Hoxton Farms, a London, UK-based startup cultivating animal fat, raised £2.7m in seed funding.
Backers included Founders Fund, Backed, Presight Capital, CPT Capital, Sustainable Food Ventures, and angel investors.
The company intends to use the funds to develop a proof of concept of its production platform and build customer partnerships.
Led by Dr Max Jamilly, a synthetic biologist and formerly part of Legendairy Foods, and Ed Steele, a mathematician and former machine learning engineer at Thought Machine, Hoxton Farms grows purified animal fat in cultivators.
In the coming months, the startup will begin work at its new R&D lab in Hoxton, London, and continue to grow its talented team of biologists and mathematicians.