Nature’s Fynd (previously named Sustainable Bioproducts), a Chicago, IL-based food tech company, raised $80m in Series B funding.
The round was led by Generation Investment Management and Breakthrough Energy Ventures with participation from 1955 Capital; Mousse Partners; ADM Ventures, the venture arm of ADM and Danone Manifesto Ventures, the venture arm of global food and beverage company Danone.
Led by CEO and co-founder Thomas Jonas, Nature’s Fynd is producing a protein from a microbe originally discovered in the geothermal springs of Yellowstone’s ancient volcano.
The company will commercialize food and beverage products across breakfast, lunch, dinner, and snack occasions. They contain all 9 essential amino acids and also include dietary fiber, calcium, and vitamins.
Production began this month at its new 35,000-square-foot manufacturing facility on the site of the historic Union Stockyards in Chicago’s South Side.
Nature’s Fynd, which employs 50 people across its Chicago headquarters and its Bozeman, Montana, R&D center, emerged out of NASA supported research into organisms that thrive in the extreme environmental conditions of Yellowstone National Park’s geothermal springs.
FinSMEs
24/03/2020