The food tech industry in Israel seems to be replacing the darling of venture capitalists – internet start-ups – more and more. Venture capitalists have understood: Israel feeds the world. Learn more on VonNaftali: SUbscription $29,90/12 months (net)
Equinom, the company on a mission to cultivate better food from the ground up, has announced a $35 million tranche of funding to bring more of its optimized plant protein ingredients to market.
The capital raise was led by Synthesis Capital (Synthesis), a leading global food technology and alternative protein investor, with additional investment from Praesidium, Bunge Ventures, the for-profit global investment arm of Bunge, BayWa, CPT Capital and returning investors Fortissimo and Phoenix. This brings the total funding for Equinom to over $71 million to date, according to the most recent press release by Equinom.
Equinom is a company on a mission to cultivate better food from the ground up. Equinom uses its Manna™ technology platform and vast seed vault to restore natural biodiversity to our existing food supply – by breeding higher quality, non-GMO source crops optimized for food that require minimal processing.
Alternative to Meat
With expertise in food, technology and agriculture, Equinom breeds new non-GMO varieties of the plant-based food industry’s primary source crops including pea and soy, optimized specifically for food, so they require only minimal processing, thereby improving taste and nutrition and reducing cost and complexity.
This is made possible by the company’s proprietary Manna™ technology platform which uses advanced algorithms to characterize the biochemical and genomic traits in a vast array of seed varieties, enabling the development of new ingredients with desirable traits for food production (such as mild taste, light color, high protein, etc.) – all without genetic modification.
As a result, these new minimally processed plant proteins enable food companies to develop offerings that meet consumer demand for tastier and more affordable sustainable alternatives to meat and dairy.
Of Relevance > Israel feeds the World
Based on press release from Equinom, selected as relevant, shortend and re-grouped by VonNaftali