🥚 New in Funding: Animal-Free Egg Protein

🇧🇷 Brazil’s Aqua Capital closed its third flagship fund with $450 million, surpassing its $400 million target, to support sustainable agrifood solutions which contribute to carbon reduction, positive change in greenhouse gas emissions, and small and mid-sized farmers inclusion.

🥚 Onego Bio, based in Finland, secured $40 million Series A funding to commercialise its precision fermentation animal-free egg protein, Bioalbumen, for which it soon expects to obtain self-affirmed GRAS status in the US.

🌾 US-based Seso raised $26 million Series B funding to build the “premier platform” for agribusinesses to hire and manage their workforce and improve the lives of agricultural workers. 

🔬 UK-based, scientist-founded VC Empirical Ventures raised £8.25 million to support early-stage deep science startups solving “some of the most pressing challenges facing humanity”.

🇩🇰 Copenhagen-based REDUCED secured €6 million to convert food and agriculture side streams into useful ingredients using fermentation technology. It will use the funds to further expand its operations. Here’s why they were backed.

🇸🇪 Sweden’s Ironic Biotech secured €1 million pre-seed funding for its precision fermentation proteins which allow iron to be easily absorbed into the blood, designed to be used as an ingredient in food or food supplements.

🇮🇱 Israeli molecular farming startup Finally Foods emerged from stealth with a pre-seed investment from The Kitchen FoodTech Hub, with which it will develop protein from potatoes, starting with casein. Check out the backstory.