UK food-tech business Clean Food Group announces additional £2.3m funding to scale operations in advance of Series A
LONDON, Aug. 14, 2023 /PRNewswire/ -- Pioneering UK-based bio-tech business Clean Food Group has announced a further £2.3 million in funding to accelerate the commercialisation of its sustainable oils and fats technology. International investment has come from industrial food specialists Doehler Group and Alianza Team as the global food industry looks to invest in healthier and more sustainable food choices for future generations. Agronomics, the leading listed investment company focused on Cellular Agriculture, and SEED Innovations Ltd, the AIM-listed fund focused on investments in global health opportunities, have also shown their continued support and participated in the latest funding round.
- Capital raised from this funding will enable Clean Food Group to accelerate the scale-up of its technology platform while advancing critical regulatory and commercial pathways.
- Clean Food Group expects to complete a Series A funding in 2024, by which time the business will have validated the technology at a commercial scale and have a clear line of sight to near term revenue generation.
- The business will raise funds at Series A to support the build out of a commercial scale manufacturing facility.
- Clean Food Group's technology platform is the result of eight years of pioneering research led by Professor Chris Chuck, Technical Lead at Clean Food Group.