Launched in March 2022 by Agronomics and Roslin Technologies, cultivated family pet food business Good Dog Food (GDF) has actually raised £3.6 million in a seed funding round.
“We aim to bring some of the first-ever cultivated meat products to market”
Agronomics (ANIC:LSE), the UK’s leading biotech VC, revealed its involvement in the round with a £1 million financial investment. It now holds 8,768 shares in GDF, representing 42.4 percent of the business.
Siddhi Capital, a financier in ingenious food, and other personal people likewise took part in the seed round. Executive Director of Agronomics, Jim Mellon, backed the London-based family pet food business with £300,000, ending up being a 2.99% investor.
Revolutionizing the family pet food market
Owen Ensor, CEO of Good Dog Food, said: “We’re extremely excited to work with Agronomics. Their industry-leading expertise and advice have been fundamental to the ongoing success of Good Dog Food. With their support, we aim to bring some of the first-ever cultivated meat products to market and, ultimately, help transform our food system into one that is both sustainable and ethical.”
GDF intends to transform the family pet food market with ingenious slaughter-free items. The business argues that meat production considerably affects the environment, adding to environment modification and overexploiting natural deposits.
Decarbonizing the world’s protein production
By leveraging cellular farming, GDF is taking a brand-new technique to family pet food production to establish sustainable, antibiotic-free meat active ingredients for healthy family pet food. Since policies for unique active ingredients for family pet food are softer, advertising cultivated dog food will be much easier and faster than cultivated meat for human beings, argues GDF.
The business says it has actually produced model items which is already building relationships with essential family pet food producers and merchants.
“Cellular agriculture is one of the only technologies with the potential to decarbonize the world’s protein production system while meeting the protein needs of the growing global population, and its significance continues to grow as many companies look to move out of the R&D stage and into commercial production,” Anthony Chow, co-founder of Agronomics informed vegconomist.
