Australian owned and made alternative protein start-up, All G Foods today announced the raise of $25m to accelerate the production of its next-generation milk and plant-based alternative technologies.
Agronomics Limited and their affiliate investment vehicle New Agrarian Company is leading this A round supporting All G Food’s mission of designing a sustainable food future.
The $25m secured is part of a larger expected round which will position All G Foods as one of the top funded companies in the cellular agriculture and plant-based sectors in Asia-Pacific.
This investment will enable All G Foods to accelerate their commercialisation objectives in both technologies, cementing them as a food innovation lead in the region.
Mr Pacas commented “I could not be prouder of the work my team puts in day to day. It is this commitment that leads to strong investment value. We could not be happier with Agronomics leading our Series A round due to their wealth of experience in funding the cellular agriculture sector.
When looking for investment it is critical for us that our investors share our vision for developing technology that can change the way we impact the planet through categories that are simply not sustainable as our populations grow. We are confident with investors like this, we can accelerate our commercialisation objectives and lead food innovation in Asia-Pacific.”
In addition to a fast-growing plant-based meat business, All G Foods has leading dairy precision fermentation expertise and a focus on casein micelle formation that is critical for full functionality in dairy products.
All G Foods is making advancements in the precision fermentation dairy category, to disrupt the US $700 billion global dairy market.