As we’ll soon report in our upcoming Africa AgriFoodTech Investment report in collaboration with FMO and BII, the trend for alternative protein products — those that offer consumers the experience of eating meat and dairy without the use of animal agriculture — is coming to the African continent. (To be one of the first to access this report, sign up to our newsletters here.). While it’s still in its infancy and not attracting anything like the investment we’re seeing in the global north — the majority of the $4.8 billion invested in Innovative Foods globally in 2021 went to European and US companies — there are a few African startups starting to serve flexitarian consumers on the continent. Interestingly we’re seeing more African alternative protein startups focus on cultivated – or lab-grown – meat and dairy alternatives as opposed to plant-based replicas

Plant-based and cellular agriculture investment marketplace Vevolution has raised $330,000 in a seed funding round led by Capital V, Kale United, and CULT