Fermtech Raises Over £325,000 in Crowdfunding for Zero-Carbon Protein Trialed by Major Food Companies
Fermtech, an Oxford-based startup developing what it claims to be a zero-carbon protein, has raised over £325,000 in a crowdfunding round launched on the Crowdcube platform last month. The company has already surpassed its initial funding goal, yet the campaign remains open for another week. Using solid-state fermentation, the fungus Aspergillus oryzae — known as koji and widely used in foods — and spent grains from local breweries as feedstock, Fermtech produces its non-GMO and affordable protein that is said to deliver great taste in plant-based foods, from baked goods to snacks to plant-based meat and cheese. With the capital, the startup will pilot-scale production to launch its first product, Nutriferm. Additionally, the company will enhance its R&D efforts to “fine-tune” its patent-pending fermentation processes …
