The Montana State University-backed edible protein developer has rebranded from Sustainable Bioproducts and received series B funding.
Nature’s Fynd, a US-based edible protein developer backed by Montana State University, raised $80m in series B funding on Tuesday from a consortium including agribusiness Archer Daniels Midland and food producer Danone.
Generation Investment Management and Breakthrough Energy Ventures co-led the round, which also featured 1955 Capital and Mousse Partners. The corporates invested through subsidiaries Danone Manifesto Ventures and ADM Ventures respectively.
Founded in 2012 as Sustainable Bioproducts, Nature’s Fynd has developed fermentation technology to grow protein using a fraction of the land and water resources required by traditional farming. It is based on research conducted at government agency Nasa.
Earlier this month, the company initiated production of a range of food and beverage products that contain calcium, fibre, vitamins and all essential amino acids without relying on animal sources. It plans to use the funding to double its headcount to 100 by the end of the…
Thierry Heles
Thierry Heles is the editor of Global University Venturing, host of the Beyond the Breakthrough interview podcast and responsible for the monthly GUV Gazette (sign up here for free).
