Alt-protein sector: Alternative protein start...
Alt-protein sector

Alternative protein start-up secures $25m

Imago / ITAR-TASS
“We are confident with investors like this, we can accelerate our commercialisation objectives and lead food innovation in Asia-Pacific,” said All G Foods Founder and CEO, Jan Pacas.
“We are confident with investors like this, we can accelerate our commercialisation objectives and lead food innovation in Asia-Pacific,” said All G Foods Founder and CEO, Jan Pacas.

AUSTRALIA, Waterloo. Alternative protein start-up All G Foods announced the raise of $25m to promote the production of its milk and plant-based alternative technologies.

In a Series A funding round, led by venture capital company Agronomics Limited and their affiliate investment vehicle New Agrarian Company, the $25m secured will be invested in the commercialisation objectives for the company’s cellular agriculture and plant-based technologies.


All G Foods Founder and CEO, Jan Pacas said “We could not be happier with Agronomics leading our Series A round due to their wealth of experience in funding the cellular agriculture sector.”

In addition to its plant-based meat business, All G Foods has dairy precision fermentation expertise and a focus on casein micelle formation which is critical for full functionality in dairy products. All G Foods is making advancements in the precision fermentation dairy category to disrupt the US $700 billion global dairy market.

Source: All G Foods
tags:
funding

Newsletter-Service

With our free newsletters, we can provide you with the most important industry news and useful practical tips from Germany and around the world.

 
stats