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70/30 Food Tech

70/30 Food Tech mission is to make healthy and sustainable food convenient, accessible, and affordable for all.
2020
Nov-50
11-50
Shanghai, Shanghai, China

https://7030foodtech.com

Alternative ProteinFrozen FoodsNutraceuticals (e.g. Supplements)
Innovation
Investment Funding
People
About
Products
Future Plan
News

Innovation

Industry Problem

Convenient plant-based meals can be expensive, highly processed, or nutritionally weak, while the Chinese market needs locally produced alternatives suited to regional tastes.

R&D Focus

Mycelium biomass fermentation, plant-based ready meals, protein, flavour, nutrition, and Chinese-market product development.

Innovative Solution

70/30 Food Tech combines plant ingredients with fermented mycelium to develop functional ready meals and alternative-protein products.

Solution Effectiveness

The company reported serving more than 25,000 meals to about 1,600 customers during a 2021 pilot.

Investment Funding

Last Funding Stage

Seed

Last Funding Date

20-02-2024

Startup Stage

Seed

Lead Investors

Better Bite Ventures

People

Founders

  • Eve Samyuktha

About

70/30 Food Tech makes functional plant & mycelium based ready meals that enrich human health using fermentation technology.

Products

Product

Plant and mycelium-based ready meals and alternative-protein ingredients.

Star Product

Mycelium-based ready-meal platform, because it integrates the company’s fermentation technology with consumer products.

Demo Product or Complete Product?

Pilot and commercialisation stage; a mycelium-based alternative for the China market was announced in 2022.

Future Plan

Market Expansion

The company has focused on scaling production and commercial reach in China.

Investment Funding

Completed an angel round with the amount undisclosed and later announced a seed-extension financing associated with laboratory and scale-up activity.

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