Cell Based Tech Weekly – Evolv Ventures Invests in New Culture, Agronomics Invests in Bond Pets
Categories Weekly Report
Evolv Ventures, the $100 million venture fund backed by Kraft Heinz invested in cell based cheese company, New Culture.
Other investors in the $3.5 million seed funding round included Bee Partners, Mayfield, CPT Capital, Boost VC and SOSV who followed on after its initial pre-seed investment through IndieBio. https://cellbased.link/d9q
Why We Care: The overall impact of cellular fermentation on the plant based industry has incredible potential for products like New Culture’s plant based mozzarella.
New Culture’s founder, Matt Gibson, and I exchanged an email. Here are his thoughts:
- “Cellular fermentation is key for us to be able to produce these fundamental proteins that don’t just provide taste but also the meltability, the texture and all the other traits we love about dairy cheese.”
- “Our Mozzarella will taste better and function better than the real thing.”
- “Our product will have no cholesterol, very little to no saturated fats and will be lactose-free.”
Other Investments
🐶 The public company we covered last week, Agronomics Limited (LSE: ANIC), made another investment in the cell based tech space.
Agronomics invested $150,000 in Bond Pets LLC, a Boulder, Colorado-based pet food company that is making dog and cat foods sourced from real meat protein synthesized through cell based technology. Bond grows the animal proteins through microbial fermentation and because it is incorporated into pet food, there is no need for 3D structure or scaffolding making the process easier than cell based meat for humans. Bond plans to make their commercial launch Q1 2020. https://cellbased.link/w8l
Events
Ever go to a Cell Based Meat Happy Hour? The evite doesn’t mention any tastings, so that’s disappointing, but you may find some schmoozing opportunities. Hosted by Cultured Meat Symposium, free, and open to anyone.
When: Tue, September 17, 2019 \\ 6:00 PM – 8:00 PM local time
Where:
