Miruku Raises NZD$5M; Closes NZD$8M Pre-Series A Funding
Summary
The round was led by Motion Capital with participation from Movac (who led the previous Seed round) and NZGCP’s Aspire NZ Seed fund, as well as Cultivate Ventures, Icehouse Ventures, and NZVC. The company intends to use the funds to advance development of its dairy seed system, conduct trials in support of regulatory approvals and co-develop products with food industry partners. Co-founded by Ira Bing, Amos Palfreyman, Oded Shoseyov, and Harjinder Singh, Miruku provides technology that enables the production of plant-based dairy alternatives directly from crops, offering a sustainable and efficient solution to meet global dairy demand. Its approach promises to reduce the environmental footprint of dairy production, aligning with global efforts towards sustainable agriculture. The company’s technology aims to provide a versatile substitute for animal-derived dairy ingredients in food production, aligning with consumer trends towards plant-based diets.