Bond Pet Foods Closes $17.5MM in Series A Funding to Scale Nutritionally Complete Meat Proteins Produced Through Precision Fermentation
Summary
BOULDER, Colo., Sept. 7, 2022 /PRNewswire/ -- , the Boulder-based company creating meat proteins through fermentation for pet food applications, announced today that it has completed its Series A fundraise totaling $17.5 million.The oversubscribed round includes investment from global food and agriculture pioneers ADM Ventures (Archer Daniels Midland Company) and Cavallo Ventures (Wilbur Ellis); institutional funds Genoa Ventures and Lever VC; food/tech and sustainability investors Thia Ventures, iSelect Fund, Stage 1 Fund, Lifely VC and Satori Capital, as well as music icons Sia Isabelle Furler and Joan Jett.The funding will be used to expand Bonds meat protein portfolio and scale up production at a new 15,000 square foot facility in central Boulder. Weve expanded our capabilities in these categories and are proud to be part of the Bond Pet Foods journey, as they offer new opportunities to bring these growth trends together. Bonds production process is safe and established, similar to that routinely used to make common food ingredients such as lactic acid, vitamin B12 and enzymes for cheese production- no animal farming required. "The companys recent achievements on strain development and cost, as well as their expanding relationships with global strategic partners, have validated Bonds technology platform and their ability to usher in a new era of responsible protein for our pets," said Jenny Rooke, Managing Director of Genoa Ventures. Using some of the same processes that are employed in craft brewing, Bond produces high-quality animal proteins through fermentation, harvests them to better meet the nutritional requirements of companion animals, and supplies the ingredients to manufacturers for pet food, treat and supplement applications.For more information on Bonds technology and team visit bondpets.com or follow @bondpetfoods on Instagram, Linkedin and Twitter.