Mentioned:
No items found.
No items found.
No items found.
The production of coffee beans is notoriously bad for the environment. On an emission basis, coffee is one of the highest emitting crops that exists. Now, a new startup is trying to change that.
What’s happening:
- French crop tech startup Amatera has raised £1.5M in a pre seed funding round
- The round was led by PINC and included participation from Exceptional Ventures, Mudcake, Joyance Partners and others
The big idea:
- Amatera is developing a non-GMO approach to genome editing which enables them to cultivate their own coffee varieties and also bypasses the need for regulatory approval to sell their crops to farmers
- Their technology is based on accelerating a plant’s natural evolution at the cellular level which will help the end crop adapt to the environment and climate it is growing in
- Amatera believes this could be a breakthrough in developing new coffee varietals that are not vulnerable to extinction and can thrive in changing environments
Why it matters:
- The most popular coffee varieties in the world on a fast track to extinction largely due to deforestation and plant diseases
- Coffee has more harmful emissions than nearly any other type of food outside of dark chocolate and red meats
- There is a large, looming ethical issue around the conditions in which much of the coffee in the world is produced and growing concerns about human rights
The intrigue:
- Starbucks (NASDAQ: SBUX) recently created half a dozen coffee varietals that they believe will be able to be resilient against climate change
- Those new varietals will be given away to coffee farmers for free in hopes of creating a healthy global supply of coffee