Agronomics, an investment firm with a focus on cellular agriculture, has invested $8 million in The EVERY Company. EVERY was formerly known as Clara Foods and is a producer of animal-free proteins.
US DoD Injects Millions into The Every Co. & Other Biotechs, Says the “Next Industrial Revolution Will Be a Biomanufacturing Revolution”
San Francisco-based The Every Company has received a $2 million award from the US Department of Defense (DoD) to explore establishing a precision fermentation facility in the US. With the funding, EVERY will conduct a feasibility study for a manufacturing site for its two main fermentation-derived ingredients: OvoBoost, a highly soluble protein for protein-boosting, and OvoPro (ovalbumin) for egg and egg white replacement in food and beverages. In addition, the biotech company will develop military applications using OvoBoost to provide high-quality nutrition via concentrated formats. Co-founder and CEO Arturo Elizondo commented, “Our technology allows us to bring novel applications to market using our soluble protein. Imagine a glass of water that looks and tastes like water but contains 20 grams of protein. That’s what our …