Melibio Announces $5.7M Seed Funding To Make Real Honey Without Bees
03/17/22, 3:30 PM
Location
san franciscoMoney raised
$5.7 million
Round Type
seed
MeliBio, Inc., the world’s first food-tech company focused on creating real honey without bees, announced a $5.7M Seed round to scale its proprietary technology of precision fermentation and plant science and launch its first line of commercial products. The round is led by Astanor Ventures, with participation of existing and new investors.
Company Info
Location
san francisco, california, united states
Additional Info
The company aims to provide their product to food, beverage, and cosmetics companies looking to offer a sustainable and vegan product to the fast-growing demographic of plant-based, environmentally conscious, and clean-beauty consumers.The $10 billion dollar global honey industry is facing many challenges including broken and complex supply chains, decreased yields, price volatility, and quality issues. MeliBio was founded in 2020 in Berkeley, CA by Latinx scientist and amateur chef Aaron Schaller, PhD, and Serbian immigrant and honey industry executive Darko Mandich.Darko Mandich, CEO & Co-Founder of MeliBio,