Imagindairy Closes Usd13M Seed Round To Advance Animal-Free Dairy
11/17/21, 7:00 AM
Location
Money raised
$13 million
Round Type
seed
Imagindairy, Ltd., a FoodTech company creating milk proteins identical to those from cows, announces completion of a $13M seed round. The funding was led by MoreVC, a leading seed stage investor in Israel managing $275M across three funds. Also joining this round: Strauss Group, Entrée Capital, S2G Ventures; Collaborative Fund, New Climate Ventures, Green Circle Foodtech Ventures; Emerald Technology Ventures and Pierre Besnainou. This round includes a pre-seed investment by Strauss Group, FoodSparks by PeakBridge, CPT Capital, and Entrée Capital earlier this year.
Company Info
Location
tel aviv, tel-aviv district, israel
Additional Info
With natural precision fermentation, the company creates true milk proteins that are indistinguishable from the real thing. The company will invest the funds in expanding its facilities, increasing its professional team, and boosting its R&D capacity to meet the demands of its partners."We evaluated Imagindairy's proprietary, deep-tech platform and immediately recognized its huge potential," explains Eran Bielski, General Partner at Entrée Capital. "Imagindairy feeds microorganisms instead of cows, and the select microorganisms the company employs are up to 20 times more efficient than cows at converting feed into food.