The company has partnered with energy services provider Entegrity.

Milo's expects to break ground by mid-March 2023 and start production in fall 2024.

The investment aims to bolster manufacturing capabilities, enhance sustainable packaging efforts and generate new local jobs.

The MPPEP aims to increase competition across the economy to help lower costs for American families, and this announcement is expected to expand meat and poultry processing capacity, which in turn is expected to increase competition, supports producer income and strengthen the food supply chain to lower costs.

Avant, a biotechnology company and developer of an end-to-end platform for cell-cultivated fish and seafood, announced its over $10.8 million round led by S2G Ventures, the direct investment team of Builders Vision, an impact platform dedicated to building a humane and healthy planet. 

SuperMeat, a food-tech company focused on cultivated meat, announced a new strategic partnership with Ajinomoto to establish a commercially viable supply chain platform for the cultivated meat industry. 

Sophie’s Kitchen, a growing name in the plant-based food industry, announced a $5.6 million investment led by Billy Goat Brands, which is a publicly-listed venture capital platform with a focus on the blue economy. The funding will support the growth of the Sophie’s Kitchen brand and product innovation.

Kraft Heinz has launched a new venture capital fund to invest in emerging tech companies that are transforming the food industry. Kraft Heinz has committed up to $100 million to the fund, named Evolv Ventures, and has hired investor Bill Pescatello to lead the fund.