Agronomics Limited (GB:ANIC) has released an update.
Agronomics Limited, a pioneer in cellular agriculture, has announced that its portfolio company Formo Bio GmbH has raised US$ 61 million in a Series B funding round, with participation from a mix of existing and new investors, including Europe’s second-largest retailer, REWE Group. Formo is making strides in the dairy alternative sector with the release of the world’s first Koji Protein-based cheese alternatives, now available in over 2000 stores in Germany and Austria. The investment reflects Agronomics’ commitment to sustainable food technologies, with Formo aiming for international expansion and technological advancements in animal-free dairy products.
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