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“ Farm One will support millions of pounds of ingredient production, but the longer-term plan is to bring hundreds of millions of pounds of this ingredient to market by 2025.
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Atlast Food Co: ‘ We're addressing a segment that's really very underserved in the alternative protein space ’Ītlast Food Co – which launched ‘MyBacon’ at a co-op in Albany to test consumer reaction late last year – says its latest cash injection will enable it to build ‘Farm One,’ an 80,000sq ft mycelium production facility next to its New York-based HQ that will become operational in 2022 to serve b2b customers.Ī spinoff from Ecovative Design , which uses mycelium in packaging, textiles, skincare and apparel, Atlast has already entered into multiple b2b partnerships and sold its planned capacity through 2023, president Stephen Lomnes told FoodNavigator-USA.
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Unlike most players in the meat alternative space, who are making processed products such as burgers, sausages and grounds, typically from extruded soy, pea or wheat, Green Island, NY-based Atlast Food Co and Boulder, CO-based Meati Foods are growing slabs of fungi-based meat that address a largely untapped segment of the market: whole cuts (think steak, chicken breasts, bacon etc).Ītlast Food Co has announced a $40m Series A round led by Viking Global Investors* to fund commercial-scale production of whole cut fungi-based meat to b2b customers and expand distribution of its consumer brand MyEats while Meati Foods has raised $18m to scale up production ahead of a nationwide consumer launch in 2022.