LONDON, UK: Clean Food Group, a UK-based bio-tech company that produces microbial oils from food waste, has announced a strategic collaboration and investment from Alianza Team, a Latin American food technology specialist with expertise in lipids, nutrition and frozen bakery.
The partnership will combine the strengths of both companies to develop and market sustainable, functional and cost competitive oils and fats products for global food manufacturers. The products will aim to replace commonly used and agriculturally intensive food ingredients, such as palm oil, with healthier and more environmentally friendly alternatives.
Alianza Team is investing in Clean Food Group’s current “Pre series A” funding round, which is expected to close in August 2023. The funding will enable Clean Food Group to accelerate the scale up of its technology platform and advance its regulatory and commercial pathways. Clean Food Group expects to complete a Series A funding in 2024, by which time the business will have validated technology at a commercial scale and have clear line of sight to near term revenue generation.
Clean Food Group’s technology platform is the result of eight years of pioneering research led by Professor Chris Chuck, Technical Lead at Clean Food Group. The proprietary technology platform uses proven, scalable yeast strains and fermentation technology and uses food waste as its food source, to deliver sustainable alternatives to traditional oil and fat ingredients.
Alex Neves, Co-founder and CEO of Clean Food Group, said: “We are delighted to be sharing the news of this investment and collaboration with Alianza Team today. The investment is further validation of Clean Food Group’s technology platform and is a key component in enabling the company to proceed to a successful close of our current funding round. The strategic collaboration with Alianza Team will drive forward our commercialisation strategy and support our objective to bring sustainable oils and fats on to the market, at commercial scale, within the next three years.”
Luis Botero, President and CEO of Alianza Team, said: “Alianza Team is committed to creating a new future of healthy and sustainable food choices for our customers. We are excited to be investing in and collaborating with Clean Food Group, an organisation where we believe our shared core values of innovation and sustainability will deliver healthier, more nutritional foods to improve our food systems for future generations.”