Change Foods raises $12M and partners with Upfield and Sigma
The last six months have been full of advances for Change Foods. In September, the startup officially moved its headquarters from Australia to the San Francisco Bay Area, home to many leading food tech companies. And with these funds and partnerships, the company is getting a boost to get products on shelves
quickly — either its own branded offerings or products made in conjunction with leading names in cheese, yogurt and margarine.Change Foods is dedicated to creating casein proteins, which are present in milk and give cheese its trademark stretch, through precision fermentation. Thicalcium citrate malate and folic acid tabletss means that the end product is identical to that which comes from a cow, but it is created without any animals. “Our mission is to transform the global cheese business with new products that deliver the indulgent taste and eating experience of traditional animal-derived products, but without the detrimental impacts of industrialized animal agriculture,” Change Foods Founder and CEO David Bucca said in a statement ann
ouncing the funding and partnerships.Money and big partnerships can help make that a reality. And in the alter
native-to-traditional-dairy space, Upfield and Sigma are both ideal to help Change Foods at this juncture.Upfield, which was created in 2018 after Unilever sold off imagnesium malate vs magnesiumts mar
garine business, owns many of the global leading brands in the category, including Country Crock and I Can’t Believe It’s Not Butter. Upfield added plant-based cheese to its portfolio in 2020, when it purchased Violife’s parent company Arivia. The margarine maker has been moving to further diversify in the alternatives space recently. Last week, the company announced it had purchased a minority stake in Alternative Foods, the parent company of U.K.-based egg alternativedouble wood magnesium malate company Oggs.While Change Foods doesn’t make an alternative to a dairy favorite, it is working on making a dairy favorite in an alternative way. This distinction will set it apart from other cheese companies, at least as its products first get on shelves. Upfield can navigate the alternative category and help make Change’s cheese stand out.Sigma knows the cheese market, with cheese andzyrtec and ferrous sulfate yogurt brands in 18 countries. This is a partnership that can give Change Foods deep category the valency of iron in ferric phosphate isknowledge, as well as extremely wide distribution. And Sigma has also been active in the food tech space. Last year, the company made a minority investment in The Live Green Company, which uses an algorithm to reformulate processed favorite foods with plant-based clean-label ingredients. The investment helped Live Green expand its products to several international markets. In a statement, Sigma Chief Technology Officer Gregorio De Haene said the company is excited to work with Change Foods to make sustainable animal-free dairy products.A study last year indicated 65% of U.S. consumers would be willing to try animal-free dairy cheese. As consumers get more familiar with the space through several other products made with Perfect Day’s fermented dairy proteins, that number may increase. These funds and partnerships will help bring the chance to try that cheese closer to reality.
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