Bond Pet Foods, a Boulder, CO-based company creating meat proteins through fermentation for pet food applications, completed its Series A fundraise totaling $17.5m.
The round includes investment from global food and agriculture pioneers ADM Ventures (Archer Daniels Midland Company) and Cavallo Ventures (Wilbur Ellis); institutional funds Genoa Ventures and Lever VC; food/tech and sustainability investors Thia Ventures, iSelect Fund, Stage 1 Fund, Lifely VC and Satori Capital, as well as music icons Sia Isabelle Furler and Joan Jett.
The funding will be used to expand the company’s meat protein portfolio and scale up production at a new 15,000 square foot facility in central Boulder, more than triple the size of its team, strengthening its science, technical and regulatory competency.
Founded in 2017, Bond Pet Foods uses biotechnology to create meat proteins through fermentation, harvests them to meet the nutritional requirements of companion animals, and supplies the ingredients to manufacturers for pet food, treat and supplement applications.
Prior to this Series A round, Bond raised $2.5m from investors including Lever VC, Agronomics, KBW Ventures, Plug and Play Ventures and Trellis Road, bringing its total funding to-date to $20m. In November of last year the company also announced a partnership with Hill’s Pet Nutrition, to develop a craft meat protein for its product portfolio.
FinSMEs
07/09/2022