A Chicago startup developing a new way to grow edible protein has raised a large round of funding from top investors, including Bill Gates.
Sustainable Bioproducts, a Chicago biotech startup making a fermentation process to produce lab-grown protein, announced Monday that it has raised $33 million in Series A funding. The round was led by Silicon Valley venture firm 1955 Capital. Also backing the startup is Breakthrough Energy Ventures, a $1 billion fund led by Bill Gates that aims to invest in companies that are combating climate change. Breakthrough’s other investors include Jeff Bezos, Michael Bloomberg and Richard Branson.
Other backers in Sustainable Bioproducts’ round include ADM Ventures, the venture arm of Archer Daniels Midland; Danone Manifesto Ventures, the venture arm of yogurt company Danone; Lauder Partners; and the Liebelson family office.
Read full article from Chicago Inno here
Chicagoland Food & Beverage Network
1 W Monroe Street
Chicago, IL 60603
Tel (312) 525-9653