Earlier reports suggested Geltor was seeking as much as $100m, but the Archer Daniels Midland and Wilbur-Ellis-backed company has now seemingly secured $90m.
Geltor, a US-based collagen protein developer backed by agribusinesses Archer Daniels Midland and Wilbur-Ellis, has raised $90m in series B funding, people familiar with the matter told TechCrunch on Friday.
The company declined to comment on the news and it is unclear who the investors are.
Founded in 2015, Geltor is working on collagen and gelatin created through cell-derived protein brewed in a fermenter, rather than being animal-based. Collagen and gelatin are common additives used as thickening agents in food…
Thierry Heles
Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
