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.

© The Every Company

Investments & Finance

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 …

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Liberation Labs, planned precision fermentation manufacturing facility now under construction,

© Liberation Labs

Manufacturing & Technology

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, …

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People

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, …

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liberation labs precision fermentation plant

© Liberation Labs

Investments & Finance

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 …

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Liberation Labs facility indiana

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Fermentation

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 …

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liberation labs precision fermentation plant

© Liberation Labs

Fermentation

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. …

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Liberation Labs co-founder and CEO Mark Warner. © Liberation Labs

Fermentation

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 …

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