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
  • Cohort 4 Finals feature 15 teams

    After receiving a record-breaking 156 applications, Chain Reaction Innovations (CRI) evaluated 35 semifinalists during five days of semifinal pitch competition webinars.  Now 15 teams of innovators will be vying for a spot in CRI’s Cohort 4 at the CRI Finals Pitch Competition, 9:00 a.m. – … Read More

  • Semifinalists chosen from record number of applicants for Cohort 4

    Semifinalists have been chosen to advance in the competition to join Chain Reaction Innovations’ (CRI’s) Cohort 4.  In September and October 2019, a record-breaking 156 applications were submitted in CRI’s annual call for entries.  After reviews from staff and the CRI Scientific Review Board to narrow … Read More

  • Energy I-Corps program a springboard for one-time Argonne researcher turned entrepreneur

    Chad Husko and Jonathan Logan had just started in the National Science Foundation I-Corps site program at the University of Chicago Polsky Center when Argonne National Laboratory posted the opportunity to gain a place in the U.S. Department of Energy’s Energy I-Corps training program. Husko, … Read More

  • Argonne’s Chain Reaction Innovations appoints first advisory council

    Lemont IL (May 8, 2019) — World-class energy leaders will offer their expertise to Chain Reaction Innovations (CRI), the entrepreneurship program at the U.S. Department of Energy’s (DOE) Argonne National Laboratory, as part of a new Advisory Council announced today. Argonne is operated … Read More

  • Five new innovators join Chain Reaction Innovations in third cohort

    Argonne helps innovators accelerate energy and science tech-to-market Lemont, IL (April 24, 2019) — Five 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 third cohort. Read More