Danone Manifesto Ventures and ADM Ventures both took part in a series A round for the Montana State University-backed Nasa spinout, which is developing edible proteins.
Sustainable Bioproducts, a US-based edible protein developer backed by Montana State University, has collected $33m in a series A round that included the corporate venturing units of food producer Danone and agribusiness Archer Daniels Midland.
The round was led by 1955 Capital and included fellow venture capital firm Breakthrough Energy Ventures, investment manager Lauder Partners and the Liebelson family office, while the corporates invested through their Manifesto Ventures and ADM Ventures subsidiaries respectively.
Sustainable Bioproducts is working on a…
Thierry Heles
Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
