The Every Company, formerly known as Clara Foods, has raised $175 million in a Series C funding round, bringing its total to date to $233 million.
The round was co-led by McWin and existing investor Rage Capital. Other new and existing investors joined the round, including Temasek, Wheatsheaf Group, Prosus Ventures and TO Ventures.
The US food technology business will use the investment to scale production, commercialise an array of animal-free protein products nationwide, and expand into a wide range of new food applications.
The Every Company will also continue to accelerate its protein production platform by mining the egg proteome for novel, hyper-functional proteins.
Arturo Elizondo, CEO and founder of The Every Company, commented: “There has never been a better time to be a B2B ingredients platform. As the world’s biggest food companies work to evolve their product offerings into the 21st century by driving for cleaner, kinder and more sustainable labels, the options available are few and far between.”
He continued: “We at Every are perfectly positioned to enable the world’s largest and smallest food companies to transition to an animal-free future – without compromises. Now, our major objective is to scale the platform to make good on our promise to bring our proteins to everyone, everywhere. This new injection of capital will allow us to do just that.”
In April, the company partnered with AB InBev’s ZX Ventures to scale up the fermentation of animal-free proteins.
© FoodBev Media Ltd 2021
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