Woolworths’ venture capital fund W23 has injected funding into the Sydney-based alternative protein start-up All G Foods which has already receives AUS16m last year. The company produces a range of plant-based products branded as Love BUDS and will use the funding to expand product lines, including a move into animal-free dairy using precision fermentation technology. MilkCELL, the dairy arm of the company, is expected to launch in two to three years,
Woolworths has established W23 in 2019 to invest in innovative food technology.
