Why Chinese Alt-Protein VC Dao Foods Is Now Focused On Ingredient Startups
Updated: Sep 10, 2021
Originally published on Green Queen
Dao Foods, a China-focused alt-protein VC, is now turning its attention to supply-side solutions in the country’s burgeoning food tech ecosystem. After backing a number of consumer-facing startups in its first incubator cohort, the company is now welcoming its second group made up of five novel protein ingredient suppliers, from upcycled okara to microalgae.
Dao Foods has just announced its second cohort of China-focused startups, made up of companies who are offering novel ingredients to support the production of sustainable animal-free proteins in the country. The latest investment is part of Dao Foods’ plan to back 30 China-focused alt-protein startups within the next 3 years.