Imangindairy, a Tel Aviv, Israel-based FoodTech startup, raised USD15M in prolonged Seed funding.
The preliminary spherical in November 2021 introduced in USD13M. This brings the whole funding capital to USD28M. The funding was led by Goal World with participation from Strauss Group, Emerald Know-how Ventures, Inexperienced Circle Foodtech Ventures, Collaborative Fund, New Local weather Ventures, and FoodSparks by PeakBridge.
The corporate intends to make use of the funds to speed up R&D efforts to launch a spread of actual dairy merchandise with out utilizing animals and rent further expertise to its increasing workforce.
Co-founded by Tamir Tuller, PhD; Eyal Afergan, PhD and Arie Abo, PhD., Imagindairy develops guilt-free, animal-free dairy milk proteins by the usage of computational and molecular biology applied sciences. The know-how permits the manufacturing of a broad spectrum of dairy analogs, from uncooked milk to cheese, with out involving animals. Imagindairy’s dairy proteins are non-GMO, cholesterol-free, and possess the identical taste, texture, performance, and dietary worth of their cow-based counterparts. Most significantly, they get rid of the burden that livestock imposes on the surroundings.