Emergy Foods, Kenkco Raise Funds to Focus on Plant-Based Sustainability

By Erin Cabrey

Two plant-based startups, Emergy Foods, producing a proprietary ingredient for meat alternatives, and subscription smoothie mix Kencko, both announced recent fund raises last week. While Emergy Foods looks to expand production capacity at its new Boulder, Colorado headquarters, Kencko will focus on improving its sustainable packaging and expanding its flavor portfolio.

Emergy Foods Closes $4.8M Round to Expand Production Capacity

Plant-based protein startup Emergy Foods closed a $4.8 million venture capital funding round last week, which will allow the company to increase the production capacity of a (yet-to-be-announced) sustainably sourced proprietary ingredient used to create meat alternatives.

Emergy Foods CEO Tyler Huggins told NOSH that the company is using the undisclosed ingredient to produce all-natural, plant-based meat alternatives with the texture of whole muscle meat. He said this will lend itself to plant-based chicken breasts, pork chops, and possibly fish and beef.

“I don’t think there’s anything on the market right now that can match the textural qualities of a whole muscle meat,” said Huggins. “We’re looking at different white spaces that we believe are untouched in the market right now, and we’ll be coming out with a variety of different products.”

The funding round was led by Congruent Ventures, with Prelude Ventures, Better Ventures, 50 Years, New Crop Capital, The March Fund I LP, Trust Ventures, and Bluestein & Associates also taking part. While this was the company’s first round of institutional funding, it previously received $1.3 million in grants from the National Science Foundation, the Department of Energy’s Argonne National Laboratory, and Chain Reaction Innovations.

 

Latest News

See All
  • VENTUREPRISE LAUNCH STUDENT PARTICIPANT ACCEPTED INTO ELITE CHAIN REACTIONS INNOVATIONS PROGRAM

    TUESDAY, APRIL 21, 2020 Ventureprise Launch Student Participant Accepted Into Elite Chain Reactions Innovations Program Author: Laura Smailes, Ventureprise Assistant Director As Margaret Kocherga, Ph.D. Nanoscale Science Student and founder of Light and Charge Solutions, pops up virtually on my screen for … Read More

  • Karin Calvinho Selected for Elite Chain Reaction Innovations Program

    Calvinho during the Finals Pitch Competition Six new innovators will be joining Chain Reaction Innovations (CRI), the entrepreneurship program at the US Department of Energy’s (DOE’s) Argonne National Laboratory, as part of the elite program’s fourth cohort. The six will join the two-year … Read More

  • EPiQC-Related Startup Joins Argonne Incubator, Named Innovation Fund Finalist

    UChicago CS PhD student Pranav Gokhale pitches Super.tech at the finals of the Argonne Chain Reaction Innovations program. The race to create practical and fruitful quantum computing contains many participants, including some of the world’s largest tech companies and leading research institutions. But there’s also … Read More

  • UChicago Scientists Selected for Argonne’s Entrepreneurship Program

    Two University of Chicago innovators developing quantum technologies are among six selected for Argonne National Laboratory’s entrepreneurship program, Chain Reaction Innovations, which helps scientists launch and scale their businesses. The Chain Reaction Innovations (CRI) program – in its fourth year – is funded … Read More

  • Cohort 4 Innovators Chosen

    Six new innovators will be joining Chain Reaction Innovations (CRI), the entrepreneurship program at the U.S. Department of Energy’s (DOE’s) Argonne National Laboratory, as part of the elite program’s fourth cohort. The six will join the two-year program starting this June, and each innovator … Read More