Bond Family Pet Foods, a biotech start-up utilizing fermentation to produce meat proteins for family pet food, reveals it has actually finished its Series A fundraising round amounting to $17.5 M. The start-up has actually likewise begun on a brand-new 15,000 sq. ft. production center in Stone, CO.
” We’re bullish about Bond’s method and their possible to alter the family pet food supply”
The oversubscribed round consisted of leading international agribusiness business ADM Ventures (Archer Daniels Midland Business) and Cavallo Ventures (Wilbur Ellis), along with institutional funds Genoa Ventures and Lever VC; and food/tech and sustainability financiers Thia Ventures and iSelect Fund, to name a few.
Musical icons Sia Isabelle Furler and Joan Jett likewise took part in the round.
A crucial pattern
The start-up prepares to utilize the brand-new financing to broaden its portfolio of meat proteins and start scaling production at a brand-new 15,000 sq. ft. center situated in main Stone. The financial investment will likewise permit it to triple the size of its group and strengthen business strengths in science, technical, and regulative affairs.
” We’re thrilled to be a part of this next chapter of Bond Animal Foods’ development,” stated Jorge Martinez, President, Family Pet Solutions for ADM. “Increasingly more, customers require their family pets consume the exact same sustainable, properly– produced food that they themselves consume, and proteins produced by accuracy fermentation are essential to being part of the future of the market.”
Accountable family pet food
Established in 2017, Bond Animal Foods mentions it is on an objective to produce more sustainable, accountable and gentle family pet food by reimagining meat proteins. To achieve this, the business uses accuracy fermentation methods to produce nature-identical, nutritionally-complete chicken, beef, fish and more for family pet food applications.
Formerly, the business raised $ 1.2 M in seed financing prior to partnering with leading pet food brand name Hill’s Animal Nutrition in 2021. Previously this year, Sia revealed she would be signing up with the brand name as a brand-new financier and consultant.
” A brand-new period”
” The business’s current accomplishments on pressure advancement and expense, along with their broadening relationships with international tactical partners, have actually verified Bond’s innovation platform and their capability to introduce a brand-new period of accountable protein for our family pets,” stated Jenny Rooke, Handling Director of Genoa Ventures. “We’re bullish about Bond’s method and their possible to alter the family pet food supply chain for the much better.”
