Onego Bio raises funding for animal-free egg protein

© Onego Bio

Fermentation

Onego Bio Raises $40M to Commercialize “Revolutionary” Animal-Free Egg Protein

US-Finnish biotech company Onego Bio has raised $40 million in one of the largest Series A rounds in the Nordics. The funding will be used to drive the commercialization and manufacturing of the company’s animal-free egg protein, which is produced using precision fermentation. The round was led by NordicNinja, with participation from Tesi, EIT Food, Agronomics, and more. It also includes $10 million in non-dilutive funding from the Finnish government …

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Onego Bio_Bioalbumen whisk

© Onego Bio

Eggs

Onego Bio’s Animal-Free Egg White Wins Fast Company 2023 World Changing Ideas Award

Fermentation startup Onego Bio announces its development of Bioalbumen™, an animal-free egg white protein, has been selected as a winner in Fast Company’s 2023 World Changing Ideas Awards. Bioalbumen was named the Winner of the Food category and a Finalist in the Agriculture category.  Produced with precision fermentation, Bioalbumen harnesses a scalable biotech process that uses the microorganism Trichoderma reesei. In a method akin to beer production, the microbes are …

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microbial protein Formo cheese gratin

© Formo

Cheese

Food Tech Leaders Launch Food Fermentation Europe to Bring Sustainable Animal-Free Foods to EU Market

A group of leading players in precision fermentation announce they have come together to form Food Fermentation Europe (FFE), a new alliance working to create a more resilient and sustainable food system in Europe. Representing the region’s fermentation food and food ingredient sector, along with its surrounding ecosystem, FFE says it will work with regulators to bring more sustainable animal-free foods to the European market.  FFE’s founding members include Better …

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Vegan Egg White

© The Every Co.

Cheese

9 Global Food Tech Leaders Join Forces to Launch The Precision Fermentation Alliance

Today, nine leaders in precision fermentation announce they are coming together to establish the Precision Fermentation Alliance, a new trade organization to promote precision fermentation as a solution for a more resilient and sustainable food system.  Intended to serve as an industry voice for the precision fermentation industry, the group’s founding members include Change Foods, The EVERY Co., Helaina, Imagindairy, Motif FoodWorks, New Culture, Onego Bio, Perfect Day, and Remilk. …

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