Silicon Canals
TRENDING
  • Mobility
  • AI
  • FinTech
  • Software & SaaS
No Result
View All Result
  • Home
  • News
    • COVID-19
    • Startups
    • Scaleups
    • FinTech
    • AI and chatbots
    • Travel & Mobility
    • Software & SaaS
    • Health & Medtech
    • (Crowd)funding
    • Blockchain
    • Internet of things
    • Hardware
    • Accelerators
    • E-commerce
    • Cybersecurity
    • Gaming & Virtual Reality
    • Drones
  • Features
    • Promoted content
    • How-to
    • Knowledge & Insights
    • Guest Contributions
    • Scaling-up in Europe
  • Amsterdampartner
  • Events
  • Newsletter
  • Jobs
  • About
    • Partner with Silicon Canals
    • Team
    • Contact
  • Home
  • News
    • COVID-19
    • Startups
    • Scaleups
    • FinTech
    • AI and chatbots
    • Travel & Mobility
    • Software & SaaS
    • Health & Medtech
    • (Crowd)funding
    • Blockchain
    • Internet of things
    • Hardware
    • Accelerators
    • E-commerce
    • Cybersecurity
    • Gaming & Virtual Reality
    • Drones
  • Features
    • Promoted content
    • How-to
    • Knowledge & Insights
    • Guest Contributions
    • Scaling-up in Europe
  • Amsterdampartner
  • Events
  • Newsletter
  • Jobs
  • About
    • Partner with Silicon Canals
    • Team
    • Contact
No Result
View All Result
Silicon Canals
No Result
View All Result

London-based Hoxton Farms raises €3M to provide animal fat without harming animals; here’s how

Editorial team by Editorial team
February 9, 2021
in (Crowd)funding, News
0
Hoxton Farms

Image credit: Hoxton Farms

23
SHARES
LinkedInTwitterWhatsAppFacebook

For a long time, the food industry has been trying to find an effective, low-cost, and sustainable replacement for traditional animal fat. This is because animal fat is the most crucial ingredient that defines how the meat looks, cooks, and tastes which cannot be replicated by plant oils currently used in meat alternatives.

In this reference, London-based Hoxton Farms, a startup that cultivates animal fat, has raised £2.7M (approx €3M) in its Seed round of funding, to provide the ingredient that has been missing to make alternatives of meat. The startup, however, is currently in the research and development stage.

 - Partner content -
Cost of software - The Software house
The cost of building software
Marek Gajda, CTO of The Software House, shares his insights on building high-quality...Show More
Marek Gajda, CTO of The Software House, shares his insights on building high-quality software. Show Less
Read more

Dr Max Jamilly, co-founder of Hoxton Farms says, “We want to bring back fat: it’s the single most important ingredient in the meat that we eat. The technology we’re developing will allow us to customise fat for any application – and we’re making it healthier too. Cultivated fat is the hero ingredient for meat alternatives, and it will solve a huge problem in this growing industry. We believe the future of meat alternatives will be a blend of plant-based protein and cultivated fat.”

Investors in this round

The round is led by Founders Fund, the Silicon Valley venture capital firm founded by Peter Thiel. The round also saw participation from investors including Backed, Presight Capital, CPT Capital, Sustainable Food Ventures, and angel investors.

Use of the funds

The raised capital will help Hoxton Farms to develop a proof of concept of its production platform and build customer partnerships, as well as supply cultivated fat to the global meat alternatives industry.

About Hoxton Farms

The company was founded in 2020 by co-founders, Dr Max Jamilly – a synthetic biologist and formerly part of Legendairy Foods, and Ed Steele – a mathematician and former machine learning engineer at Thought Machine.

The founders met at nursery school over 25 years ago, and have been friends ever since. They teamed up in 2020 to combine their expertise and build Hoxton Farms against the backdrop of the pandemic.

Hoxton Farms is growing real animal fat – without animals. They are developing cultivated fat as an ingredient for the meat alternatives industry.

Trying to solve the meat alternative industry

Animal agriculture is responsible for almost 15 per cent of greenhouse gas emissions and uses 30 per cent of habitable land and freshwater. Generally, meat alternatives use plant oils as a fat replacement, which has a number of drawbacks. Some oils are bad for the environment, such as coconut and palm oil, also, most of them lack flavour.

The demand for plant-based meat has grown 125 per cent in the last two years, and according to Fortune Business Insights, the global meat substitute market is expected to be worth $8.15B (approx €6.73B) by 2026. 

Hoxton Farms is working to solve this problem using cultivated fat that is ethical and sustainable without compromising taste and performance. Starting with a tiny sample of animal cells, Hoxton Farms grows purified animal fat in cultivators. This process is, however, expensive and difficult to scale. But, the startup is solving this by using proprietary computational models to reduce the cost.

Ed Steele, co-founder of Hoxton Farms, comments, “Our mathematical approach drives everything we do at Hoxton Farms. We simulate the entire process computationally, from biopsy to bacon. This “digital twin” allows us to optimise every raw input in parallel, massively improving the cost-efficiency and performance of our cultivated fat for our customers.”

Steele adds, “The Covid-19 crisis has exposed the fragility of traditional meat supply chains and the risks they pose to human health and the environment. We wanted to bring together our skills to address a pressing problem: how to satisfy a growing demand for meat without compromising on health, sustainability or animal ethics.”

In the coming months, the startup will begin work at its new R&D lab in Hoxton, London, and continue to grow its talented team of biologists and mathematicians.

close

Want to stay on top of the latest rounds, coolest tech and hottest startups?

Subscribe to our free, daily news blast and stay up-to-date!

Check your inbox or spam folder to confirm your subscription.

 - Partner content -
Nebula CTO Andre Witte
Cloud spend management 😱
Tracking cloud spend can be tricky. Learn from Nebula's CTO Andre Witte how to keep the...Show More
Tracking cloud spend can be tricky. Learn from Nebula's CTO Andre Witte how to keep the costs at bay in 2021. Show Less
Read more
Tags: foodfundingnews
Share2Tweet6SendShare9

Featured events

07apr10:0012:30FeaturedWorkshop: pr for startupsHow to grow your startup with the help of public relations

Partner content | Work with us

Future Hamburg Award: Looking for the best startups to forge the city of the future

The Humblebrag launches online course to help emerging leaders amplify their visibility and voice

Blue Tulip Awards announce 5 finalists in the Food & Water and Education & Employment theme

Impact media foundation 5 Media offers grants up to €100,000 per year to drive a sustainable future

Here’s how cryptocurrency will take over the world

Breaking news from Amsterdam | Partner

Amsterdam’s Crisp raises €30M: Here’s what this online-only supermarket plans to do with this capital

Amsterdam-based Tellow’s parent company raises €60.2M: An interview with Thomas Vles, Tellow’s new CEO

Amsterdam-based fast-charging startup Fastned charges itself with €150M through accelerated bookbuild offering

Amsterdam-based Founda Health raises €12.3M to build infrastructure for global healthcare sector; here’s how

  • About Silicon Canals
  • Partner with Silicon Canals
  • Contact us
  • Newsletter
  • Disclaimer
  • Privacy policy
  • Terms & Conditions Silicon Canals

Silicon Canals 2014-2020 | Website: Bright Idiots

No Result
View All Result
  • Home
  • News
    • COVID-19
    • Startups
    • Scaleups
    • FinTech
    • AI and chatbots
    • Travel & Mobility
    • Software & SaaS
    • Health & Medtech
    • (Crowd)funding
    • Blockchain
    • Internet of things
    • Hardware
    • Accelerators
    • E-commerce
    • Cybersecurity
    • Gaming & Virtual Reality
    • Drones
  • Features
    • Promoted content
    • How-to
    • Knowledge & Insights
    • Guest Contributions
    • Scaling-up in Europe
  • Amsterdam
  • Events
  • Newsletter
  • Jobs
  • About
    • Partner with Silicon Canals
    • Team
    • Contact

Silicon Canals 2014-2020 | Website: Bright Idiots

X

This website uses cookies to ensure the best possible experience. We may share this information with our advertising and analytics partners. By clicking 'Accept', you agree to our use of cookies and similar technologies. More info