logo
logo

Imagindairy Closes Usd13M Seed Round To Advance Animal-Free Dairy

Nov 17, 2021•over 3 years ago

Amount Raised

$13 Million

Round Type

seed

Tel Aviv

Description

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 Information

Company

Imagindairy

Location

Tel Aviv, Tel-Aviv District, Israel

About

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.

Funding Insights

Based on industry data
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech