Toronto-based food manufacturing company NS/TX Industries has closed $10.5 million in Series A funding and non-dilutive grants to scale its alternative protein manufacturing platform and begin construction of a new automated assembly line.
The equity portion was co-led by Inter IKEA Development BV and Lever VC, with participation from Good Startup, Verdex Capital, and founder Chris Bryson. Non-dilutive capital came from Protein Industries Canada. The company has now raised over $30 million in total.
A new assembly line
The capital will fund construction of a V2 Assembly Line at NS/TX’s 28,000-square-foot facility in downtown Toronto, automating its proprietary texturization and scaffolding process and increasing capacity by more than tenfold. The company launched its first commercial line in late 2024 and has since reported a tenfold reduction in production costs through process improvements, machinery upgrades, and digital quality assurance systems.
Solving key scale-up challenges
NS/TX’s scaffolding technology is designed to overcome the limitations of conventional extrusion, which handles ground and formed products but struggles to replicate the fibrous structure of intact cuts. The platform supports red meat and seafood analogues across formats including steaks, filets, and burgers via a single assembly line process.
Raffaele Govinazzi, Innovation Ventures Leader at Inter IKEA Group, said the company had demonstrated “rapid progress in solving key scale-up challenges,” while founder and CEO Chris Bryson said the new line would allow NS/TX to “work with leading brands across the globe to make our technology, production capacity, and products available to them.”
