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Protein Industries Canada Raises $10.5M Series A

Recently funded · $10.5M Series aFarming, Ranching, ForestryCAView source

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The plant-based protein sector just saw a significant capital injection, with Protein Industries Canada announcing it has raised $10.5M in a Series A round. The investment comes from Inter Ikea Development BV, Lever VC, and notably, Protein Industries Canada itself.

This not-for-profit corporation operates as an industry-led value chain consortium, bringing together small and large enterprises across food and food ingredient manufacturing, agriculture, R&D, and various related services. Its board is comprised of industry leaders, guiding its efforts to foster innovation and growth in the sector.

From the source

Anay · Jun 11, 2026

NS/TX Industries has raised $10.5M in new funding co-led by IKEA. The Canadian startup, which evolved from New School Foods last year, has closed a Series A round led by Inter Ikea Development BV and Lever VC, alongside non-dilutive financing from Protein Industries Canada.

NX/TX Industries makes whole-cut plant-based salmon, beef and pork using a proprietary scaffolding technology that emulates the muscle fibres of animals. “These scaffolds mimic both the macrostructure of the animal product, including the shape and the arrangement of fat versus muscle tissue sections, while also recreating the microstructure," founder and CEO Chris Bryson tells Green Queen Media.

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