![]() The CEO said the company wanted to achieve some internal milestones before going after new funding, including getting to the point where it could translate the science into product validation. ![]() ![]() Including the new capital infusion, Nourish has raised about $40 million in total and increased its valuation, though Petrie declined to disclose the actual value. Instead, the company engineered proprietary precision fermentation strains that can manufacture fat molecules at scale to give alternative proteins that animal meat-like flavor, smell and taste, Petrie added. ![]() People began realizing that they were “trying to fit a square peg into a round hole with these ingredients,” he explained. It was that need to reach a wide variety of customers that has been most helpful to Nourish. You’re reaching through, not only to the vegans and vegetarians, but also reaching through to the carnivores and getting them to keep coming back to the foods. “Until they do improve, you really cannot see market ignition. “I think that heat has gone out of the market to a large extent, which is pretty much the main reason we exist, because our view is that these foods can improve,” he said. It is one of the few companies in the food tech sector focused on developing the fats and oils that make alternative proteins have better smell, taste and cooking capabilities than traditional meat.Ĭreating that flavor parity has been one of the lingering challenges for alternative protein makers, James Petrie, co-founder and CEO at Nourish Ingredients, told TechCrunch. We previously profiled the Australian company in 2021 when it raised $11 million. Prof.Nourish Ingredients, a food tech company that creates animal-free fats using synthetic biology, secured $28.6 million in Series A funding, led by Horizons Ventures and supported by Main Sequence Ventures and Hostplus. Are you an expert from this institution? Register to writeĪssistant Professor in Law and Autonomous Systems, University of NottinghamĪssociate Professor of International Studies, University of NottinghamĪssistant Professor in Ancient Greek History, University of Nottingham.Impact: The Nottingham Campaign, its biggest ever fundraising campaign, will deliver the University’s vision to change lives, tackle global issues and shape the future. The University won a Queen’s Anniversary Prize for Higher and Further Education for its research into global food security. The University aims to be recognised around the world for its signature contributions, especially in global food security, energy & sustainability, and health. ![]() More than 90 per cent of research at The University of Nottingham is of international quality, according to the most recent Research Assessment Exercise. It is ranked in the World’s Top 75 universities by the QS World University Rankings. It is also one of the most popular universities among graduate employers, one of the world’s greenest universities, and winner of the Times Higher Education Award for ‘Outstanding Contribution to Sustainable Development’. The University of Nottingham has 42,000 students and is ‘the nearest Britain has to a truly global university, with campuses in China and Malaysia modelled on a headquarters that is among the most attractive in Britain’ (Times Good University Guide 2014). ![]()
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