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NovoNutrients raised $18M in a Series A funding round led by Australia’s Woodside Energy and China’s CM Venture Capital to make protein from CO2 for people & pets.

RECENTLY ACQUIREDJul 11, 2024

Amount Raised

$18 Million

Round Type

Series A

SunnyvaleBiotechnologyFood and Beverage

Investors

Woodside Energy (Asx: Wds)CM Venture Capital

Description

US alternative protein startup NovoNutrients has raised $18M in a Series A funding round ahead of opening its pilot facility, with a renewed focus on humans and pets. The company uses microbial fermentation to turn carbon dioxide and hydrogen into protein, expanding its scope of work to include human nutrition and pet nutrition.

Who else raised in Food and Beverage and Biotechnology around the same time

Companies in the same sectors as NovoNutrients that raised within 45 days of this round, from Fundz verified event records.

  • Endovia Health Sciences, Inc. raised $600K (Seed) on August 22, 2024.
  • David Protein raised $10M (Seed) on August 20, 2024.
  • Melt&Marble raised $3M (Funding Round) on July 29, 2024.
  • NUTRUMAMI raised $488K (Pre-Seed) on May 30, 2024.
  • Navigator Medicines raised $50M on August 23, 2024.
  • XO Life raised $7.8M on August 23, 2024.

Who to call at NovoNutrients, and when

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Company Information

Company

NovoNutrients

Location

Sunnyvale, California, United States

About

NovoNutrients is a Californian startup founded in 2017 that uses microbial fermentation to turn carbon dioxide and hydrogen into protein for humans and pets. The company aims to provide sustainable and alternative protein sources for the food industry. NovoNutrients has a focus on tailoring microbial strains through natural, non-GMO means to specific gas mixes for their production process.

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Funding Insights

What this usually means
Typical timeline to Series B
Series A companies typically raise their next round in 10-18 months

NovoNutrients raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

145 of these a day, filtered to the companies you pick, with the decision-maker attached.

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