Onego Bio

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Cultivated, Cell-Cultured & Biotechnology

Onego Bio Secures $15.2M for Animal-Free Bio-Identical Egg Protein

US-Finnish precision fermentation company Onego Bio has secured $15.2 million in funding from the European Innovation Council (EIC) Accelerator Program and other Series A investors. This takes the amount raised by the company in 2024 to $55 million, and its total funding to $70.8 million. Onego Bio produces Bioalbumen®, an animal-free bio-identical egg protein manufactured as an industrial food ingredient. Bioalbumen is said to have perfect protein quality, full functionality, and a neutral flavor; it could also alleviate the environmental burden of conventional egg production by as much as 90%, while providing a stable supply. This is likely to be very attractive to manufacturers, since chicken eggs have been plagued by supply chain issues in recent years. Commercialization Onego says it is focusing on commercializing …

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Alex Crisp discusses eggs with Maija from Onego Bio

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Egg Alternatives

Future of Foods Podcast: Maija Itkonen, CEO of Onego Bio Produces Bio-Identical Egg Proteins Without Chickens

Alex Crisp, host of Future of Foods Interviews, talks to Maija Itkonen, CEO and co-founder of Finnish precision fermentation company Onego Bio, about manufacturing real egg white protein, entirely without the use of chickens, which as Maija explains, are the most abused animal in the world. Onego Bio produces Bioalbumen, which the company says is bioidentical ovalbumin, the most important protein in egg white, delivering the nutritional and functional qualities of traditional eggs. The product was a winner in Fast Company’s 2023 World Changing Ideas Awards, with Bioalbumen named the Winner of the Food category and a Finalist in the Agriculture category. This April, the company raised $40 million in one of the largest Series A rounds in the Nordics, with the fresh funds being …

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Onego Bio raises funding for animal-free egg protein

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Cultivated, Cell-Cultured & Biotechnology

Onego Bio Raises $40M to Commercialize “Revolutionary” Animal-Free Egg Protein

US-Finnish biotech company Onego Bio has raised $40 million in one of the largest Series A rounds in the Nordics. The funding will be used to drive the commercialization and manufacturing of the company’s animal-free egg protein, which is produced using precision fermentation. The round was led by NordicNinja, with participation from Tesi, EIT Food, Agronomics, and more. It also includes $10 million in non-dilutive funding from the Finnish government association Business Finland. Previously, Onego Bio raised €10 million in seed funding in 2022, after being founded as a spinoff from VTT (the Technical Research Center of Finland). Onego Bio’s ingredient, Bioalbumen®, has a neutral taste and is bioidentical to the major egg white protein ovalbumin. It contains all the essential amino acids, has the …

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Onego Bio Candy/ Desserts/ Confections

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Egg Alternatives

Onego Bio Combats World Egg Crisis with Precision Fermentation

On this World Egg Day, Finnish food-biotech company Onego Bio offers a solution to a global challenge – the sustainability and ethics of egg production. Onego Bio has created an egg white alternative through precision fermentation – Bioalbumen™, an animal-free egg white protein. This innovation not only addresses environmental concerns but also offers economic advantages. The company claims Bioalbumen™ production has a 90% lower carbon footprint than traditional egg production, coupled with ten times better yields and a 20% reduction in production costs while providing the same nutrition and functionality as traditional egg whites. The company uses precision fermentation and the microorganism Trichoderma reesei to produce what it claims are bioidentical egg proteins that offer the same functionality and nutrition without the ethical, environmental, and …

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Onego Bio_Bioalbumen whisk

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Fermentation

Onego Bio’s Animal-Free Egg White Wins Fast Company 2023 World Changing Ideas Award

Fermentation startup Onego Bio announces its development of Bioalbumen™, an animal-free egg white protein, has been selected as a winner in Fast Company’s 2023 World Changing Ideas Awards. Bioalbumen was named the Winner of the Food category and a Finalist in the Agriculture category.  Produced with precision fermentation, Bioalbumen harnesses a scalable biotech process that uses the microorganism Trichoderma reesei. In a method akin to beer production, the microbes are fed water, sugar, and certain minerals to produce Bioalbumen powder, which is identical to egg white protein powder.  According to Onego Bio, Bioalbumen provides all the nutritional and functional benefits of egg whites without the environmental, safety and supply chain concerns of chicken eggs. The product also maintains the performance of real egg whites, including …

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microbial protein Formo cheese gratin

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Cultivated, Cell-Cultured & Biotechnology

Food Tech Leaders Launch Food Fermentation Europe to Bring Sustainable Animal-Free Foods to EU Market

A group of leading players in precision fermentation announce they have come together to form Food Fermentation Europe (FFE), a new alliance working to create a more resilient and sustainable food system in Europe. Representing the region’s fermentation food and food ingredient sector, along with its surrounding ecosystem, FFE says it will work with regulators to bring more sustainable animal-free foods to the European market.  FFE’s founding members include Better Dairy, Formo, Imagindairy, Onego Bio and Those Vegan Cowboys. The group says its members are united in the pursuit to improve current unsustainable food systems and have three primary objectives:  To raise awareness and build a supportive, forward-looking policy framework for fermentation food and food ingredients in Europe. To advocate for a predictable, non-discriminatory and …

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Vegan Egg White

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Cultivated, Cell-Cultured & Biotechnology

9 Global Food Tech Leaders Join Forces to Launch The Precision Fermentation Alliance

Today, nine leaders in precision fermentation announce they are coming together to establish the Precision Fermentation Alliance, a new trade organization to promote precision fermentation as a solution for a more resilient and sustainable food system.  Intended to serve as an industry voice for the precision fermentation industry, the group’s founding members include Change Foods, The EVERY Co., Helaina, Imagindairy, Motif FoodWorks, New Culture, Onego Bio, Perfect Day, and Remilk. Precision fermentation involves the process of creating nature-identical versions of popular products and ingredients (like dairy and egg proteins) by utilizing the natural ability of microorganisms to turn sugars into proteins and other complex organic molecules. According to the Alliance, its members have aligned on the following goals: Promote understanding of precision fermentation technology. Build …

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