Clara Foods announced last week that it is has completed its Series B funding round, led by global ingredient solutions leader Ingredion, to produce chicken-less eggs. Clara Foods is a major player in engineering, manufacturing and formulating animal-free, animal proteins, as ingredients for the global food and beverage industry.
Also announced was its global partnership agreement with Ingredion. Under the agreement, the companies will work together to jointly develop, market and globally distribute highly functional protein ingredient products that enable the food and beverage industry to produce foods with higher levels of protein, unique characteristics, and reduce costs without using any animal derivatives.
Since 2016, Clara Foods has been developing its protein production platform after raiseing an unannounced $15M Series A. This latest round of financing will fast-track commercialization of the world’s first chicken-less egg proteins, expand research and development capabilities, and broaden Clara Foods’ product roadmap into many other animal proteins beyond the initial focus on egg white proteins.
The egg alternative product works by combining sugar and yeast. Then using its advanced yeast engineering and fermentation technologies to selectively cultivate the perfect strain of yeast; it completes with protein, tailor-made for its purpose. The finished product can be used as eggs can, in baking and beyond.
Arturo Elizondo, Founder and CEO of Clara Foods stated: “We see extraordinary value in partnering with Ingredion to distribute our products globally and look forward to jointly transforming the status quo. Ingredion has been a global supplier to the food industry for more than a century and is as committed as Clara to satiating the massive unmet consumer demand for animal-free proteins.”