Eden Brew raises $25m to drive animal-free dairy production 

Animal-free dairy producer Eden Brew has arrived at a designated Series A capital raising goal of $25m during its Series A capital raise, driven by Main Sequence Ventures and the Victorian government. 

“We created Eden Brew with the aim of sustainably increasing the world’s milk supply, through Australian research ingenuity and the immense precision fermentation opportunity,” Partner at Main Sequence Ventures and Eden Brew Chair Phil Morle said. 

This investment is a huge lift to the country’s precision fermentation area, which incorporates four organisations, with three zeroed in on dairy protein creation and one on fat creation. 

Precision fermentation is the development of organisms to create intensifies like dairy proteins, generally utilised in items, for example, frozen yoghurt, milk, cheddar, yoghurt, and animal fats. 

“As the global population grows, it poses a very real threat to our existing food supply and resources, and companies like Eden Brew augment this to ensure the availability of food in the future,” Morle added. 

To help this development, Breakthrough Victoria, a program upheld by the Victorian government, has contributed $6 million, which will be utilised to move Eden Brew’s central command from Sydney to Melbourne. 

Other key investor backers include Radar Adventures, Possible Ventures, Digitalis Adventures, NGS Super and Norwegian branded product organisation Orkla. 

The executive director of Food Frontier, Dr. Simon Eassom, says the assets are imperative to push the business ahead, a research organisation having some expertise in alt-proteins. 

“One of the barriers for the sector is the ability to produce the products commercially, something this support will help to overcome. These products aim to feed a growing population without increasing pressure on our agricultural ecosystems,” said Eassom.