Archer Daniels Midland and Wilbur-Ellis have both invested in an $18.2m round for sustainable protein developer Geltor through their ADM Ventures and Cavallo Ventures units.
US-based collagen protein developer Geltor has secured $18.2m in a series A round that included corporate venture capital units ADM Ventures and Cavallo Ventures.
The units, subsidiaries of agribusinesses Archer Daniels Midland and Wilbur-Ellis respectively, joined Cultivian Sandbox Ventures, which led the round, and Box Group.
Founded in 2015, Geltor is using a sustainable fermentation process to develop designer proteins for use in consumer products. It is initially focusing on collagen, which is currently sourced from the bones and skin…
