Vietnam's Earth VC Invests in Orbillion Bio to Scale Cultivated Meat Production
Summary
This collaboration highlights the growing interest and support for innovative solutions in the cultivated meat industry.Livestock farming is estimated to contribute approximately 11.1-19.6% of global greenhouse gas emissions. Cultivated meat grown from animal cells offers a promising alternative that could significantly reduce the environmental impact of traditional livestock farming.Earth Venture Capital views its investment in Orbillion Bio as a pivotal opportunity to support the cultivated meat industry, which they believe is one of the crucial innovations to mitigate greenhouse gas emissions from livestock farming.Orbillion, founded in 2020 by Patricia Bubner, Gabriel Levesque-Tremblay, and Samet Yildirim, specializes in producing Wagyu beef cells and aims to become a leading B2B supplier of beef muscle and fat cells.In September 2023, Orbillion successfully conducted a 200-liter production run in Singapore within an unprecedented timeframe of less than a month. This achievement supported their bioprocess adaptability to existing bioreactor infrastructure.Additionally, Orbillion partnered with Luiten Food, a European leader in premium meats, to bring cell-cultured Wagyu beef to over 35 countries, pending EU regulatory approval. The companys scalable technology relies on an asset-light production system, optimized bioprocesses, and a predictive algorithm for cultivated cells to enable rapid scale-up.The US ground beef market, valued at $78 billion, presents substantial growth opportunities for the company.This funding round brings Orbillions total raised funds to $15 million, primarily supporting the startups efforts to achieve pre-commercial scale and bring its first product to market. From Innovation to Investment: Dr. Poh Hui Chias Guide for Biotech Startups Fischer MVL and Wonder Tech Group Team Up to Enhance Global Mental Health Care