Cell Based Tech Weekly – Sustainable Bioproducts Name Change and Series B Funding

Chicago based Sustainable Bioproducts, the company making animal-free protein from microbes, changed their company name and also raised $80 million in a Series B round. https://cellbased.link/t3y

• New Name: Nature’s Fynd (pronounced find)
• Series B Investors: Generation Investment Management (chairman is Al Gore) and Breakthrough Energy Ventures (funders include Bill Gates, Jeff Bezos, Richard Branson and Michael Bloomberg). ADM (Chicago-based ingredients giant), and Danone (French dairy company). 
• New Manufacturing Facility: 35,000 square foot facility located on the site of the historic Union Stockyards in Chicago’s South Side. 

The fermented microbes (sourced from Yellowstone National Park) are said to be a versatile ingredient that can be transformed into a variety of products from plant based chicken nuggets to chocolate mousse and Nature’s Fynd plans to commercialize food and beverage products across breakfast, lunch, dinner, and snack occasions.