Sundial Foods, a startup based in California that specializes in alternative meats, has recently ceased operations and sold its intellectual property to a large European food company.
Sundial Foods gained recognition for its innovative protein-structuring technique and introduced plant-based chicken wings made from chickpeas, sunflower oil, and nutritional yeast. These wings, available in select restaurants in New York and San Francisco in 2022, featured a distinctive protein-lipid film that resulted in a crispy edible skin.
Despite participating in the Nestlé R&D Accelerator program and securing funding, the startup encountered challenges in the fundraising environment, leading to the decision to partner with a larger company that possesses the necessary resources and distribution network to further advance its technology.