Bond Puppy Meals, a Boulder, Colo.-based corporate that creates meat proteins via fermentation for dog food programs, has finished its Sequence A fundraise totaling $17.5 million.
The oversubscribed around comprises funding from world meals and agriculture pioneers ADM Ventures (Archer Daniels Midland Co.) and Cavallo Ventures (Wilbur Ellis); institutional price range Genoa Ventures and Lever VC; meals/tech and sustainability traders Thia Ventures, iSelect Fund, Level 1 Fund, Lifely VC and Satori Capital, in addition to track icons Sia Isabelle Furler and Joan Jett.
“We’re overjoyed to welcome this numerous, world-class coalition of traders into the Bond circle of relatives,” stated Wealthy Kelleman, CEO and co-founder of Bond Puppy Meals. “With their reinforce we’ll have the ability to take our paintings to the following degree, growing and scaling quite a few meat proteins for our valued companions within the dog food house.”
The investment will probably be used to amplify Bond’s meat protein portfolio and scale up manufacturing at a brand new 15,000 sq. foot facility in central Boulder. The Sequence A will even permit Bond to greater than triple the scale of its group, strengthening its science, technical and regulatory competency, corporate officers stated.
“We’re excited to be part of this subsequent bankruptcy of Bond Puppy Meals’ expansion,” stated Jorge Martinez, president of puppy answers for ADM. “Puppy diet, with business gross sales at $100 billion and rising at 4.5 p.c a 12 months, is the most important expansion pillar for ADM. Increasingly more, shoppers call for their pets devour the similar sustainable, responsibly—produced meals that they themselves devour, and proteins produced via precision fermentation are key to being a part of the way forward for the business. We’ve expanded our functions in those classes and are proud to be a part of the Bond Puppy Meals adventure, as they provide new alternatives to deliver those expansion traits in combination.”
Bond Puppy Meals used to be based in 2017 with a undertaking to create extra sustainable, accountable, and humane meals via reimagining meat, the mainstay of pets’ diets, officers stated.
“The corporate’s fresh achievements on pressure construction and price, in addition to their increasing relationships with world strategic companions, have validated Bond’s era platform and their skill to bring in a brand new generation of accountable protein for our pets,” stated Jenny Rooke, managing director of Genoa Ventures. “We’re bullish about Bond’s manner and their attainable to modify the dog food provide chain for the simpler.”
Previous to this Sequence A around, Bond raised $2.5 million from traders together with Lever VC, Agronomics, KBW Ventures, Plug and Play Ventures and Trellis Highway, bringing its general investment to-date to $20 million.
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