Liberation Labs, a New York-based developer of a precision fermentation platform for the manufacturing of other proteins at scale, raised $20M in Seed Financing.
The spherical was led by Agronomics and Siddhi Capital with participation from CPT Capital, Thia Ventures, 8090 Industries, and Echo.
The firm intend to make use of the funds to construct out a 600,000 liter manufacturing facility.
Led by CEO Mark Warner, Liberation Labs is commercializing a precision fermentation platform with a world community of objective constructed, worldwide manufacturing amenities that allow biotechnology developments to supply various protein at scale. With the shut of the seed spherical, the corporate’s focus is on finalizing the location choice course of and the completion Front End Loading degree 3 engineering (FEL-3), adopted by putting orders for long-lead gear and constructing out the operations crew.
Liberation Labs is projecting commissioning and business manufacturing of its first facility by the tip of 2024.