Rival Foods raises €6M Series A

On the 14th of September, Rival Foods announced its €6 million Serie A investment. This investment is led by PeakBridge, and joined by Roquette Ventures. PeakBridge and Roquette Ventures were chosen as strategic investors, given their deep domain expertise in Foodtech, and specifically in alternative protein technologies upscaling. Rival Foods will use this funding to develop category-winning products, expand its operational capabilities, scale-up its unique technologies and develop new formulations with next-gen protein sources. Moreover, Rival Foods expects to bring first products to market in the second half of 2023.

More than ever, consumers are demanding plant-based protein products that are as delicious, nutritious and affordable as animal-derived meat products. Nearly half of flexitarians (45%) think that there are not enough plant-based choices in supermarkets and restaurants[1]. One of the biggest white spaces in the alternative protein space is the knowledge and technology needed to produce thicker, 3D plant-based meat products that more accurately mimic animal products like chicken breast, pork chop, and salmon filet[2]. The market for whole-cut meat products is vast and currently underserved by alternative proteins. Moreover, consumers are seeking clean label products and that today’s alternatives have often have a long ingredient list is undesired.

Rival Foods jumps in this white space by offering the true whole-cut experiences in size, texture, juiciness and taste. Rival Foods develops new technologies, machines, processes and product formulations that serve to create game-changing plant-based food products which outcompete animal protein on quality, health, environmental impact and cost. Rival’s production process transforms a wide variety of plant-based ingredients into high-quality textured protein foods with an unparalleled fibrous texture, rich mouthfeel and juiciness, using very few clean-label ingredients. Rival Foods center of plate products are a nutritious, benign and sustainable alternative to whole-cut animal products.

About Rival Foods

Rival Foods is a technology spin-off company from the Wageningen University & Research founded in 2019 by Birgit Dekkers and Ernst Breel with the mission to enable uncompromised plant-based eating experiences around the world. Thereto, Rival Foods develops new technologies and processes to deliver the world’s best plant-based whole-cuts and future products. Rival Foods can transform a wide variety of plant-based ingredients such as soy, pea, wheat, fava, sunflower, rapeseed, etc. into products with great texture, rich mouthfeel and juiciness, making a future-proof proposition for the food industry and consumers.

Aside from technology, Rival Foods also works together with leading chefs, food professionals and industry players. In these collaborations, Rival Foods explores opportunities to create exciting eating experiences that fit with local food culture and make animal products obsolete.

To find out more, go to: https://rival-foods.com/

Rival Foods : info@rival-foods.com

About Peak Bridge

PeakBridge is a pioneering global fund manager in the Agri-FoodTech sector, focusing on scalable, and ESG-positive seed and growth companies with protectable technologies. PeakBridge invests in and works with entrepreneurs who are the true stewards of the food innovation and technology necessary to nourish people in the most sustainable and efficient way. PeakBridge invests in and supports the growth of startups with a focus on impacting key areas of ingredient innovations, alternative protein technologies, digitization, nutrition and health and novel farming systems. PeakBridge is a core member of EIT Food and a partner of Edmond de Rothschild Private Equity. 

To find out more, go to: https://peakbridge.vc/

About Roquette Ventures

Founded in 2015, Roquette Ventures is an investment company supporting pioneer innovations for Food, Nutrition and Health markets. As a long term strategic partner, Roquette Ventures helps the companies they invest in to accelerate the development of their projects and boost growth. Roquette Ventures invests in inspiring, passionate and forward looking teams and in projects that develop the best natural-based innovations for Food, Nutrition and Health markets, anywhere in the value chain. Roquette Ventures is driven by the desire to invest in innovative companies with a strong growth potential throughout the world.

To find out more, go to : https://fr.roquette.com/roquette-ventures


[1] ProVeg consumer research

[2] The Good Food Institute

Everything must fall in the right place – Rival Foods in AgriBusiness magazine

Birgit Dekkers explains how Rival Foods works on getting everything right in the creation of the next-generation meat analogue products. All sensorial attributes of meat analogue products must match the expectation of the consumer. One of the main hurdles in creating so-called ‘whole-cut products’ is texture, which in animal-derived products consists of long fibres and a juicy bite. Rival Foods is uniquely positioned to recreate this experience with only using plant protein ingredients and Rival Foods unique mild texturization process.

Read the full article here on AgriBusiness magazine.

(C) Koos Groenewold

Rival Foods and LIVEKINDLY Collective Enter Partnership to Develop Plant-Based Whole-Cut Products

NEW YORK–(BUSINESS WIRE)–Rival Foods, a plant-based gastronomy start-up, and LIVEKINDLY Collective, a collection of heritage and start-up brands on track to become one of the world’s largest plant-based food companies, today announced they will enter into a partnership to create the perfect plant-based chicken, helping consumers make sustainable choices without compromise.

Through this collaboration, Rival Foods and LIVEKINDLY Collective will be able to leverage their complementary knowledge and resources, providing a new model for rapid product innovation.

“The key to persuading consumers to adapt their behavior is creating delicious plant-based options that deliver on taste and texture and can truly replace animal-based products,” said Birgit Dekkers, Co-Founder of Rival Foods. “The fibrous texture of whole-cut meat products is one of its most distinct features, and we are able to replicate that experience, ensuring a sensorial superiority within the plant-based product category.”

Rival Foods has developed and commercialized a production process to transform plant-based ingredients into high-quality textured protein foods with an unparalleled fibrous texture, rich mouthfeel and juiciness, using very few clean-label ingredients.

“Our plant-based food platform is uniquely positioned to scale rapidly and transform the current global food system,” said Kees Kruythoff, CEO and Chairman of LIVEKINDLY Collective. “Through this open innovation model with Rival Foods, we will be able to develop a new generation of innovative, delicious, and nutritious plant-based products that meet the growing global demand for animal-free food.”

LIVEKINDLY Collective is building a robust ecosystem of founder-led plant-based brands under the leadership of global food executives, including Oumph!, The Fry Family Food Co. and LikeMeat, and the company’s media and lifestyle platform, LIVEKINDLY. The company actively collaborates with frontrunners in the plant-based protein industry at all levels of the value chain, from “farm to fork,” supported by a global network of suppliers, distributors, and customers.

About Rival Foods

Rival Foods is a technology start-up founded in 2019 by Birgit Dekkers and Ernst Breel with the mission to enable uncompromised plant-based eating experiences around the world. This is achieved by utilizing new technologies and processes to deliver the world’s first plant-based whole-cuts. Rival Foods is a spin-off company from the Wageningen University & Research in The Netherlands and is technology- and knowledge-driven in its pursuit to create the ultimate plant-based protein whole-cuts. Rival Foods can transform a wide variety of plant-based ingredients into products with great texture, rich mouthfeel and juiciness using limited ingredients.

Aside from technology, Rival Foods also actively engages in the market by working together with leading chefs, food professionals and industry players. In these collaborations, Rival Foods explores opportunities to create exciting eating experiences that fit with local food culture and make animal products obsolete.

About LIVEKINDLY Collective

LIVEKINDLY Collective was founded by Blue Horizon Group on the belief that plant-based alternatives have the power to make the global food system sustainable. As a collective of entrepreneurs and business leaders from across the globe, LIVEKINDLY Collective is uniquely positioned to create impact with speed, at scale – because of its unique capabilities and purpose-driven mission to effect change through sustainable, cruelty-free, plant-based alternatives. Through its portfolio of brands, Oumph!, The Fry Family Food Co. and LikeMeat, LIVEKINDLY Collective is making plant-based eating the new normal and providing consumers around the world with healthy, sustainable, delicious food options. Furthermore, LIVEKINDLY Collective is the voice of the movement, communicating informative, entertaining and inspiring content about veganism and the environment through its media and lifestyle platform, LIVEKINDLY.

Rival Foods wins Rabobank Duurzame Innovatieprijs

Rival Foods has won the competitive Rabobank Duurzame Innovatieprijs 2020 in the category Food&Agri! On top of the category prize, worth EUR 20.000,-, Rival Foods also won the Public prize, thanks to the public votes cast in the weeks prior to the finals. This prize consists of EUR 3.000,- in the form of a scale-up scan by ScaleUpNation.

Read more about the winners and finalists on: https://www.vmt.nl/duurzaamheid-mvo/nieuws/2020/12/winnaars-rabobank-duurzame-innovatieprijs-2020-rival-foods-susphos-en-bilihome-10144910?_ga=2.18872377.1076680231.1606815179-40451192.1606815179

OostNL supports Rival Foods

Currently, most animal protein analogue products are substitutes for burgers or sausages. Rival Foods creates plant-based alternatives for whole-muscle products, such as loins, filets and whole-cuts. OostNL supports regional entrepreneurs with their growth voucher program, of which Rival Foods also makes use. This allows Rival Foods to accellerate development and obtain a head start in the market.

Read More about the OostNL program on their website.

Rival Foods Lab cooking

The Good Food Institute Competitive Research Grant awarded to Rival Foods

Transforming the global food system is more critical than ever. Rival Foods is dedicated to accelerate the transformation to a more sustainable, future-proof food system. This resonates well with the mission of The Good Food Institute: we are honoured to be one of the winners of the 2019 competitive research grant program of The Good Food Institute.

The Good Food Institute Rival Foods

Learn more about our work and the GFI grant program here.

Rival Foods @ World Food Center

Rival Foods World Food Center

These days consumers pay more attention to food than anything else. The World Food Center located in Ede brings together consumers, food professionals, producers and innovators, further growing the added value the region (also known as the ‘Food Valley’) can offer to food entrepreneurs. Roots is one of the latest additions to the World Food Center campus, offering space and infrastructure for agri- and food related startups. Rival Foods recently made the move to Roots. Read on the plans and ambitions of the World Food Center and Rival Foods in the latest edition of Vallei Business Magazine.

Towards meat analogues with bite

Rival Foods On Land

The Dutch popular science webmagazine Scientias recently published an article featuring the research line of Prof. Dr. Atze Jan van der Goot on structuring of plant proteins using shear cell technology and Rival Foods commercializing shear cell technology.

Ernst Breel, co-founder of Rival Foods, explains that Rival Foods is developing the production process and end products in three product categories: At Sea, On Land and With Wings. In each category texture is the key differentiator. The texture of At Sea mimicks the fine and layered texture of fish fillets, On Land mimicks the heterogenous fibrous texture of red meat products and With Wings mimicks the finer, more homogenous texture of white meat products.

Our texture are completely different compared to existing products. We believe texture is the new taste.

Ernst Breel, Co-Founder of Rival Foods

Rival Foods explains currently production process development is a key priority, and first products are expected to be shipped starting in July 2020. This will be at very small scale still, which will gradually be axpanded as soon as the process can be scaled up.

Read the full article here (Dutch): https://www.scientias.nl/gaan-we-naar-een-vleesloze-wereld-de-introductie-van-de-vleesvervanger-met-bite/