The French biotech company reportedly closed an ‘oversubscribed’ round of equity financing that would enable the firm to ramp up the production of dairy-identical proteins.
Bon Vivant eyes cow-free dairy protein scale-up after raising $15.9m foodnavigator.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from foodnavigator.com Daily Mail and Mail on Sunday newspapers.
Lyon, France-based precision fermentation startup Bon Vivant, which is using biotech techniques to reprogram yeast microorganisms to produce animal-free milk proteins with a substantially lower environmental footprint than traditional dairy, credits clarity of strategy and execution for keeping its investors enthused at a time when raising remains a challenge for many tech founders. All the investors in its April 2022 pre-seed (€4M) followed on for the oversubscribed €15M (~$15.9M) seed it's announcing today, according to CEO and co-founder, Stéphane MacMillan. The round is co-led by Sofinnova Partners and Sparkfood, with Captech Santé also participating.