NEOM Investment Fund Partners with Liberation Labs to Develop Precision Fermentation Facility in Saudi Arabia
The NEOM Investment Fund (NIF) has entered into a strategic partnership with Liberation Labs, a leader in precision fermentation biomanufacturing. This collaboration will support the development of a precision-fermentation facility in Saudi Arabia, designed to advance food production capabilities in the region. The project aligns with NEOM’s broader goals of establishing itself as a global hub for sustainable, industrial-scale food production. The new facility will be integral to Topian, NEOM’s …
Precision Fermentation Firm Liberation Labs Secures $50.5M to Scale Production
Liberation Labs has closed a $50.5 million convertible note round, bringing its total raised capital for this financing effort to $75 million. This latest investment includes $31.5 million in new funding and $19 million from insider bridge notes raised earlier in 2024. Key investors in the round include NEOM Investment Fund (NIF), Galloway Limited, and Meach Cove Capital, alongside existing backers Agronomics, New Agrarian Capital, and Siddhi Capital. The funding …
US DoD Injects Millions into The Every Co. & Other Biotechs, Says the “Next Industrial Revolution Will Be a Biomanufacturing Revolution”
San Francisco-based The Every Company has received a $2 million award from the US Department of Defense (DoD) to explore establishing a precision fermentation facility in the US. With the funding, EVERY will conduct a feasibility study for a manufacturing site for its two main fermentation-derived ingredients: OvoBoost, a highly soluble protein for protein-boosting, and OvoPro (ovalbumin) for egg and egg white replacement in food and beverages. In addition, the …
Liberation Labs to Advance Precision Fermentation Facility with $3.5M Fundraise
US biomanufacturing company Liberation Labs has raised $3.5 million via a Secured Promissory Note (“Note”), including a $2.0 million subscription from the VC firm Agronomics Limited (LSE: ANIC). With this note, Agronomics’ total investment in the precision fermentation company amounts to $19.6 million, holding 37.5% on a fully diluted basis. Other participants in the fundraising, each contributing $0.5 million, include New Agrarian Company Limited (an affiliate of Agronomics), Galloway Limited, …
Future of Foods Podcast: Mark Warner, CEO of Liberation Labs
Alex Crisp, Host of Future of Foods Interviews, talks to Mark Warner CEO of Liberation Labs about building massive capacity for producing ‘hero’ proteins without using animals. Going forward much of our milk and eggs could come from precision fermentation facilities such as those being constructed by Liberation Labs. The Indiana-based biomanufacturing firm says that it “works with biotechnology’s visionaries to commercialize the bioproducts of the future – foods, materials, …
Agronomics Invests $10M in Liberation Labs to Advance its 600,000 L Precision Fermentation Facility
Agronomics Limited (LSE: ANIC), the UK’s leading VC company focused on cellular agriculture and biomanufacturing, has invested $10 million in its portfolio company, Liberation Labs Holdings, a US biotechnology firm focused on large-scale precision fermentation manufacturing. The investment was part of a $12.5 million financing round, which was made through a Secured Convertible Promissory Note (SCPN) using Agronomics’ existing cash resources. Previous investor Siddhi Capital also joined the round to …
Agronomics Secures $25M USDA Backing for Liberation Labs Biomanufacturing Facility
The United States Department of Agriculture (USDA) has granted a $25 million loan guarantee to support Agronomics, a leading cellular agriculture and cultivated meat investment firm, in the completion of a large-scale biomanufacturing facility in Indiana. Allocated for the finalization of Liberation Labs’ 600,000-liter bio-protein facility, the funding will support a resolution to the industry’s fermentation production capacity deficit. With commercial production scheduled to begin Q1 2025, the facility aims …
Liberation Labs to Develop “First Purpose-Built” Precision Fermentation Plant in the US
Liberation Labs Holdings, a large-scale precision fermentation contract manufacturer, announces it has acquired the land to develop its first commercial-scale biomanufacturing facility in the Midwest Industrial Park in Richmond, Indiana. The precision fermentation manufacturer expects to invest $115 million in the facility and plans to create an estimated 45 well-paying manufacturing jobs. According to Liberation Labs, it will be the first purpose-built commercial precision fermentation plant in the United States. …
Agronomics Invests $7M in Precision Fermentation Manufacturer Liberation Labs
Agronomics has invested $3.5 million in the seed round of Liberation Labs, a company working to commercialise precision fermentation on a large scale. The venture capital firm previously invested $3.5 million in the funding round’s first tranche in October, meaning it has now contributed a total of $7 million to the $20 million raise. Additionally, Agronomics made a $627,000 investment as part of Liberation’s previous funding round in June. Precision …