De Novo Foodlabs, a Raleigh, NC-based food technology company, raised $4M in total funding.
Backers included Joyful Ventures.
The company intends to use the funds to further enhance the commercialization of its precision fermented lactoferrin product, NanoFerrin™.
Led by CEO Jean Louwrens, De Novo Foodlabs is a nutrition science and technology company that develops next-generation nutrition by merging science, protein expertise, and biopharma technology. Their flagship product, NanoFerrin™, offers an alternative to traditional lactoferrin, meeting the demand in the food & beverage and supplements industries.
Commenting on the news, Jean Louwrens said: “Our team of leading scientists and engineers has dedicated themselves to overcoming these challenges through precision fermentation technology, and we are thrilled to have achieved a breakthrough. NanoFerrin is not only more affordable and eco-friendly; importantly, it also provides a reliable supply source compared to traditional bovine lactoferrin products. We are excited to collaborate with our investors to elevate De Novo to new heights.”
FinSMEs
19/08/2024