Imagindairy, Ltd., a Tel Aviv, Israel-based FoodTech company creating milk proteins identical to those from cows, raised $13M in seed funding.
The round was led by MoreVC, with participation from Strauss Group, Entrée Capital, S2G Ventures; Collaborative Fund, New Climate Ventures, Green Circle Foodtech Ventures; Emerald Technology Ventures and Pierre Besnainou. This round includes a pre-seed investment by Strauss Group, FoodSparks by PeakBridge, CPT Capital, and Entrée Capital earlier this year.
The company will invest the funds to expand its facilities, increase its professional team, and boost R&D capacity.
Led by Eyal Afergan, PhD, co-founder and CEO, Tamir Tuller, PhD, and co-founder and CSO, Imagindairy leverages proprietary technology, based on a systems and synthetic biology platform, that feeds microorganisms instead of cows, and allows manufacturers to offer cow-free, sustainable milk and dairy products with all the nutritional values of dairy milk.
The company is currently collaborating with dairy companies, offering a complete range of dairy-free proteins.