Cultivated milk startup raises $25 million

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In Australia, cultivated milk and plant-based protein startup All G Foods has raised $25 million in a Series A financing.

Led by Agronomics Limited and its affiliate investment vehicle New Agrarian Company, the funding is part of an oversubscribed round that will accelerate commercialization of both cellular agriculture and plant-based products in All G Foods’ portfolio. 

“We could not be happier with Agronomics leading our Series A round due to their wealth of experience in funding the cellular agriculture sector,” says All G Foods founder and CEO Jan Pacas. “When looking for investment it is critical for us that our investors share our vision for developing technology that can change the way we impact the plant through categories that are simply not sustainable as our populations grow. We are confident with investors like this, we can accelerate our commercialization objectives and lead food innovation in Asia-Pacific.”