Three bottles of animal-free milk

© Eden Brew


Australia’s Eden Brew Secures $24.4 Million for Animal-Free Dairy Expansion

Australian precision fermentation company Eden Brew has raised $24.4 million in a Series A round led by previous investor Main Sequence Ventures to introduce animal-free dairy in the alt protein market.  Eden Brew was established in 2021 through a partnership between Norco, a 100% Australian farmer-owned dairy cooperative, and Australian science agency CSIRO and its deep tech venture fund Main Sequence Ventures.  The company uses a precision fermentation process based on science know-how developed at CSIRO. The company claims its platform produces casein proteins that deliver the same nutrition, functionalites, sensory qualities and bioavailability as cow’s milk. In May 2022, Eden Brew also raised $6.9 million from Main Sequence and US investor Digitalis Venture. Other participants in the round include Breakthrough Victoria, Orkla, Digitalis Ventures, Possible …