Embion is selected as a Technology Pioneer by the World Economic Forum

Embion is selected as a Technology Pioneer by the World Economic Forum

Valley member Embion has made it their mission to catalyze the world’s transition to zero wasted resources. To do this, they specialize in upcycling industrial food production by-products through their platform technology. This week they were selected to become a World Economic Forum Technology Pioneer.

The story so far

Embion founders – Georgios Savoglidis, Sviatlana Siankevich and Georgios Fengos, share a common vision of using smart technology to catalyze the world’s transition to the sustainable use of food resources.

The company – an EPFL spin-off founded in 2016 – aims to harness the best of nature and accelerate next-generation nutrition innovation for all, empowered by its platform technology, while addressing sustainable development through cutting-edge innovation in plant-based technology. It enables the production of highly functional ingredients from biomass for animal nutrition, food and beverages, nutraceuticals and cosmetics.

After securing seed funding from strategic investors from Switzerland, United States and Asia in 2019, Embion registered its first product, PREMBION, in the EU market in 2020, designed to pave the way to antibiotic-free farming and increased feed efficiency. In 2021 the team went on to close a successful CHF 4.5 million Series A funding round, led by global brewing group ASAHI Group Holdings Ltd., allowing them to grow their team and scale their production capabilities.

Becoming a Technology Pioneer

The World Economic Forum’s Technology Pioneers are early to growth-stage companies from around the world that use new technologies and innovation to tackle the world’s most pressing issues – from sustainability and climate change to healthcare.

This year’s cohort includes start-ups from 30 countries, with Vietnam, Rwanda and Czech Republic represented for the first time. Embion was selected in recognition of its contribution to empowering access to next gen nutritional innovation.

Saemoon Yoon, Community Lead, Technology Pioneers at the World Economic Forum: “Embion and its fellow pioneers are at the forefront of industries that are critical to solving some of our world’s most complex issues today. We look forward to their contribution to the World Economic Forum in its commitment to improving the state of the world.

CEO Georgios Savoglidis: “It’s a great honor to be acknowledged as a pioneering company by the World Economic Forum. It is confirmation that the speed of technology development, commercialization and consumer adoption are pushing the wheels of innovation and that our platform technology can offer a new production method that provides for pure and stable products from a renewable source. Products that represent a new frontier in nutrition and health. We look forward to contributing to the Forum dialogues on this challenge.”

What’s next?

As a Technology Pioneer, Embion’s CEO Georgios Savoglidis will be invited to participate at World Economic Forum activities, events, and discussions throughout the year. Embion will also contribute to Forum initiatives over the next two years, working with global leaders to help address key industry and societal issues.

In the coming months, Embion is now planning to build on their successes by connecting with like-minded investors who can help them further scale their work and collaborate with corporate partners to create joint product development projects in the food and feed industries.

Find out more on the Embion website.

Interested in food system digitalization?

Join the Swiss Food & Nutrition Valley ecosystem and be partof the journey!

MagicTomato invites supporters to invest in its nationwide expansion

MagicTomato invites supporters to invest in its nationwide expansion

SFNV member MagicTomato has made it their mission to democratize access to local and sustainable food. Now they’re inviting both Swiss consumers and institutional investors to invest in their solution to strengthen food ecosystems across Switzerland.

The story so far

Back in 2016, Paul Charmillot had a vision. He wanted to create a solution that made it quick and easy for busy consumers to enjoy top-quality, local and sustainably-produced food. And with just CHF 60k in the bank and the support of tech innovation incubator Fongit, he did just that.

Initially this meant a lot of long days doing anything and everything to get the business off the ground – from tracking down the best local producers to developing the website, preparing orders and dealing with client queries.

But this upfront investment certainly paid off. MagicTomato has grown rapidly. Today, Magic Tomato’s team of 40 provides local and sustainable food to over 5000 consumers across Vaud, Geneva, Fribourg, Thun, Bern, Yverdon, Biel and Neuchâtel and brought in over CHF 7 million of orders last year.

As a certified B-Corp, Paul and his team are also deeply committed to having a positive social and environmental impact. In 2021, their business activities averted 46 tonnes of food waste and made over 30,000 deliveries with a fleet of electric vehicles.

After a longstanding collaboration with Label Bleu, the two companies decided to join forces at the end of last year, strengthening the team’s network and laying the foundations for expansion across Switzerland.

Investing in local food ecosystems

MagicTomato is now looking to raise CHF 1 million by inviting customers, supporters and more institutional investors to invest in their solution. Through a partnership with Taurus, Swiss residents can buy participation certificates using blockchain technology.

For Paul, this funding solution felt like the most natural fit for the platform: “Our customers are already shaping their local food ecosystems through their purchasing decisions. Investing in our platform alongside more institutional investors like Fongit is another way that customers can actively drive positive change and enable more Swiss residents to benefit from local and sustainably-produced food.”

The campaign was launched on May 2 and potential investors can choose from three packages, starting from just CHF 150. 

Big plans for 2024

The MagicTomato team will use the funds raised to support the structural and digital development of the platform and to accelerate the creation of new ecosystems across Switzerland.

This year, the team plans to expand to German-speaking Switzerland, Chablais and Valais but has also set their sights on developing networks in Ticino in the near future. By 2024 they aim to pay out more than CHF 22 million to local artisans and producers. 

Paul is confident that this development will enable MagicTomato to make a bigger contribution to supporting local and sustainable food systems: “We believe that sharing our governance and capital with all our stakeholders will drive our mission-driven company forward and ultimately generate more impact.”

Follow MagicTomato on Linkedin or view their fundraising page to find out more.

Interested in food system digitalization?

Join the Swiss Food & Nutrition Valley ecosystem and be partof the journey!

planetary raises CHF 7.5m to build microbial fermentation capacity globally and scale the new food evolution

planetary raises CHF 7.5m to build microbial fermentation capacity globally and scale the new food evolution

Valley member, planetary, has closed one of Europe’s largest early-stage investment rounds in the food industry. Their Swiss Manufacturing and Innovation Center will give fermentation front-runners the capacity to scale.

Geneva-based food-tech company planetary has raised $8.1 million (CHF 7.5m) in seed funding, led by leading Agrifoodtech investor Astanor Ventures and followed on by XAnge, Blue Horizon, Nucleus Capital and others.

In the race to advance product quality, viability, and mitigate climate impact, fermentation companies dedicated to alternative proteins raised $1.7 billion in investments in 2021 (GFI). The technology enables a scaled and cost-efficient production of sustainable, diverse and authentic analogues to animal derived foods and ingredients. Yet, industrial scale bioprocessing capacity remains a bottleneck to the industry and is largely unavailable.

David Brandes, co-founder and CEO, planetary: “By building an interconnected fermentation capacity network, we aim to open global and local market access to fermentation partners whilst reducing their operational risk and capital exposure.”

planetary set out to de-bottleneck the food fermentation industry by providing industrial-scale bioprocessing capacity and by building out infrastructure and developing related manufacturing IP. The added capacity will be made available to fermentation front-runners and brand owners (“originators”) following a contract development and manufacturing (“CDMO”) business model. Starting operations out of their Swiss Manufacturing and Innovation Center, MiC, the company aims to enable fermentation players to scale up and mass produce at low cost through the installation of industrial fermentation capacity, and to ultimately operate a global network of automated production plants.

“Fermentation technology is essential to creating the alternative protein products that can meet consumer demand for taste and nutrition. Current fermentation capacity is a major hurdle to the development of these products on a large scale. We are excited to support the development of planetary’s innovative infrastructure technology to address this need.” George Coelho, co-founder and Partner at Astanor Ventures. 


About planetary

planetary SA is an emerging Geneva, Switzerland based contract development and manufacturing partner (“CDMO”) building bioprocessing, downstream and formulations capacity globally. The company aims to provide capacity for both microbial precision and mycelial biomass fermentation players by operating a global network of interconnected production sites powered by upscaling specific IP. planetary is looking to establish partnerships with fermentation frontrunners and discuss both capacity and go-to-market opportunities in Switzerland and Europe alike.
Visit their website.

About Astanor Ventures
Astanor Ventures is a global impact investor that backs ambitious entrepreneurs with disruptive, scalable solutions that will create systemic change across the agrifood value chain, from soil to gut. They partner with founders that are committed to restoring balance and sustainability to the land and oceans, prioritizing nature and culture, nurturing change and feeding growth. Astanor has invested in 35 agrifood tech companies across the world, including: Ynsect (French insect farming unicorn), Apeel (US food waste unicorn), Infarm (German vertical farming leader), Modern Meadow (US advanced biomaterials company) and v2food (Australian plant-based protein leader).
Visit their website.

About XAnge
XAnge is a leading European venture capital firm based in Paris and Munich. We invest in European early-stage innovative technology companies operating in the fields of Digital consumer, Enterprise & Data, Fintech, and Deeptech. Since its creation in 2003, XAnge has backed more than 200 fast-growing companies in their entrepreneurial journeys. We work alongside visionary founders with strong values and International ambitions such as Ledger, Odoo, Lydia, Believe Digital. XAnge is the Venture arm of Siparex, an independent investment group with €2Bn under management.
Visit their website.

About Blue Horizon
Blue Horizon is accelerating the transition to a New Sustainable Food System that delivers outstanding returns for investors and the planet. The company is a global pioneer of the Future of Food. As a pure play impact investor, Blue Horizon has shaped the growth of the alternative protein and food tech market. The company invests at the intersection of biology, agriculture and technology with the aim to transform the global food industry. Blue Horizon was founded by Roger Lienhard in 2016 and is based in Zurich. To date, the company has invested in more than 60 companies. Its business model offers an attractive opportunity to invest in the evolution of the global food system while contributing to a healthy and sustainable world.
Visit their website

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Uplyfe: An AI-powered health coach helping 40k users to eat and live smarter

Uplyfe: An AI-powered health coach helping 40k users to eat and live smarter

Valley member Uplyfe uses AI to power its precision nutrition app, which empowers individuals to take control of their health goals. We spoke with Dr Isabelle Rottman, founder and CEO, about onboarding 40k users and how actors across the food ecosystem can benefit from the platform.

Describe Uplyfe in a single sentence. 
Uplyfe is an AI-powered health and nutrition platform that allows both healthy and chronically ill users to take control of their own health, in collaboration with medical service providers.

Why did you decide to found your company?
When my dad was diagnosed with diabetes, he received a lot of conflicting advice. Healthcare providers often work in silos, making the system difficult for patients to navigate. Advice needs to be both scientific and evidence-based, as well as simple enough for the average member of the public to understand. This is where Uplyfe come in. 

And how does it work? 
The user picks a health goal that motivates them. That could be improving their diet or implementing habits like daily blood pressure checks. Our AI-powered health coach then gives them personalized advice that reacts in real time to their health data, goals and needs. Users can choose to share this data with their health providers. But we don’t give diagnoses or replace professionals. We see ourselves as part of the individual’s broader network of support. 

What gets you out of bed in the morning? 
The fact that we’re offering a solution that our users value. We’ve recently onboarded our 40,000th user. The wave of lifestyle-induced chronic diseases has made the lives of so many people more difficult. We’re doing our best to make things a little easier for them.

What are you and your team working on at the moment?
We’re currently working on introducing the option of continuous glucose measurement. The data will allow users to get real-time nutritional recommendations based on their individual blood glucose response. We’ll be able to automatically track our users’ food intake by recognizing their individual blood glucose signatures for a specific meal or food. That will eventually automate food tracking and make meaningful precision nutrition interventions much more powerful.

What achievement are you particularly proud of? 
1 in 3 users checks in daily, and 74% of our users take up a more active lifestyle as a result of using the app. Anyone who has worked in the sector will know that ‘stickiness’ is the holy grail of the app world. We seem to have stumbled across some features – like our self-scanning food feedback feature – that really work for our users and keep them coming back.

How have you collaborated with others to strengthen your offer?
We recently received CHF 350,000 from Innosuisse, the Swiss innovation agency, to test the impact of our solution. We collaborated with Fachhochschule Nordwestschweiz and Luzern to confirm a correlation between app usage and positive health outcomes. We’ve also worked with CSS insurance to explore weight loss results for users with diabetes or cardiovascular conditions. We found that users typically lost 9.2% of their body weight in six months.

How can Valley members and the wider ecosystem get involved in your work?
On our B2B2C health platform we offer eight highly personalized nutritional plans covering 28 conditions, from osteoarthritis to menopause and type 2 diabetes. We’re always on the lookout for partners who are interested in offering their interventions to users in our programs or looking to develop co-funded projects. By working together we can achieve so much more than working in silos, and create personalized solutions for an even broader set of users. Please do reach out if this sounds like you!

Connect with Isabelle on LinkedIn or visit Uplyfe to find out more.  

Join the Swiss Food & Nutrition Valley ecosystem and be partof the journey!

AgroSustain kick off their commercial rollout

AgroSustain kick off their commercial rollout

AgroSustain – a rapidly growing UNIL spin-off – recently secured CHF 4.8 Million in their Series A funding round, followed by a FIT Tech Growth loan to the tune of CHF 500’000. The team has now kicked off their commercial rollout and have big plans for 2022. We sat down with Co-founder and CEO Dr Olga Dubey to find out more.

Describe your company in just a few words.
AgroSustain is a one-stop-shop solution for natural plant protection. We aim to reduce food waste and support sustainable food production by developing farm to fork solutions, like natural fungicides and coatings.

Why did you choose to set up your business in Switzerland?
I completed my doctorate at the University of Lausanne. When I discovered the natural compound that formed the basis of our products, I was so fortunate to be surrounded by a whole ecosystem of support.

Fellow SFNV member, Agroscope, were early adopters and have provided expertise and practical support from day one. They gave us access to labs and shared their expertise in running efficacy studies. Startup support through the BRIDGE, InnoTREK and Venture KIC programmes and coaching from Innosuisse has also been invaluable and helped us think through the best way to bring our product to market. Now we have our own offices in Renens and we’ve grown to a team of 12 people.

Tell us about your exciting news.
After working closely with partners to complete pilot trials over the last few years, we’ve now kicked off our commercial rollout. We’re already working with some amazing clients but we’re actively looking to connect with more growers, wholesalers and retailers who could benefit from our products. In addition to opportunities in the Swiss market, we are open for collaboration in the EU, LATAM and Africa.

The past few years have been difficult for many businesses. Have you been affected by the pandemic, for better or worse?
In early 2019, we’d just started our series A funding round. At that point we were focused on finding investors in the US and Germany who were interested in working with us to develop our natural fungicide. When the pandemic hit, we honestly thought it was all over.

But some potential clients were very positive about developing our coating solution for crops shelf-life extension. In fact, they were so eager to benefit from our product, they worked alongside us to conduct pilot trials in their premises, allowing us to monitor the crops lost and check how the coating was working, thus helping to come up with the final natural coating that protects over 15 types of fruits and vegetables. This collaboration was very immensely valuable and helped us to accelerate product development.

In reality, COVID helped us shift focus and move forward much faster than we would’ve done if we’d have stayed focused on the fungicide alone. It typically takes 5-7 years to get approvals in this space.

What have you learned along the way?
So much! We’ve learnt how to be agile. When you’re just setting out everything seems mission impossible. But I suppose this is always the case when you’re trying to develop something new. We’ve found that if you really listen to what your market is telling you, things start to fall into place.

One of our biggest learnings was around growing a team. Finding the right team is critical. It’s so important to find someone who shares your vision. As your team grows, you also need to learn to hire the right people who have complementary skills. Then you need to become a good manager and build a positive team culture. I was really fortunate to recruit an excellent management team that has a strong track record and really shares the vision I have for the business.

How would you like to support others in the Swiss food innovation ecosystem?
We’d be really interested in sharing our learnings with start-ups who are just setting up. We were really fortunate to benefit from the extraordinary support from other actors in the ecosystem. Now I’d like to share this knowledge to help others who are going through the same challenges. I’m actually speaking to the SFNV team about how we can use the Valley community to do this, alongside other members – watch this space!

What support could the SFNV community offer to aid collaboration in your sector?
We’re actively looking to grow our network and establish long-term relationships with clients – growers, wholesalers and retailers. We’d also be really interested in connecting with colleagues in larger businesses, like Firmenich and Givaudan to benefit from their experience in corporate strategy.

What’s next for Agrosustain?
This year, we’ll be focusing on our market extension. We’ll also be looking to raise another 5 million to accelerate the rollout. If you’re interested in joining us on this journey, I’d love to hear from you.

Connect with Olga to find out more or visit the Agrosustain website

Join the Swiss Food & Nutrition Valley ecosystem and be partof the journey!

Allcook.kitchen: serving low-waste, chef-crafted meals to 1,000+ tables across Switzerland

Allcook.kitchen: serving low-waste, chef-crafted meals to 1,000+ tables across Switzerland

Valley member Allcook.kitchen delivers low-waste, restaurant-quality meals to homes across Switzerland. A year after dispatching their first meals, the company is delivering to 1,000+ customers. We spoke with co-founder Sacha Thorey about the company’s commitment to local food, artisan partnerships and low-waste ethos.

Describe your company in a single sentence.
At Allcook.kitchen we deliver high-quality, restaurant-grade meals that are healthy and delicious, in innovative, low-waste packaging, to customers on a weekly basis.

What inspired you to launch your company?
Before our service launched, chef-cooked meals at home were only attainable for wealthy customers who could afford a private cook. We wanted to change that through a direct-to-consumer subscription model and vacuum-packing technology to guarantee freshness and flavour.

What gets you out of bed in the morning?
Three things. The tremendous responsibility that comes with feeding over 1,000 Swiss households. The fact that we’re producing food that is local, sustainable and low-waste. And the great feedback we get from our customers. One review simply stated: “Thank you for existing”. That was pretty motivating!

What’s different about your service?
We believe that plant-based nutrition is the future – and that businesses play an important role in helping consumers to shift their nutritional habits. In behavioural science, they call it “removing friction”. If someone wants to make a change, solutions should make it as easy as possible to do so. Only 5% of our customers are vegetarians, the rest are omnivores. But our meal choices are 40% vegetarian and vegan. We aim to create delicious plant-based recipes that even meat lovers will choose and enjoy.

What are you and your team working on at the moment?
We are almost constantly in ‘developing new recipes’ mode. We offer menus that change weekly, so we have to strike the delicate balance between food that works for weeknight meals and dishes that treat our clients – something that they can’t cook themselves.

Packaging innovation is also a big focus. We recently launched meals in compostable vacuum sachets made from corn. This allows customers to dispose of the packaging at home in an environmentally responsible way, while ensuring that meals retain their natural flavours and moisture.

What have you learnt in the last 12 months?
It’s important to have the right mix of skills in your team. We’re really fortunate here – my co-founder (and husband) Benoit has the culinary skills, Andrey takes care of web development and I lead on marketing. We’ve also learnt to iterate quickly based on customers’ feedback and achieve more with less.

Tell us about how you collaborate with others in the Swiss ecosystem.
We want to use Allcook.kitchen as a platform to showcase innovative local suppliers. For example, we partner with Terra Soja, an organic tofu brand made in Vaud. The chef, Madam Kim, combines traditional Korean cooking with exceptional Swiss quality. We see this as a real win-win situation. Artisan producers get to boost the visibility of their products and reach consumers across Switzerland, and we get to treat our customers to the latest, tastiest, locally-made products.

What support could the SFNV community offer to help you achieve your goals?
We’re keen to build a meaningful network with like-minded people who are passionate about nutrition and minimizing food and plastic waste. As the year progresses, we’ll also be looking for funding to scale. We’d love to hear from anyone interested in finding out more about what we do.

Share something we didn’t know about your company.
The subscription business model allows us to plan our production cycle up to one portion precision. As a result, we’re proud to say that we produce no avoidable food waste. As we scale, we should also be able to reduce waste in the value chain below us.

Connect with Sacha on LinkedIn or find out more on the Allcook.kitchen website.

Join the Swiss Food & Nutrition Valley ecosystem and be partof the journey!

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