Celleste Bio Raises $4.5M in Seed Funding

Celleste Bio, a Tel Aviv, Israel-based early-stage cocoa-tech company, raised $4.5M in Seed funding.

The round was led by Supply Change Capital, with participation from Mondelēz International’s SnackFutures Ventures, Consensus Business Group, The Trendlines Group, Barrel Ventures and Regba Agriculture.

The company intends to use the funds to accelerate R&D, infrastructure, and technological capabilities needed to pilot and scale production of its cell-cultured cocoa ingredients.

Established in 2022 by Co-founder and Chief Technical Officer Hanne Volpin, PhD, Orna Harel, Avishay Levy and Daphna Michaeli, PhD with support from The Trendlines Group, Celleste Bio is a cocoa tech company aiming to create an economically and environmentally sustainable cocoa supply. It uses a proprietary combination of BioTech, AgTech, and computational AI to produce 100 percent natural cocoa ingredients.

FinSMEs

05/12/2024