Liberation Labs, a New York-based developer of a precision fermentation platform for the production of alternative proteins at scale, raised $20M in Seed Financing.
The round was led by Agronomics and Siddhi Capital with participation from CPT Capital, Thia Ventures, 8090 Industries, and Echo.
The company intend to use the funds to build out a 600,000 liter production facility.
Led by CEO Mark Warner, Liberation Labs is commercializing a precision fermentation platform with a global network of purpose built, international manufacturing facilities that enable biotechnology advancements to produce alternative protein at scale. With the close of the seed round, the company’s focus is on finalizing the site selection process and the completion Front End Loading level 3 engineering (FEL-3), followed by placing orders for long-lead equipment and building out the operations team.
Liberation Labs is projecting commissioning and commercial production of its first facility by the end of 2024.
FinSMEs
02/01/2023