The feed firm introduced yesterday that it had taken a minority share in Scotland-based Roslin Technologies Limited, as a part of that innovator’s £11m (US$12.3m) Series A funding spherical.
The fundraising effort, which was led by Novo Holdings and in addition noticed participation from Kairos Capital Group, Esco Lifesciences, Future Planet Capital and Alchimia, is meant to assist Roslin Tech in its mission to change into the main supplier of animal cell traces to the rising cultivated meat sector.
The provide of cell traces is a bottleneck within the development of cultivated protein. Roslin has developed stem cells with the capability to all the time self-renew and differentiate in desired end-tissues for meat.
“By combining Nutreco’s in depth data on feed substances and provide chains and Roslin Tech’s complementary skillsets on cell line improvement, we will do for cell-farming companies what we already do for animal farmers: present the very best vitamins to the people who find themselves rising the protein,” stated Fulco van Lede, Nutreco’s chief govt.
The funding offers the Dutch group an extra stake within the cultivated protein provide chain – it has beforehand invested in US cell-based seafood startup, BlueNalu, and mobile meat pioneer, Mosa Meat.
While it expects the animal protein market to proceed to develop and it’s absolutely dedicated to supporting livestock and aquaculture prospects with substances and applied sciences, Nutreco argues that to sustainably feed an ever-growing inhabitants, the world will want extra options than animal protein – and cultured meat is a superb different.
Nutreco was additionally again on the asset path this week, with it revealing on Wednesday that it had acquired Mosegården, a livestock vitamin provider in Denmark centered on minerals and animal well being merchandise for pigs and cattle.
The transfer adopted its purchase of one other Danish entity in 2021, concentrates and mineral producer, Nutrimin.
Nutreco stated the addition of Mosegården’s dietary actions to its native livestock feed enterprise will strengthen the footprint of its Trouw Nutrition model in Denmark, enabling it to carry a sizeable place within the Danish ruminant vitamin market and produce its portfolio of specialities to a broader variety of Danish farmers.