Venture Capital: Brown Foods, Maker Of Alternative Milk From Cell Culture, Nabs $2.36M Seed Round

https://dailyalts.com/wp-content/uploads/2022/06/UnrealMilk.jpg

Cell-cultured milk tastes more like real cows’ milk versus plant-based alternative milk.

Alternative milk creator Brown Foods, which recently graduated from startup accelerator Y Combinator, has raised a $2.36 million seed round backed by AgFunder, SRI Capital, Amino Capital, Collaborative Fund, a group of individual angel investors, and Y Combinator itself. (AFN – AgFunderNews)

Brown Foods

The startup is developing an alternative milk dubbed UnReal Milk, created using mammalian cell culture technology. The company, founded a year ago by IIT alumni Sohail Gupta, Avhijeet Kapoor and Bhavna Tandon, was inspired by Gupta’s failure to find a milk alternative when his wife was pregnant.

His criteria for the milk: Friendly to both animals and the climate, vegetarian, and as nutritious as traditional dairy milk.

The startup, according to TechCrunch, managed to create “real cows’ milk” in a laboratory in a matter of just three months.

What’s more, their milk tasted and had a texture more like the real thing, because it used a cell-culture process, rather than a plant-based one.

Additionally, the nutritional benefits from Brown’s milk are comparable to cows’ milk, and it can be converted into dairy products such as butter, cheese and ice cream.

Furthermore, according to Brown, its milk-making process reduces carbon footprint by 90%.

This is a huge pay-off, given that the dairy sector accounts for 4% of human-caused greenhouse gas emissions worldwide.

Use of funds

Brown Foods will use the money from the seed fund round to further develop its product and to scale up its cell-cultivation process.

It expects that it will be a few years before the product will be commercially marketed.

Related Story: Animal-Free Dairy Proteins Maker Perfect Day Expands Series C to $300M

Free Industry News

Subscribe to our free newsletter for updates and news about alternatives investments.

  • This field is for validation purposes and should be left unchanged.


Shape

Latest Alternative Investment News

https://dailyalts.com/wp-content/uploads/2022/07/graph-g80f55d5ee_640.png
FinTech: Klarna’s Valuation Plunges To $6.5B In Talks To Raise $650M (WSJ)
July 1, 2022     FinTech, Latest News, News

Klarna, the Swedish fintech known for its buy-now-pay-later (BNPL) financial product, is negotiating to raise $650 million at a valuation of $6.5 billion, which is a very sharp comedown from…

https://dailyalts.com/wp-content/uploads/2022/07/woman-g9c1c89a51_640.jpg
Venture Capital: OppZo, Which Funds Small Businesses Having Government Contracts, Raises $260M
July 1, 2022     News, Venture Capital

Fintech OppZo brings together investors and small businesses that need working capital loans for their government-facing businesses. Typically located in economically stressed areas of the country, these businesses represent an…

https://dailyalts.com/wp-content/uploads/2022/07/block-chain-gb76db3143_640.jpg
Alternative Investments/Digital: Jacobi To Launch Europe’s First Bitcoin ETF This Month

The Jacobi Bitcoin ETF, from Jacobi Asset Management, will have a number of firsts to its credit when it starts trading this month. It will be the first exchange-traded equity…

https://dailyalts.com/wp-content/uploads/2022/07/r4f167378_rrd.jpg
Artificial Intelligence: John Deere’s Advances in AI Powered Agriculture Machinery
July 1, 2022     Artificial Intelligence, News

John Deere (NYSE: DE) has achieved leadership in automated machinery powered by Artificial Intelligence (AI). The self-driving tractor pictured above was revealed in CES 2022 and has six pairs of…