$16m raised for alt food startup - All G Foods - Climate Action at its finest

Serial Entrepreneur - startup magician, Jan Pacas,  has secured $16m for his third startup - one of Australia’s largest seed funding rounds, for a new plant-based food company.

All G Foods has banked $16 million from investors, as well as securing a deal to stock burger patties in IGA supermarkets from September.

Pacas has previously co-founded pet care services marketplace Mad Paws and HR software company Flare.

So why is all G foods different from other Fake Foods?

All G Foods is investing in a fermentation technique to produce complex organic molecules with the hopes of making a new kind of dairy alternative.

Currently the market share of ‘alternative proteins’ in Australia is 1%. A long way to go to get market saturation !!