Financial news, corporate announcements, analysts’ reports
LONDON, UK: Agronomics, the leading listed company focused on cellular agriculture, has completed a subscription of $1.5 million in the form of a Simple Agreement for Future Equity (SAFE), in Ohayo Valley Inc. The Subscription will be paid using cash from the Company’s own resources. Ohayo Valley is a cultivated meat company, initially focused on…
LONDON, UK: Agronomics has participated for €3 million in the €6 million Bridge Round for investee company Solar Foods Oy in the form of a Convertible Loan Note (CLN). This follows the announcement that the State-owned Finnish Climate Fund has invested €10 million to aid the build out of Solar Food’s demonstration facility. Also joining…
LONDON, UK: Agronomics, the leading listed company focused on the field of cellular agriculture, has led a Seed Funding Round for with a US$ 2.2 million investment for California Cultured Inc. The financing is in the form of a SAFER (Simple Agreement for Future Equity). Joining the round includes global venture firm SOSV’s IndieBio. The…
LONDON, UK: Agronomics Limited, the leading listed alternative proteins company focused on cellular agriculture and cultivated meat, announced the disposal of its total holding of 40,000 shares in Oritain Global Limited for NZ$ 1.36 million (approximately £0.7 million), representing an IRR of 74%. Agronomics invested in Oritain in December 2019. The proceeds will be used…
LONDON, UK: Agronomics has led portfolio company VitroLabs Inc’s Series A funding round with a 7.0 million investment. The Subscription is part of a funding round being undertaken by VitroLabs with the proceeds being used to build and scale the world’s first pilot production facility of cultivated leather. Agronomics previously invested 3.5 million in VitroLabs…
LONDON: Liberation Labs Holdings Inc. has closed a $31.5 million convertible note, bringing its total raised to $50.5 million, including $19 million in insider bridge notes. The round saw participation from NEOM Investment Fund, Siddhi Capital, Meach Cove Capital, and a $7.4 million commitment from Agronomics. This funding, combined with public sector awards and loan…
LONDON: Shellbay Investments Limited, providing portfolio management and investment services, has appointed Dr Philip Boigner as its interim Chief Executive Officer with immediate effect. The appointment of Dr Boigner follows a strategic review by Mr James Mellon, the non-executive chair of Agronomics, and indirectly the sole owner of Shellbay. Mr Anthony Chow, the former Chief…
BERLIN: German food fermentation startup Formo has secured $61 million in Series B funding to scale its operations. The round includes existing investors, such as Foodlabs, EQT Ventures, Lowercarbon Capital, Happiness Capital, Elevat3 Capital and Grazia Capital, and welcomes new investors, such as Sazaby League, Seven Ventures, Woodline Partners, The Nature Conservancy as well as…
LONDON: Agronomics’ portfolio company GALY CO. has closed an oversubscribed US$ 33 million Series B financing led by Breakthrough Energy Ventures LLC, with additional participation from new investors H&M Group Ventures and Industria de Diseño Textil, S.A. (through Mundi Ventures). Founded in 2019 with a mission to find ethical and sustainable agricultural solutions, GALY Cotton is…
LONDON: Onego Bio Ltd, an Agronomics company, has secured EUR 14 million in new funding from the European Innovation Council Accelerator Program and an additional Series A investor. In April, Onego announced it closed EUR 37 million in its series A round which, including this new capital, brings Onego’s total funding to date to EUR…
The collaboration aims to develop capabilities in cultivated meat and establish a presence in Abu Dhabi, leveraging the Emirate’s strategic location and resources for growth
Rochester’s brewing industry, FIFCO USA, the parent company of Genesee Brewery and Labatt USA, has unveiled a $50 million investment plan spread over the next three years. This ambitious project aims to establish a state-of-the-art packaging facility and enhance innovation capabilities to meet the growing demand for Labatt Blue and Labatt Blue Light beers. The…