Bon Vivant Raises €15M to "Transform the Dairy Sector" Through Industrial Scale Production of Animal-Free Milk Proteins
Summary
Subscribe today and enjoy a wide range of exclusive perks to gain a competitive edge in the vegan business world!French Biotech Bon Vivant announces it has secured 15 million in an oversubscribed equity finance round led by Sofinnova Partners, Sparkfood, and Captech, for precision fermentation-derived whey and casein proteins for the B2B dairy alternative market. The company also states today its intention to commercialize in the US by 2025.Claiming to be one of the worlds only biotech companies developing both whey and casein proteins, Bon Vivant states this unique capability allows it to respond to specific requirements from the food industry, namely those of functionality and nutrition.St\xe9phane MacMillan, CEO and founder of Bon Vivant, comments today, We are very proud of this new stage in the development of Bon Vivant, which enables us to welcome leading investors from the biotechnology and agri-food industries to our capital. With the fresh capital, the company intends to bolster its R&D team in order to remain at the cutting edge of innovation in the field and lead the way in supplying animal-free milk proteins to key players in the market, helping the industry to meet the dual challenge of growing demand while limiting the environmental impact of its products.Funds will be allocated to accelerate its path to regulatory approval with a focus on the USA ahead of its intended 2025 launch. Its partners include European biotech leader Abolis, with which BV formed a strategic partnership this June to mass-produce milk proteins with the aim of becoming European leaders in animal-free dairy production.Notably, the company carried out a life cycle assessment earlier this year which demonstrated that its precision fermentation process reduces greenhouse gas emissions by 97%, drinking water consumption by 99%, and energy usage by 50% when compared with the production of conventional dairy milk. Speaking at the time, H\xe9l\xe8ne Briand noted, This marks not only a crucial milestone for Bon Vivant and its position as a European leader, but also for all stakeholders in our industry.