Onego Bio Secures Eur 4.5M Additional Funding To Accelerate Research And Development
09/07/22, 5:08 PM
Location
helsinki
Money raised
€4.5 million
Round Type
seed
Onego Bio is a biotech spin-off from VTT Technical Research Centre of Finland. The company uses a commercially proven Trichoderma technology to solve environmental problems associated with eggs, one of the world's most used animal proteins. This safe, sustainable and cost-effective precision fermentation method produces ovalbumin, the most abundant egg white protein, and the team believes this chosen technology is superior because of its efficiency and productivity.
Company Info
Location
helsinki, etelä-suomi, finland
Additional Info
Onego Bio Ltd is a game-changing biotech company producing animal-free egg proteins with precision fermentation. When implemented in full scale, this new production method provides significant benefits to the environment, food security, as well as animal welfare. The team believes the chosen technology is superior because of its efficiency and productivity. Based on the anticipatory LCA published in Nature Food, the technology shows potential to significantly reduce most agriculture-associated impacts, such as global warming and land use.