Milk Tea
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Founded in 1994, London-based Hermes GPE is a subsidiary of NYSE-listed Federated Hermes Inc (FHI). The UK limited liability partnership (LLP) is one of the UK’s leading independent investors with $7bn pumped into 260 funds. With a network of over 300 general partners worldwide, the LLP also works with global LPs like BT Pension Scheme, Royal Bank of Scotland and Korea Teachers Credit Union.Hermes started investing in tech startups in 2002 and has provided over $3.7bn worth of co-funding to both tech and non-tech startups via 234 fundraising rounds. Managing assets worth $6bn and international offices in New York and Singapore, sustainability is at the core of its investing portfolio of over 113 startups worldwide. In 2021, recent investments include participation in the $54m Series B round of Austrian refurbished electronics goods marketplace Refurbed in August and May’s $125m Series B round of Paysend, the UK-based card-to-card pioneer and international payments platform.
Founded in 1994, London-based Hermes GPE is a subsidiary of NYSE-listed Federated Hermes Inc (FHI). The UK limited liability partnership (LLP) is one of the UK’s leading independent investors with $7bn pumped into 260 funds. With a network of over 300 general partners worldwide, the LLP also works with global LPs like BT Pension Scheme, Royal Bank of Scotland and Korea Teachers Credit Union.Hermes started investing in tech startups in 2002 and has provided over $3.7bn worth of co-funding to both tech and non-tech startups via 234 fundraising rounds. Managing assets worth $6bn and international offices in New York and Singapore, sustainability is at the core of its investing portfolio of over 113 startups worldwide. In 2021, recent investments include participation in the $54m Series B round of Austrian refurbished electronics goods marketplace Refurbed in August and May’s $125m Series B round of Paysend, the UK-based card-to-card pioneer and international payments platform.
In China's frothy tea drink universe, startups learn to battle
Tea shop startups like Nayuki and Heytea are staying afloat by turning to high-quality organic ingredients and greater brand visibility
Modern China Tea Shop: Cool hangout for yuppies in Chairman Mao's Hunan
The tea house in Changsha, the provincial capital of Hunan, is creating a storm in a teacup, serving tea lattes that go viral across China
Kopi Kenangan serves up an addictive blend of rapid expansion and profitability
Its recent $109m Series B infusion boosts the Indonesian startup's confidence for sustainability and regional expansion despite the current Covid-19 slowdown
AgNext seeks less food loss, fairer prices for farmers with food quality analysis tech
Taking computer vision and chemical analysis to the fields for quick crop quality checks, Punjab-based AgNext eyes Asian expansion, and insurtech, fintech opportunities
New Food Invest: Building a plant-based business in the US
With plant-based startups experiencing exponential growth but facing increasingly intense competition, experts consider the opportunities and barriers in the sector
TurtleTree Labs: Creating sustainable mammalian milk alternatives from stem cells
Founder’s search for high-quality dairy milk led to the creation in a lab of naturally occurring ingredients found in human milk for supply to dairy milk and infant formula businesses
Biomilq: Creating cell-based mothers’ milk in a lab
With the aim of helping women struggling to breastfeed, Bill Gates-backed Biomilq is disrupting the $45bn baby formula industry developing lab-grown breast milk from mammary epithelial cells
Mi Terro turns milk waste into eco-friendly clothing and packaging
With food giants like Danone, Arla and Dole as partners, US-Sino startup Mi Terro plans to extend its technology to plant-based food waste like soy to get plastic and fiber alternatives
Sophie's Bionutrients: Alternative protein from microalgae
Inspired by fish in the ocean, the startup developed microalgae-based flour that can take on unlimited forms, textures or colors to make almost any alt protein product
NotCo: Will this Bezos-backed plant-based foodtech be Chile's first unicorn?
Armed with $85m Series C funding, NotCo has expanded to the US, competing head-on with popular US alt-protein brands for a foothold in the multibillion-dollar vegan market
Farmer Connect: Blockchain powered platform tracing coffee beans from field to cup
Farmer Connect’s platform enables consumers to trace the origin, quality and ethical footprint of a product by just scanning a QR code
Singapore, the place to start and grow a cellular agriculture startup
A country that imports over 90% of its food supply, Singapore has turned to foodtech, including cellular agriculture, to safeguard food security, supported by proactive regulators
QOA: Gourmet guilt-free chocolate, without the cocoa
Munich-based QOA transforms industrial food waste into vegan chocolate, enabling consumers to avoid the sustainability and ethical issues of cocoa production
This Chinese café startup aims to best Starbucks with “new retail” strategy
Luckin Coffee has gone from scratch to China’s first coffee shop unicorn in less than a year, pouring more than 5 million cups of coffee along the way
Stockeld Dreamery: Vegan cheese created together with chefs
Backed by €16.5m in new funding, Stockeld Dreamery sets to expand into Europe and North America, and double its team to 50 a year on
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