Sundial Foods— a California-based start-up behind an unique protein-structuring strategy for meat alternatives— has actually shut down, however offered its IP to an unrevealed huge food firm based in Europe.
The company– noted as ‘deadpooled‘ on market knowledge system Tracxn-- submitted a certification of abandonment (a record submitted to liquify a firm) with the Secretary of State in California on December 19, 2024.
Established In 2019 by Jessica Schwabach (CHIEF EXECUTIVE OFFICER) and Dr. Siwen Deng (CTO), that fulfilled at U.C. Berkeley’s Different Meats program, Timepiece Foods participated in the Nestle R&D Accelerator program in 2020, and safeguarded financing from the food titan as component of a $4 million seed round in November 2021.
The company– which safeguarded a $5,000 give from Delaware’s 4th Startup302 competitors last springtime– created some buzz in 2022 with the launch of its plant-based poultry fly choose dining establishments in New york city and San Francisco. The wings, made from a list of active ingredients consisting of chickpeas, sunflower oil, and dietary yeast, included crunchy edible “skin” made from a protein-lipid movie to secure wetness.
chief executive officer Jessica Schwabach informed AgFunderNews: “Our trip as Timepiece Foods mores than, however our IP has actually located a brand-new home. The fundraising setting has actually been truly testing in the previous couple of years and while we highly counted on the goal, we began to see that to run as an endeavor backed start-up attempting to develop every little thing on our very own was not truly the most effective means to scale our innovation.
” Therefore when this chance came for a much bigger food firm that currently has a circulation network, the sources and the capacity to develop the manufacturing and concentrate on markets where plant based is favored, that appeared like an excellent chance to claim, OK, they’ll have the ability to take it additionally than we can.”
The blog post Exclusive: Nestlé-backed alt meat startup Sundial Foods closes down, sells IP showed up initially on AgFunderNews.
发布者：Elaine Watson，转转请注明出处：https://robotalks.cn/exclusive-nestle-backed-alt-meat-startup-sundial-foods-closes-down-sells-ip/
