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Record $300 Million Fund Ramps Up Cow-Free Meat and Cheese

  • Synthesis Capital has Sainsbury family, Credit Suisse backing
  • Fund is biggest dedicated food technology fund to date
A 3D printer prints a variation of animal-free meat muscle formulation with colour in the laboratories of Redefine Meat Ltd., in Ness Ziona, Israel.

A 3D printer prints a variation of animal-free meat muscle formulation with colour in the laboratories of Redefine Meat Ltd., in Ness Ziona, Israel.

Photographer: Corinna Kern/Bloomberg
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Food-tech fund Synthesis Capital raised a record $300 million to invest in companies that make alternative proteins, from cow-free ice cream to 3D-printed plant-based steaks. 

Synthesis closed the biggest ever food-tech-focused fund just as higher interest rates and soaring food costs dim the funding environment. The fund is focusing on companies that help startups scale-up manufacturing, said co-founder Rosie Wardle, adding that the latest market shifts mean it will take a more conservative approach in allocating capital over the next few months.