MIT spinout Ginkgo Bioworks has set up Motif Ingredients with $90m in series A funding provided by investors including Louis Dreyfus Company and Fonterra.
US-based food ingredients company Motif Ingredients was spun out of biotech firm Ginkgo Bioworks yesterday with $90m in series A capital from investors including merchant firm Louis Dreyfus Company and dairy cooperative Fonterra.
The round also featured Breakthrough Energy Ventures and Viking Global Investors.
Motif Ingredients will exploit Ginkgo Bioworks’ platform for genetic engineering in order to create sustainable alternative proteins derived from egg, dairy and meat using biotechnology and fermentation rather than animal agriculture.
Clients will…
Thierry Heles
Thierry Heles is the editor of Global University Venturing, host of the Beyond the Breakthrough interview podcast and responsible for the monthly GUV Gazette (sign up here for free).
