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Production at Nature's Fynd's new 35,000 square foot facility began this month. The manufacturing facility sits on the site of the historic Union Stockyards in Chicago's South Side. The company will commercialize food and beverage products across breakfast, lunch, dinner, and snack occasions
Fremont, CA: Food tech company Nature's Fynd raised USD 80 million in a new round of financing led by Generation Investment Management LLP and Breakthrough Energy Ventures. The round also saw participation from 1955 Capital, Mousse Partners, ADM Ventures, the venture arm of ADM, and Danone Manifesto Ventures, the venture arm of global food and beverage company Danone. Nature' Fynd produces a protein from a microbe initially discovered in the geothermal springs of Yellowstone's ancient volcano. The company was previously named Sustainable Bioproducts.
"In these challenging times, securing food for our growing population under the immense pressure of climate change becomes even more urgent," said CEO and co-founder Thomas Jonas. "We must find new solutions that can both nourish people and nurture the planet. Our innovative technology was developed by studying nature's solutions for adapting - and ultimately thriving - in environments with limited resources."
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[vendor_logo_first]Production at Nature's Fynd's new 35,000 square foot facility began this month. The manufacturing facility sits on the site of the historic Union Stockyards in Chicago's South Side. The company will commercialize food and beverage products across breakfast, lunch, dinner, and snack occasions. Nature's Fynd's innovative fermentation technology grows protein using a fraction of the land and water resources required by traditional agriculture.
"Nature's Fynd has a highly efficient solution to help address the climate crisis," said Lila Preston, co-head of the Growth Equity strategy at Generation Investment Management. "We have tracked the team and technology for several years and believe this is one of the most scalable platforms to drive true food system sustainability." All of Nature's Fynd's products contain all the essential nine amino acids, making it one of the rare non-animal sources of complete protein. Its products also include dietary fiber, calcium, and vitamins. It is very versatile and can be made into alternative meat and dairy products, as well as protein drinks and powders.
Nature's Fynd employs 50 people across its Chicago headquarters and its Bozeman, Montana, R&D center. The company emerged out of a NASA supported research into organisms that thrive in the extreme environmental conditions of Yellowstone National Park's geothermal springs. Those springs are part of one of the world's largest active volcanoes. The company plans to employ over 100 people by the end of the year.
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