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NS/TX Industries secures $10.5M in Series A funding co-led by Inter IKEA Development and Lever VC to scale its alt protein manufacturing platform.

PRIVATEJun 11, 20264 days ago

Amount Raised

$10.5 Million

Round Type

series a

TorontoManufacturingFood and BeverageFood Processing

Investors

Protein Industries CanadaChris BrysonVerdex CapitalGood StartupLever VcInter Ikea Development Bv

Description

Today, NS/TX Industries announced that it has raised $10.5 million in Series A funding to further scale its alt protein manufacturing platform. The round was co-led by Inter IKEA Development BV and Lever VC, with various other investors involved. The funds will support the construction of its V2 Assembly Line, aimed at automating the manufacturing process and increasing capacity. This step follows the company's successful launch of its initial assembly line in late 2024.

Company Information

Company

NS/TX Industries

Location

Toronto, Ontario, Canada

About

NS/TX Industries is a food manufacturing platform focused on unlocking next-generation protein alternatives using proprietary, tuneable scaffolding technology. The company offers production, R&D, and co-manufacturing services to quickly bring high-performance whole cuts to market at scale and with flexibility. Their products reach consumers and restaurants under the NEW/SCHOOL FOODS brand.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

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