Canadian investment company CULT Food Science Corp. announces it has completed a strategic investment in Jellatech Inc., the world’s first cell-based collagen and gelatin ingredient company. Jellatech also counts Ryan Bethencourt’s Sustainable Food Ventures as a prominent investor. Jellatech, founded in 2020 by Stephanie Michelsen, who has been included on the Forbes 30 Under 30 list for 2022, closed a $2 million pre-seed fundraise last April. Stephanie’s sister Nikita is also operating in the cultivated arena, having recently launched new startup Pearlita, with a new research lab in Raleigh, NC to grow oysters from cellular agriculture.
PLANT-BASED MEAT WILL BE CHEAPER THAN ANIMAL MEAT SOONER THAN YOU THINK
The cost of plant-based meat is projected to reach parity with conventional animal meat by 2023, according to new information from nonprofit organization Good Food Institute (GFI). Achieving price parity is vital...
