# 70/30 Food Tech

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/70-30-food-tech

- Industry: Food
- Headquarters: Shanghai, China
- Website: https://7030foodtech.com/
- Total disclosed funding: $0.7M
- Latest round: Seed (Feb 20, 2024)
- Investors on record: 3

## About

Based in China, 70/30 Food Tech operates as a innovator in plant and mycelium-based ready meals, utilizing fermentation technology to enhance health-focused food options for a sustainable lifestyle.70/30 Food Tech specializes in creating plant and mycelium-based food products. Founded by Eve Samyuktha, the company is headquartered in Shanghai, China. In February 2024, it raised USD 700,000 in SEED funding from Better Bite Ventures and other investors, which is the total amount raised so far. The company has been involved in 2 deals, indicating its active engagement in funding activities.70/30 Food Tech specializes in creating innovative plant and mycelium-based ready meals that leverage fermentation technology to enrich human health. Their core offerings include frozen and chilled ready-to-heat meals designed for convenience, as well as DIY kits that are semi-finished, pre-weighed, and nutritionally balanced. These products primarily serve health-conscious consumers seeking sustainable food options that are both accessible and affordable. The meals mimic the texture and nutritional profile of shredded chicken, making them appealing to those looking for meat alternatives. The company primarily targets markets across Asia, focusing on regions with a growing interest in alternative protein sources and sustainable food practices.70/30 Food Tech operates on a business model that includes direct-to-consumer sales and potential partnerships with retailers and wholesalers. The company’s revenue is generated through the sale of its ready meals and DIY kits, positioned as affordable yet innovative food solutions for a health-conscious audience. Transactions occur on a per-item basis, allowing consumers to easily access their products without long-term commitments. The pricing structure reflects the company's commitment to affordability, promoting healthy and sustainable eating habits. As a unique player in the alternative protein market, their offerings are expected to capture interest from consumers in both urban and rural areas across Asia.In February 2024, 70/30 Food Tech raised USD 700,000 in seed funding, which will be utilized to accelerate research and development services and expand market presence. The company is focused on designing and launching new products, although specific details on release dates have not been provided. Targeted expansion plans include markets within Asia that are showing increased demand for alternative protein sources.

## Funding rounds

- Seed, Feb 20, 2024, $0.7M — Dao Foods International, Inc., Unovis Asset Management, Better Bite Ventures
- Seed, Aug 3, 2022 — Dao Foods International, Inc., Unovis Asset Management

## Investors

- Dao Foods International, Inc. — Seed
- Unovis Asset Management (https://capitalatlas.ai/funds/unovis-asset-management) — Seed
- Better Bite Ventures (https://capitalatlas.ai/funds/better-bite-ventures) — Seed