrition remain the largest roadblocks. Lab-grown meat is also in the process of being rapidly developed, but it’s unlikely to be widely available on the market by 2030. As such, researchers and companies are searching for alternative, scalable methods of producing animal proteins. Paleo develops new functional ingredients to improve plant-based meat and fish alternatives. Through precision fermentation, Paleo produces meat and fish proteins which are 100% bio-identical to animal proteins and 100% GMO-free. Precision fermentation is a proven, versatile and scalable technology that uses micro-organisms, such as yeasts, to produce selected target proteins. Most importantly, compared to conventional farming of animals, precision fermentation has a significantly lower environmental impact. Paleo focuses on replicating myoglobin, a protein present in animal muscle tissue. By using myoglobin, they create a flavor profile that is closer to that of real meat, while also delivering important nutrients such as iron. Their portfolio currently includes myoglobin proteins from six animals: beef, chicken, pork, lamb, tuna, and even mammoth! Paleo plans to sell their product to businesses offering plant-based meat and fish alternatives, which can then be added to their products prior to distribution. Tapping into a vast cost-effective climate opportunity: Recent analysis points out that investing in the alternative protein segment has the highest CO2e savings per dollar of invested capital of any sector, including transportation or buildings. Due to the scalability of precision fermentation, Paleo anticipates being able to bring emissions down quicker than other market alternatives by producing essential ingredients cost-effectively and sustainably. Cracking “real taste” and driving new demand: Research predicts that if plant-based products advance in taste, texture and price they could replace 11%-22% of all meat, seafood, eggs and dairy consumption around the globe by 2035. Paleo is working to make that happen: Adding myoglobin to plant-based meat alternatives is a game changer that brings the experience to that of ‘real’ meat. You can smell it, you can taste it, and you can see it. It will make alternatives an attractive option for even the most skeptical consumers, significantly reducing meat consumption across the board. Early mover in Europe: The European alternative food market is growing rapidly, and Paleo is in the advantageous position of being an early mover in animal protein development. Analysts predict that technology-driven B2B companies providing innovative ingredients with elevated performance and low costs will be the ultimate winners. Our scientific assessment shows that changing the protein source from one conventional meat protein to an alternative results in net GHG savings ranging from 21 to 296 kg CO2-eq. per kg of protein. Paleo addresses important barriers hindering the transition towards more sustainable diets and is likely to contribute and accelerate the shift from a meat-based diet to a more plant-based diet. The reduction in meat consumption will result in a substantial reduction in GHG emission, less deforestation and more sustainable agricultural systems (e.g. less nutrients oversupply, less water use, etc.). See LCA here
Mentions
20
Location: Belgium, Flemish Brabant, Leuven
Total raised: $15.05M

Investors 4

Funding Rounds 2

DateSeriesAmountInvestors
24.02.2023Series A$12.79M-
01.12.2021Seed$2.27M-

Mentions in press and media 20

DateTitleDescriptionSource
29.03.2024Миф о «Парке Юрского периода»: почему воскрешение динозавров...Первый «Парк Юрского периода» вышел в 1993 году. В фильме Стивена Спилберга был показан мир, в котор...habr.com/r...
01.02.2024Paleo Opens New Facility in Belgium for Animal-Free Heme, Re...On the back of its successful €12 million funding round last year, biotech company Paleo has opened ...vegconomis...
22.01.2024Bridging the Flavor Gap: 7 Solutions to Enhance the Taste of...Today, we are looking into the companies and latest research trying to bridge the flavor gap between...vegconomis...
25.07.2023Molecular farming: IngredientWerks grows heme protein in cor...Molecular farming startup IngredientWerks has genetically engineered corn crops to express high leve...agfunderne...
07.04.2023A company says it added mammoth DNA to plant-based burgers a...Paleo uses precise fermentation to produce myoglobin, a protein found in meat. Paleo; Andreas Arnold...businessin...
24.02.2023Paleo Raises €12 Million for Precision Fermentation That ‘Li...3 Mins Read Belgian precision fermentation company Paleo has secured €12m in a Series A funding roun...greenqueen...
23.02.2023The Week in AgriFoodTech: Pure Salmon nabs $507m, FreshToHom...This week, Amazon backs India’s FreshToHome and Pure Salmon inked a whopping $507 million deal with ...agfunderne...
22.02.2023Belgium-based Paleo raises EUR 12 million in recent fundingBrussels, Belgium-based food company leveraging precision fermentation technology, Paleo raised EUR ...vcbay.news...
21.02.2023 Brussels-based Paleo just raised €12 million to bring the ...-planet-a.c...
21.02.2023Paleo Raises €12M in Series A FundingPaleo, a Brussels, Belgium-based food company that leverages precision fermentation technology, rais...finsmes.co...
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