Global segment ranking · Food & agriculture › Food
The world’s most valuable alternative protein startups
Companies whose main business is making protein foods or protein ingredients without conventional animal farming: plant-based meat, seafood, dairy and egg, cultivated (cell-grown) meat, seafood and pet food, precision fermentation of animal proteins, biomass, mycoprotein and gas fermentation, and insect protein for food and animal feed. Ranked worldwide by AI-estimated valuation, with listed pure players shown in grey at their market value for reference. The market sets the value; AI models estimate it.
Key metrics for this segment: key milestone. Figures as published by each company or the press, dated, not recalculated. The AIs weigh them alongside funding history and comparables.
Not in this segment. Listed, so not ranked: Oatly, Solar Foods, Beyond Meat and Steakholder Foods (shown in grey), and Euglena. Closed or insolvent: Believer Meats, Meatable, SCiFi Foods, Upstream Foods, CellRev, Motif FoodWorks, NovoNutrients, Arkeon, Ÿnsect, Agronutris, Aspire Food Group, Beta Hatch, Goterra, ENORM, Inseco. Bought or created by a group: Meati, Mycorena, Daring Foods (v2food), Vital Meat (now part of Parima), Uncommon Bio, Shiok Meats (Umami Bioworks), EnviroFlight (Darling Ingredients), Vivici (dsm-firmenich and Fonterra), Quorn (Monde Nissin). No outside equity round of at least USD 1M found: Daisy Lab, Revo Foods, Zhenmeat, Bene Meat Technologies, BioCraft Pet Nutrition. In other segments: fresh meat and fish retail (Licious) outside this segment; indoor crops under Vertical farming; crop inputs under Biological inputs. A company appears in one segment only. Method
The segment at a glance
50companies ranked
20companies on the radar
16countries in the ranking
5listed benchmarks
Sources: Company announcements, AgFunderNews, Green Queen, vegconomist, Food Navigator, Food Dive, Just Food, Bloomberg, Reuters, TechCrunch, Calcalist, Globes, Sifted, 36Kr, Caixin, and market data for listed companies. Intention counters will be shown above a threshold of amount and number of Backers.
Rankings by region
Filter the ranking and the Radar. Ranks stay worldwide. Regional pages: Asia · Europe · Latin America & Caribbean · Middle East & North Africa · North America · Oceania.Global ranking · Alternative proteins
Snapshot22 Oct 2026A snapshot taken on 22 Oct 2026
This ranking shows the startups as they stood on 22 Oct 2026. Funding rounds, valuations and other events announced after that date are not included yet. They will be taken into account in the next edition, scheduled for 28 Feb 2027.
Spotted a more recent round? Tell us →First edition: no movements yet.
This ranking shows the startups as they stood on 22 Oct 2026. Funding rounds, valuations and other events announced after that date are not included yet. They will be taken into account in the next edition, scheduled for 28 Feb 2027.
Spotted a more recent round? Tell us →First edition: no movements yet.
World · 50 ranked companies
| # | Company | Last round · Key metrics | Estimated valuation (AI) · range | Pool of InterestsInterest: a free, non-binding declaration on a company, or on a sector within an area, made during the free phase of a pool. Pool: all the Interests declared on the same target. This column shows the number of Backers and the combined amount of their tickets, to validated members only. Terms for Backers → | BackBacking a startup on Uback (pronounced “you back”) can be done in two ways: Interest · free: a non-binding declaration that signals your demand for a company or a sector. You can move or withdraw it at any time, with up to 5 at once. Intention · coming soon: a paid, confirmed declaration, still non-binding. Once its pool reaches critical mass, it is presented to a company by a partner desk. Neither is an order nor a commitment to invest. Terms for Backers → |
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| 1 | Impossible FoodsProduces plant-based burgers, sausages, chicken and pork alternatives using soy protein and fermentation-made heme, sold through US and international retail and restaurants. | Series H · USD 500M · Nov 2021Key metrics not disclosed | Last known equity round: Series H · USD 500M · Nov 2021 (Mirae Asset Global Investments)Method | Be the first | Back |
| 2 | UPSIDE FoodsDevelops cultivated chicken and other meats grown from animal cells in bioreactors, holding US clearance and targeting restaurants and retail in the United States. | Series C · USD 400M · Apr 2022USD 608M raised since 2015 · Mar 2025 | Last known equity round: Series C · USD 400M · Apr 2022 (Temasek, Abu Dhabi Growth Fund; Cargill, Givaudan, Tyson Foods, SoftBank Vision Fund)Method | Be the first | Back |
| 3 | RemilkProduces animal-free milk proteins by yeast precision fermentation and uses them in milk and dairy products sold with retail and food-service partners. | Series B · USD 120M · Jan 2022Key metrics not disclosed | Last known equity round: Series B · USD 120M · Jan 2022 (ICL Group)Method | Be the first | Back |
| 4 | Nature's FyndGrows Fy fungal protein from a Yellowstone microbe by surface fermentation and sells it in meatless and dairy-free foods and as an ingredient. | Series C · USD 350M · Jul 2021Key metrics not disclosed | Last known equity round: Series C · USD 350M · Jul 2021 (SoftBank Vision Fund, Ahren Innovation Capital)Method | Be the first | Back |
| 5 | v2foodDevelops plant-based beef, chicken and pork alternatives from legume proteins for retail and quick-service restaurants, and owns the US brand Daring after a 2025 acquisition. | Series B · USD 108.3M · Aug 2021Bought US plant-based chicken brand Daring Foods (2025) · Aug 2025 | Last known equity round: Series B · USD 108.3M · Aug 2021 (Astanor Ventures; Main Sequence Ventures, ABC World Asia, Huaxing Growth Capital); Series B of USD 55M (Oct 2020) plus an AUD 72M extension (Aug 2021)Method | Be the first | Back |
| 6 | Next Gen Foods (TiNDLE)#15 in SingaporeMakes TiNDLE plant-based chicken from soy, wheat and a proprietary plant-fat blend, supplied mainly to restaurants and retailers in Asia, Europe and the United States. | Series A · USD 100M · Feb 2022Key metrics not disclosed | Last known equity round: Series A · USD 100M · Feb 2022 (Alpha JWC, Temasek)Method | Be the first | Back |
| 7 | WildtypeGrows cultivated coho salmon from fish cells for sushi and seafood dishes served at partner restaurants in the United States, and sells cell-derived skincare ingredients. | Series B · USD 100M · Feb 2022US clearance for cultivated salmon (2025) · Jun 2026 | Last known equity round: Series B · USD 100M · Feb 2022 (L Catterton, Cultivian Sandbox; Leonardo DiCaprio)Method | Be the first | Back |
| 8 | StarfieldMakes plant-based meat, dairy-free cheese and other alternative-protein products sold in China through restaurant chains, convenience stores and e-commerce. | Series B · USD 100M · Jan 2022Key metrics not disclosed | Last known equity round: Series B · USD 100M · Jan 2022 (Chunhua Capital, Yueyue Capital; Matrix Partners China, Cloud Nine, Lightspeed China, Zeng Ming)Method | Not open to BackersCompanies based in mainland China are ranked like any other startup, but Uback does not open pools on them: capital controls and offshore (VIE) structures make minority deals impractical for our Backers. You can still declare an interest in this segment → |
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| 9 | Perfect DayProduces animal-free whey protein by precision fermentation with engineered microflora, selling it as an ingredient to food and beverage manufacturers. | Pre-Series E · USD 90M · Jan 2024Plant in Gujarat with Zydus due to start in the second half of 2026 · Dec 2025 | Last known equity round: Pre-Series E · USD 90M · Jan 2024 (Horizons Ventures); Up to USD 90M in two parts, the first from existing investorsMethod | Be the first | Back |
| 10 | NotCoUses an AI platform to formulate plant-based milk, mayonnaise, burgers and ice cream, and licenses its recipes and AI tools to large food companies. | Series D · USD 235M · Jul 2021Key metrics not disclosed | Last known equity round: Series D · USD 235M · Jul 2021 (Tiger Global; Lewis Hamilton, Roger Federer)Method | Be the first | Back |
| 11 | Planted#27 in SwitzerlandProduces plant-based chicken, pork and steak alternatives from pea and oat protein through extrusion and fermentation, selling to retailers and restaurants across Europe. | Series B · USD 72M · Sep 2022Key metrics not disclosed | Last known equity round: Series B · USD 72M · Sep 2022 (L Catterton)Method | Be the first | Back |
| 12 | Green MondayRuns the OmniFoods plant-based pork and seafood brand plus Green Common plant-based retail, supplying supermarkets and restaurants in Hong Kong and Asian markets. | Growth round · USD 70M · Sep 2020Key metrics not disclosed | Last known equity round: Growth round · USD 70M · Sep 2020 (The Rise Fund; Swire Pacific, CPT Capital)Method | Be the first | Back |
| — | OatlyListed · Nasdaq · OTLY | USD 350MMarket cap · Sep 2026Listed company · not ranked | |||
| 13 | FormoDevelops animal-free cheese and dairy alternatives using koji fermentation and precision-fermented milk proteins, sold to consumers through German and European retail. | Series B · USD 61M · Sep 2024Key metrics not disclosed | Last known equity round: Series B · USD 61M · Sep 2024 (Lowercarbon Capital, Elevat3 Capital)Method | Be the first | Back |
| 14 | Fazenda Futuro#37 in BrazilDevelops plant-based burgers, meatballs, chicken and fish alternatives from pea, soy and chickpea proteins, sold in Brazilian and international retail and food service. | Growth equity · USD 58M · Nov 2021Key metrics not disclosed | Last known equity round: Growth equity · USD 58M · Nov 2021Method | Be the first | Back |
| 15 | Infinite RootsGrows mycelium biomass in liquid fermentation from food-industry side streams and supplies mycelium-based meat alternatives and ingredients to retailers and food companies. | Series B · USD 58M · Jan 2024Key metrics not disclosed | Last known equity round: Series B · USD 58M · Jan 2024 (Dr. Hans Riegel Holding; EIC Fund, REWE Group, Betagro Ventures, Clay Capital)Method | Be the first | Back |
| 16 | Protix#34 in the NetherlandsBreeds black soldier fly larvae at industrial scale to produce insect protein, fats and fertiliser for pet food, aquaculture and livestock feed. | Strategic round · USD 58M · Oct 2023Key metrics not disclosed | Last known equity round: Strategic round · USD 58M · Oct 2023 (Tyson Foods); Tyson Foods took a minority stakeMethod | Be the first | Back |
| 17 | The Protein Brewery#35 in the NetherlandsProduces Fermotein mycoprotein by fungal fermentation of grain-based sugars and supplies it to food and nutrition brands for powders, bars and functional foods. | Series B with extension · USD 56M · Jun 2026EU novel-food approval for its Fermotein protein · Jun 2026 | Last known equity round: Series B with extension · USD 56M · Jun 2026 (ABN AMRO Sustainable Impact Fund; Invest-NL, Novo Holdings); EUR 30M Series B plus an EUR 18M extensionMethod | Be the first | Back |
| 18 | The EVERY CompanyProduces animal-free egg proteins by precision fermentation and supplies them as powdered ingredients to bakery, food and beverage manufacturers. | Series D (first close) · USD 55M · Nov 2025Products launching in Walmart stores across the US · Nov 2025 | Last known equity round: Series D (first close) · USD 55M · Nov 2025 (McWin Capital Partners; Main Sequence, Bloom8, TO.VC, Minerva Foods)Method | Be the first | Back |
| 19 | Parima (formerly Gourmey)Develops cultivated duck foie gras and cultivated chicken from animal cells, with regulatory dossiers filed in the EU, UK, Switzerland, Singapore, the US and Australia. | Series A · USD 50.4M · May 2022Nine regulatory filings worldwide after buying Vital Meat · Oct 2025 | Last known equity round: Series A · USD 50.4M · May 2022 (Earlybird; Omnes Capital); EUR 48M Series A raised as GourmeyMethod | Be the first | Back |
| 20 | Vow#25 in AustraliaProduces cultured quail and other cultivated meats from animal cells under the Forged brand, selling to restaurants in Singapore, Australia and Hong Kong. | Series A · USD 49.2M · Oct 2022Approval to sell cultured quail in Australia and New Zealand · Mar 2025 | Last known equity round: Series A · USD 49.2M · Oct 2022 (Blackbird, Prosperity7)Method | Be the first | Back |
| 21 | Redefine MeatProduces plant-based whole cuts, steaks and minced meat using industrial 3D-printing and proprietary formulation, sold to restaurants and European retail chains. | Series B · USD 135M · Jan 2022Key metrics not disclosed | Last known equity round: Series B · USD 135M · Jan 2022 (Hanaco Ventures; Synthesis Capital, CPT Capital, Losa Group)Method | Be the first | Back |
| 22 | HelainaProduces human-identical bioactive proteins such as lactoferrin by precision fermentation, sold as ingredients for supplements, functional foods and infant nutrition. | Series B · USD 45M · Sep 2024Human lactoferrin sold through business partners · Sep 2024 | Last known equity round: Series B · USD 45M · Sep 2024 (Avidity Partners; Spark Capital, Ingeborg Investments, Barrel Ventures, Siam Capital)Method | Be the first | Back |
| 23 | EnoughProduces ABUNDA mycoprotein by continuous fungal fermentation of glucose and supplies it as an ingredient to meat-alternative and food manufacturers. | Series C · USD 43.6M · Aug 2023Key metrics not disclosed | Last known equity round: Series C · USD 43.6M · Aug 2023 (World Fund, CPT Capital; AXA IM Alts, HAL Investments, Olympic Investments, Tailored Solutions); EUR 40MMethod | Be the first | Back |
| 24 | Heura#30 in SpainMakes plant-based meat alternatives from soy and other legumes, sold through supermarkets and food service in Spain and other European markets. | Equity round · USD 43M · 2023Key metrics not disclosed | Last known equity round: Equity round · USD 43M · 2023Method | Be the first | Back |
| 25 | Onego BioProduces bioidentical egg white protein (ovalbumin) by precision fermentation with a fungal host, aimed at food manufacturers replacing conventional egg ingredients. | Series A · USD 40M · Feb 2022Key metrics not disclosed | Last known equity round: Series A · USD 40M · Feb 2022Method | Be the first | Back |
| 26 | CalystaProduces FeedKind single-cell protein by gas fermentation of methane with bacteria, supplying protein for fish, livestock and pet feed. | Series D-1 · USD 39M · Sep 2021Key metrics not disclosed | Last known equity round: Series D-1 · USD 39M · Sep 2021 (bp ventures; Adisseo, AquaSpark, WTI)Method | Be the first | Back |
| — | Solar FoodsListed · Nasdaq First North Helsinki · SFOODS | USD 180MMarket cap · Aug 2026Listed company · not ranked | |||
| 27 | Air ProteinProduces protein flour from microbes that convert carbon dioxide, hydrogen and nitrogen by gas fermentation, intended as an ingredient for meat alternatives and foods. | Series A · USD 32M · Jan 2021Key metrics not disclosed | Last known equity round: Series A · USD 32M · Jan 2021 (ADM Ventures, GV, Barclays)Method | Be the first | Back |
| 28 | The Better Meat CoProduces Rhiza mycoprotein by fungal fermentation and sells it to meat processors as an ingredient for blended and meat-free products. | Series A · USD 31M · Aug 2025Cleared by US food regulators; five letters of intent with meat companies · Aug 2025 | Last known equity round: Series A · USD 31M · Aug 2025 (Future Ventures, Resilience Reserve; Glenn Hickman, Epic Ventures, Sigma Ventures)Method | Be the first | Back |
| 29 | VerleyProduces functional beta-lactoglobulin whey proteins by precision fermentation and sells them to food, beverage and nutrition brands as dairy ingredients. | Series A · USD 30M · Feb 2026US food-safety clearance (GRAS); US supply planned in 2026 · Feb 2026 | Last known equity round: Series A · USD 30M · Feb 2026 (Alven, Blast, Sofinnova, Captech Santé); EUR 25M of equity; EUR 7M of non-dilutive funding not countedMethod | Be the first | Back |
| 30 | EntobelFarms black soldier fly larvae in Vietnam to produce insect protein meal and oil for aquaculture, pet food and livestock feed. | Series B · USD 30M · May 2022Plant in Vietnam with capacity of 10,000 tonnes a year · 2026 | Last known equity round: Series B · USD 30M · May 2022 (Mekong Enterprise Fund IV; Dragon Capital)Method | Be the first | Back |
| 31 | Aleph FarmsGrows cultivated beef steaks and beef products from bovine cells, seeking regulatory approvals in Israel, Thailand, Switzerland and the UK for restaurant and retail launch. | Funding round · USD 29M · Mar 2025Initial approval in Israel; filing in Thailand · Mar 2025 | Last known equity round: Funding round · USD 29M · Mar 2025; Mostly a SAFE converting into shares; the rest from existing investorsMethod | Be the first | Back |
| 32 | Standing OvationProduces animal-free casein by precision fermentation using dairy by-products as feedstock, supplying cheese and dairy manufacturers with an industrial ingredient. | Series B · USD 28.5M · Mar 2026US launch with customers planned in 2026-2027 · Mar 2026 | Last known equity round: Series B · USD 28.5M · Mar 2026 (Crédit Mutuel Innovation, Bpifrance Ecotechnologies 2; Bel Group, Astanor, Seventure, Danone Ventures); EUR 25M of equity; EUR 5M of non-dilutive funding not countedMethod | Be the first | Back |
| 33 | La VieMakes plant-based bacon, ham and lardons from pea protein and plant fats, sold through European supermarkets and to food-service chains such as Burger King. | Growth round · USD 27.4M · Oct 2024Sales forecast of EUR 19M for 2024 · 2024 | Last known equity round: Growth round · USD 27.4M · Oct 2024 (Zintinus; Sparkfood); EUR 25MMethod | Be the first | Back |
| 34 | THISMakes plant-based chicken, bacon, sausages and other meat alternatives from soy and pea protein, sold through UK supermarkets and restaurant partners. | Growth round · USD 25.4M · Jun 2024Key metrics not disclosed | Last known equity round: Growth round · USD 25.4M · Jun 2024 (Planet First Partners); GBP 20MMethod | Be the first | Back |
| 35 | New CultureDevelops animal-free mozzarella and other cheeses made with casein produced by precision fermentation, targeting pizzerias and food-service customers. | Series A · USD 25M · Jan 2022Key metrics not disclosed | Last known equity round: Series A · USD 25M · Jan 2022 (ADM Ventures, Kraft Heinz, Dr. Oetker)Method | Be the first | Back |
| 36 | BrevelProduces neutral-tasting microalgae protein powder by combining light and fermentation in bioreactors, selling it as an ingredient to food manufacturers. | Seed (incl. extension) · USD 25M · Mar 2025First commercial microalgae protein plant completed · 2024 | Last known equity round: Seed (incl. extension) · USD 25M · Mar 2025 (NevaTeam Partners, EIC Fund; Siddhi Capital, Good Protein Fund, The Food Tech Lab, PVS Investments); Seed round of USD 18.5M (Jun 2023) plus an extension of over USD 5M (Mar 2025)Method | Be the first | Back |
| 37 | Mission BarnsProduces cultivated pork fat grown from pig cells and blends it into meatballs, bacon and salami sold to restaurants and grocery stores in the United States. | Series A · USD 24M · Apr 2021First US retail sale of cultivated meat · Nov 2025 | Last known equity round: Series A · USD 24M · Apr 2021 (Lever VC, Gullspang Re:Food, Humboldt Fund, Green Monday Ventures; Global Founders Capital, Point Nine)Method | Be the first | Back |
| — | Beyond MeatListed · Nasdaq · BYND | USD 120MMarket cap · Oct 2026Listed company · not ranked | |||
| 38 | Hoxton FarmsGrows cultivated pork fat from pig cells and supplies it as a B2B ingredient to plant-based and hybrid meat makers to improve taste and texture. | Series A · USD 22M · Oct 2022Key metrics not disclosed | Last known equity round: Series A · USD 22M · Oct 2022 (Collaborative Fund; Fine Structure Ventures)Method | Be the first | Back |
| 39 | Changing BioProduces microbial proteins by precision fermentation, including yeast-made dairy proteins, and supplies them as ingredients to food and beverage manufacturers in China. | Series A · USD 20.9M · Jun 2022Key metrics not disclosed | Last known equity round: Series A · USD 20.9M · Jun 2022 (Shixin Capital, Sidao Capital, Sherpa, Hillhouse Ventures); CNY 140M; a later Series A+ of undisclosed size (Jun 2023)Method | Not open to BackersCompanies based in mainland China are ranked like any other startup, but Uback does not open pools on them: capital controls and offshore (VIE) structures make minority deals impractical for our Backers. You can still declare an interest in this segment → |
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| 40 | nextProteinConverts low-value agri-food by-products with black soldier fly larvae into protein powder, oil and fertiliser for aquaculture, livestock and pet food, producing in Tunisia. | Series B · USD 20.7M · Nov 2025Key metrics not disclosed | Last known equity round: Series B · USD 20.7M · Nov 2025 (SWEN Capital Partners, British International Investment; Mirova, RAISE Impact); EUR 18M of equity; EUR 4M of bank debt not countedMethod | Be the first | Back |
| 41 | PlanetaryProvides biomass and precision-fermentation scale-up and contract manufacturing of mycoprotein and other fermented food ingredients for food companies. | Series A · USD 20M · Apr 2026Key metrics not disclosed | Last known equity round: Series A · USD 20M · Apr 2026 (Radikal Capital, Oetker Ventures; Royal Cosun, Green Generation Fund)Method | Be the first | Back |
| 42 | Mosa MeatDevelops cultivated beef and cultivated beef fat grown from cow cells, combined with plant ingredients in hybrid burgers aimed first at restaurants in Europe and Asia. | Insider round · USD 17.6M · Dec 2025Approval files in Singapore, the EU, Switzerland and the UK · Dec 2025 | Last known equity round: Insider round · USD 17.6M · Dec 2025 (Invest-NL, LIOF, PHW Group, Jitse Groen); EUR 15M from existing and new investors, after a EUR 40M Series A (2024)Method | Be the first | Back |
| 43 | ShiruUses a machine-learning discovery platform to identify plant and fermentation-derived functional proteins and licenses or sells them as food ingredients. | Series A · USD 17M · Jan 2022Key metrics not disclosed | Last known equity round: Series A · USD 17M · Jan 2022Method | Be the first | Back |
| 44 | EniferProduces PEKILO mycoprotein by fermenting forestry and food-industry side streams, supplying it for food, aquafeed and pet-food applications. | Series B · USD 16.3M · May 2024Key metrics not disclosed | Last known equity round: Series B · USD 16.3M · May 2024 (Taaleri Bioindustry Fund I; Nordic Foodtech VC, Voima Ventures, Valio); EUR 15M of equity; loans and an EU grant not countedMethod | Be the first | Back |
| 45 | Better OriginBuilds AI-controlled insect mini-farms in shipping containers that turn food waste into insect larvae fed to poultry on farms. | Series A · USD 16M · Apr 2022Key metrics not disclosed | Last known equity round: Series A · USD 16M · Apr 2022 (Balderton Capital; Fly Ventures, Metavallon VC)Method | Be the first | Back |
| 46 | ImagindairyProduces animal-free whey and casein proteins by precision fermentation and supplies them to dairy and food companies making cow-free dairy products. | Seed extension · USD 15M · Feb 2023Key metrics not disclosed | Last known equity round: Seed extension · USD 15M · Feb 2023; Extension bringing the seed round to USD 28MMethod | Be the first | Back |
| 47 | Guoke XinglianProduces human milk proteins such as lactoferrin by precision fermentation with food-grade yeast, for infant formula and nutrition makers in China. | Series A+ · USD 14.6M · Feb 2026Key metrics not disclosed | Last known equity round: Series A+ · USD 14.6M · Feb 2026 (Shanghai Zhuiguang Julian, Lenovo Capital); CNY 100MMethod | Not open to BackersCompanies based in mainland China are ranked like any other startup, but Uback does not open pools on them: capital controls and offshore (VIE) structures make minority deals impractical for our Backers. You can still declare an interest in this segment → |
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| 48 | MeatlyProduces cultivated chicken grown from animal cells as an ingredient for pet food, supplying UK pet food brands and retailers such as Pets at Home. | Series A · USD 14.1M · May 2026First cultivated-meat pet food on sale in the UK · 2025 | Last known equity round: Series A · USD 14.1M · May 2026 (Oyster Bay Venture Capital; Clean Growth Fund, JamJar Investments, Agronomics, Pets at Home); GBP 10.4MMethod | Be the first | Back |
| 49 | Cauldron#42 in AustraliaOperates continuous precision-fermentation manufacturing, producing proteins and other bio-based ingredients at commercial scale for food and biotech clients under contract. | Series A2 · USD 13.2M · Mar 2026Key metrics not disclosed | Last known equity round: Series A2 · USD 13.2M · Mar 2026 (Main Sequence, Horizons, SOSV)Method | Be the first | Back |
| 50 | StrainX BioworksDevelops food and nutrition ingredients through synthetic biology and precision fermentation, starting with alternative proteins, from a production facility in Bhopal. | Series A · USD 13M · May 2026Key metrics not disclosed | Last known equity round: Series A · USD 13M · May 2026 (Prime Venture Partners, Leo Capital; Good Startup, Sparrow Capital, Sun Icon Ventures, Dholakia Ventures)Method | Be the first | Back |
| — | Steakholder FoodsListed · Nasdaq · STKH | USD 15MMarket cap · Oct 2026Listed company · not ranked |
Back · Backing on Uback (pronounced “you back”) means declaring an Interest (free) or an Intention (coming soon). Backing does not mean that this company is raising funds or that a shareholder is selling shares, and it is not a commitment to invest. Any deal, through a funding round or a sale by an existing shareholder, is handled by a partner desk: the Fundraising Desk of the country for a round, the Secondary Sales Desk assigned to the company for a sale. · Terms
Corporate investor? Back the startups of your own segment
No ranked company in this region yet: see the Radar.
Ranking in descending order of AI-estimated valuation, based on public information, with no human intervention on the order. The valuations, ranges and brackets shown are editorial estimates produced by AI, purely indicative and imperfect by nature: neither a financial valuation, nor an offer, nor investment advice. Only the market sets a company’s value, through a funding round or a sale. Ranking established by Claude (Anthropic) from public information, following the published rules. A consensus of several AIs will apply from 1 December 2026. Eligibility: at least $1M raised in equity, non-listed company, main activity in this segment (alternative proteins). Country shown is the country of main operations. Request a correction
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Challengers
A registered company raising funds that is not in the ranking will be able, for a fee, to appear in a separate list labelled “Challengers”, for a set period, with a memo available to verified Backers. The listing has no effect on the ranking. Not open yet.
Sponsored space · no Challenger listed yet
Radar · known eligible companies, not ranked
Sorted by date of last round, with no judgement and no AI call.
- Paleo · Belgium · EuropeSep 2026 · USD 2.3M; Amount approximateBack
- Innovafeed · France · EuropeJun 2026; EUR 51M including bank financing; equity share not disclosedBack
- Pacifico Biolabs · Germany · EuropeMay 2026 · USD 8.1M; EUR 7MBack
- BlueNalu · United States · North AmericaJan 2026 · USD 11M; Mix of preferred shares and convertible notes; previous Series B of USD 33.5M (2023)Back
- All G · Australia · OceaniaDec 2025; AUD 10M convertible note, not counted as equityBack
- Those Vegan Cowboys · Belgium · EuropeDec 2025 · USD 7.3M; EUR 6.25M, followed by equity crowdfunding in 2026Back
- Loopworm · India · AsiaJul 2025 · USD 3.2MBack
- Volare · Finland · EuropeJun 2025; EUR 26M mixing equity, loans and public funding; equity share not disclosedBack
- Liberation Labs · United States · North AmericaJan 2025; Convertible notes, not counted as equityBack
- Nasekomo · Bulgaria · EuropeJan 2024 · USD 10.2M; EUR 8MBack
- Wanda Fish · Israel · Middle East & North AfricaOct 2023 · USD 7MBack
- Eat Just · United States · North AmericaSep 2023; Amount not disclosed by the companyBack
- Forsea Foods · Israel · Middle East & North AfricaOct 2022 · USD 5.2MBack
- Avant Meats · Hong Kong · AsiaJul 2022 · USD 10.8M; EUR 10.3MBack
- Haofood · China · AsiaMay 2022 · USD 3.5MNot open to BackersCompanies based in mainland China are ranked like any other startup, but Uback does not open pools on them: capital controls and offshore (VIE) structures make minority deals impractical for our Backers.
You can still declare an interest in this segment → - IntegriCulture · Japan · AsiaJan 2022 · USD 7M; USD 16.4M raised in totalBack
- Joes Future Food · China · AsiaOct 2021 · USD 10.9M; CNY 70M; a later Series A+ of undisclosed size (Apr 2023)Not open to BackersCompanies based in mainland China are ranked like any other startup, but Uback does not open pools on them: capital controls and offshore (VIE) structures make minority deals impractical for our Backers.
You can still declare an interest in this segment → - Ivy Farm · United Kingdom · EuropeSep 2021; Amount not confirmedBack
- Zero Egg · Israel · Middle East & North AfricaNov 2020 · USD 5MBack
- Climax Foods · United States · North AmericaJul 2020 · USD 7.5M; Later funding from Bel Group and existing investors, amounts not disclosedBack
No company on the radar in this region yet.
Listed benchmarks
Not ranked: no intention is possible on a listed company.
- Oatly · SwedenNasdaq · OTLY · USD 350M (Sep 2026)
- Solar Foods · FinlandNasdaq First North Helsinki · SFOODS · USD 180M (Aug 2026)
- Beyond Meat · United StatesNasdaq · BYND · USD 120M (Oct 2026)
- Steakholder Foods · IsraelNasdaq · STKH · USD 15M (Oct 2026)
- Euglena · JapanTSE · 2931
Sources and method for this segment
Calendar. Global segment rankings are published twice a year. Next edition: February 28, 2027.
Eligibility. At least $1M raised in equity, non-listed company, main activity in this segment (alternative proteins). A company appears in one segment only.
Sources. Company announcements, AgFunderNews, Green Queen, vegconomist, Food Navigator, Food Dive, Just Food, Bloomberg, Reuters, TechCrunch, Calcalist, Globes, Sifted, 36Kr, Caixin, and market data for listed companies.