Imangindairy, a Tel Aviv, Israel-based FoodTech startup, raised USD15M in extended Seed funding.
The initial round in November 2021 brought in USD13M. This brings the total investment capital to USD28M. The funding was led by Target Global with participation from Strauss Group, Emerald Technology Ventures, Green Circle Foodtech Ventures, Collaborative Fund, New Climate Ventures, and FoodSparks by PeakBridge.
The company intends to use the funds to accelerate R&D efforts to launch a range of real dairy products without using animals, and hire additional talent to its expanding workforce.
Co-founded by Tamir Tuller, PhD; Eyal Afergan, PhD; and Arie Abo, PhD., Imagindairy develops guilt-free, animal-free dairy milk proteins through the use of computational and molecular biology technologies. The technology allows the production of a broad spectrum of dairy analogs, from raw milk to cheese, without involving animals. Imagindairy’s dairy proteins are non-GMO, cholesterol-free, and possess the same flavor, texture, functionality, and nutritional value of their cow-based counterparts. Most importantly, they eliminate the burden that livestock imposes on the environment.