Better Bite sets up $15m fund for alternative protein startups
Alternative meat startups
VC firm Better Bite Ventures has launched a US$15 million fund for investments in alternative protein startups across the Asia Pacific.
The fund, founded by Michal Klar and Simon Newstead, is backed by impact investors, growth-stage fund managers, family offices, as well as food and tech entrepreneurs from Asia, the US, and Europe. It invests primarily at the founding, pre-seed, and seed stages. The Better Bite Ventures team also includes venture partner Sonalie Figueiras, founder of Green Queen Media.
Currently, the fund has an initial portfolio of 10 Asia-Pacific startups, which are using plant-based and cellular agriculture tech to create climate-friendly alternatives to meat, dairy, eggs, and seafood.