Great to see our portfolio company De Novo Foodlabs raising more capital to take their companynto the next level
Founder CEO I General Partner I Investor I Food Tech I Ag Tech | Climate Impact | #1 Most Active Investor in Food Innovation Globally
And now for some great news: De Novo Foodlabs Secures $1.5M Funding for Sustainable Lactoferrin Protein De Novo Foodlabs, a North Carolina-based precision fermentation startup, has raised $1.5 million in a seed funding round led by Joyful Ventures. This investment, along with investments from their first backers Big Idea Ventures and others, brings the total funding to $4 million. We're excited we discovered and invested in this team 3 years ago to the day! The company is dedicated to producing NanoFerrin, an animal-free lactoferrin protein critical for human health, particularly in infant development. Traditional lactoferrin is derived from bovine colostrum, which poses sustainability challenges. De Novo's innovative approach aims to provide a more eco-friendly and cost-effective alternative. With the lactoferrin market projected to exceed $3 billion by 2033, De Novo Foodlabs is well-positioned to address the rising demand for sustainable protein solutions in the food and supplement industries. Tom Mastrobuoni, Henrietta Hearth, Caroline Mak, Niall Sands, Ryan Bethencourt, Jennifer Stojkovic