source:giphy

Big Idea Ventures, a venture fund with offices in New York and Singapore announced the launch of their New Protein Fund with $50 million in the bank. The New Protein Fund invests in companies in the plant-based, cell based and alternative protein ecosystem. The firm’s first investment was $4.6 million cell based seafood company, Shiok Meats. http://cellbased.link/j



Why We Care: The New Protein Fund is backed by Tyson Foods (NYSE: TSN) and Temasek, a private global investment company headquartered in Singapore. Tyson is rapidly expanding their stake in the alternative protein space, even after pulling out of Beyond Meat earlier this week.

Publicity

Impossible Burger announced the launch of the Impossible Whopper, currently only available in St. Louis, but coming soon to 7,000 Burger King’s nationwide. This announcement was followed by the news that many of the restaurants currently carrying the Impossible Burger cannot keep them in stock to which “Impossible Foods explained that demand was outpacing the company’s manufacturing capabilities.” http://cellbased.link/kl