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HN Novatech Bags Funding and Unveils Seaweed Heme-Based Ingredient: Acomos

Korean food-tech startup HN Novatech has made a groundbreaking announcement that could redefine the future of plant-based meat. On August 16, 2023, the company launched ACOMS, the world's first proprietary heme-based seaweed ingredient for plant-based meat applications. The launch event in Singapore was jointly organized by Singapore Tembusutech Innovation and KILSA Global, and attended by leading Southeast Asian investors.

The Innovation: ACOMS

ACOMS is a unique protein extracted from seaweed that imparts an "accurate meat" flavor to plant-based meat products. Unlike many plant-based alternatives that rely on artificial additives and chemical flavor enhancers, ACOMS is additive and preservative-free. This positions HN Novatech as a leader in sustainable and cutting-edge food ingredient alternatives.

Context and Market Relevance

Sean Tan, Co-founder of KILSA Global, highlighted the historical significance of seaweed in Asian diets and its potential in meat alternatives. The enthusiastic response from the event indicates a strong move toward sustainability and opens up new avenues for integrating oceanic vegetables into modern diets.

Financial Milestones

Despite a challenging funding environment that saw a 48% drop in global venture funding in the first half of 2023, HN Novatech secured $4 million in its Series-A bridge round. Logan Ventures led the investment, emphasizing the rising global demand for delicious and healthy natural meat alternatives.

Future Prospects

HN Novatech has ambitious plans for global expansion, starting with the Asia-Pacific region. The company aims to establish itself as a globally acclaimed novel food materials leader and has already begun the construction of a food technology processing facility in Korea. With a world-class team of biotech engineers, food scientists, and nutritionists, the company is well-equipped to tackle the challenges ahead.

HN Novatech's launch of ACOMS marks a significant milestone in the plant-based meat industry. With its unique, natural, and sustainable approach, the company is poised to make a substantial impact in a market projected to grow to USD 12.30 billion by 2029. As HN Novatech continues to innovate and expand, it is undoubtedly a company to watch in the evolving landscape of sustainable food technology.


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