Imagindairy Secures Additional USD15M; Closes USD28M Seed Funding

Imagindairy co-founders: Tamir Tuller, PhD; Eyal Afergan, PhD; Arie Abo, PhD. PhotoBy Yaniv Koppel

Imangindairy, Tel Aviv, IsraelFoodTech startup based in San Francisco, raised USD15M over an extended period Seed funding.

TheInitial round in November 2021 brought in USD13M. This brings the total investment capital to USD28M. TheFunding was managed by Target GlobalParticipation from Strauss Group, Emerald Technology Ventures, Green Circle Foodtech Ventures, Collaborative Fund, New Climate Ventures, and FoodSparks from PeakBridge

The company intends to use the funds to accelerate R&D efforts to launch a range of real dairy products without using animals, and hire additional talent to its expanding workforce.

CoFounded by Tamir Tuller, PhD; Eyal Afergan, PhD; Arie Abo, PhD., Imagindairy develops guilt-free, animal-free dairy milk proteins through the use of computational and molecular biology technologies. TheTechnology allows for the production of a wide range of dairy analogs without the need to involve animals. Imagindairy’s dairy proteins are non-GMO, cholesterol-free, and possess the same flavor, texture, functionality, and nutritional value of their cow-based counterparts. MostThey also eliminate the environmental burden that livestock can place on the environment.

FinSMEs

20/05/2022

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