Celleste Bio Secures $4.5M to Scale Production of Cell-Cultured Cocoa, Mondelēz VC Arm Participates
Cocoa-tech startup Celleste Bio has raised $4.5 million in a seed round to produce its cell-cultured cocoa ingredients for the food industry. The round was led by early-stage investor Supply Change Capital, with the participation of Mondelēz International’s venture capital arm SnackFutures Ventures, Consensus Business Group, Barrel Venture Partners, The Trendlines Group, and Regba Agriculture. The new funds will help Celleste Bio boost its research and development, infrastructure, and technological capabilities to achieve commercial scale. Michal Beressi Golomb, CEO of Celleste Bio, shared, “Climate change and conventional farming practices are depleting our rainforests, resulting in unprecedented environmental and financial challenges to grow enough cocoa to meet the needs of a $100B — and growing — chocolate industry. This round provides us with the financial and strategic …