The EVERY Co Raises $55m to Scale Egg Proteins
The EVERY Co has raised $55m in Series D funding to expand its production of egg proteins via fermentation.
According to the company, most buyers are motivated by basic economics, rather than ethical or environmental arguments, when it comes to making eggs without chickens.
- The funding round was led by McWin Capital Partners.
- Other participants included Main Sequence, Bloom8, TO.VC, Minerva Foods, Grosvenor Food & AgTech, New Agrarian, and SOSV.
- The company's cumulative funding now stands at $294 million.
"We had a target of raising $50 million and ended up closing in on $55 million," said founder and CEO Arturo Elizondo.
The funding will help The EVERY Co expand its manufacturing capacity and move towards profitability, with products featuring its proteins set to launch at Walmart across the US.
Author's summary: The EVERY Co raises $55m to scale egg proteins via fermentation.
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