{"id":1585332,"date":"2024-04-02T08:50:39","date_gmt":"2024-04-02T08:50:39","guid":{"rendered":"https:\/\/www.greenqueen.com.hk\/?p=71955"},"modified":"2024-04-02T08:50:39","modified_gmt":"2024-04-02T08:50:39","slug":"onego-bio-poaches-40m-series-a-to-launch-precision-fermented-egg-protein-in-north-america","status":"publish","type":"post","link":"https:\/\/radiofree.asia\/2024\/04\/02\/onego-bio-poaches-40m-series-a-to-launch-precision-fermented-egg-protein-in-north-america\/","title":{"rendered":"Onego Bio Poaches $40M Series A to Launch Precision-Fermented Egg Protein in North America"},"content":{"rendered":"
The investment round was led by Japanese-Finnish VC firm NordicNinja, with participation from Tesi, EIT Food, and existing investors Agronomics, Maki.vc, Holdix and Turret (among others). It also includes $10M non-dilutive financing from the government innovation organisation Business Finland.<\/p>\n\n\n\n
One of the largest Series A rounds in the Nordics, it brings the company’s total investment to $56M. The funding will be used to fuel Onego Bio’s commercialisation strategy for North America, where it is expecting regulatory clearance for its animal-free Bioalbumen protein soon.<\/p>\n\n\n\n
\u201cEgg protein remains one of nature\u2019s most perfect foods; this single ingredient supplies more than 20 different functional benefits from aeration to emulsification and gelation,” said co-founder and CEO Maija Itkonen, who founded the startup with CTO Christopher Landowski in 2022 as a spinoff from the VTT Technical Research Center of Finland. “While it may sound scientific, the value is in our mouths every day with velvety cake structures, silky-smooth mayonnaises, crispy nugget batterings, or those chewy-fluffy nougat fillings, just to mention few.\u201d <\/p>\n\n\n\n