Investors Back Cauldron’s Plans for Global Network of Precision Fermentation Facilities to Tune of $6.25M
Precision fermentation company Cauldron Ferm announces it has secured AUD 9.5 million ($6.25M) in a series A round led by Horizons Ventures. SOSV, In-Q-Tel, and previous investor Main Sequence also participated in the round, bringing Cauldron’s total raised funds to $20 million. Precision fermentation is crucial for increasing food production without expanding agricultural land while it addresses sustainability and security issues. The United Nations predicts a 70% increase in food production by 2025 to support the rising population. Cauldron says that it aims to deploy its cost-effective, continuous fermentation technology in a network of worldwide rural facilities to develop biobased products and contribute to meeting the growing global food, cosmetics, and materials demand. Chis Liu of Horizons Ventures, comments: “Precision fermentation is an amazing technology, because it enables bio based production of …