Startup · $13m raised
CSIRO-invented seaweed-based technology aimed at producing carbon-neutral beef.
Every investor coverage indicates participated in a round Future Feed raised.
Companies Future Feed acquired or merged with, per published coverage. Buying a company is not investing in one: nothing here counts in the deals column.
| Name | Role | Sources |
|---|---|---|
| Alex Baker | CEO | AgFunderNews, Beef Central / Grain Central |
| Cassandra Kelly | Senior Advisor | Beef Central / Grain Central |
Stories naming Future Feed. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Weekly roundup: Blackbird confirms a record fund close and Galileo reaches a first close, Genesis merges with Proudi, IREN secures massive debt, and several startups report raises, grants and program wins.
Weekly roundup detailing eight trans-Tasman raises totalling A$373.3 million, headlined by Halter's Series E, spanning quantum computing, biomanufacturing, robotics, adtech and agtech, plus a recalled $2 billion founder exit.
Also Startup Daily
Six Australian startups, including Bodd, Hachiko and Cor, collectively secured about $24 million in fresh backing, while seaweed peer Sea Forest floated on the ASX and jumped in early trade.
Weekly funding roundup covering raises by Bodd, Hachiko, Fremantle Seaweed, Cor, Detail Earth and Recovr, plus seaweed peer Sea Forest's ASX float at a $112 million market capitalisation.
Also Startup Daily
Western Australia seaweed venture Fremantle Seaweed banked A$2.176 million from 676 crowd investors, with a larger sophisticated-investor tranche planned; Sea Forest's fresh ASX listing frames the story.
Sydney synthetic-biology venture Number 8 Bio has banked an $11m Series A with Icehouse Ventures leading, to advance cattle trials of its methane-cutting supplement; its 2024 seed and accelerator stint are recalled.
Queensland seaweed producer Provectus Algae raised a $10.1m Series A led by At One Ventures plus a $2.5m government grant to scale indoor Asparagopsis production for livestock methane reduction.
Q&A with FutureFeed's chief executive on Asparagopsis seaweed as a livestock methane-cutting feed additive: its licensing business, backers, licensees' progress, regulation, research and scaling hurdles.
Trade publication outlines FutureFeed's 2024 priorities for the asparagopsis seaweed additive business, noting industry investment and a research paper questioning the product's safety, which the company rejects.
Queensland algae startup Provectus Algae launches a seaweed-based livestock methane additive, touting cheaper production; founder Nusqe Spanton recently took strategic backing from Korea's CJ Bio.
GrainCorp received a $2.93 million federal grant through the MERiL program's third round to run large-scale dairy and beef trials of low-emission feed supplements, working with FutureFeed, CSIRO, University of Queensland and Agriculture Victoria Services.
Australia may adopt methane reduction targets, benefiting livestock feed additive startups. Sea Forest, a Tasmanian seaweed producer, previously received federal grants and counts major dairy and beef companies among its customers.
Asparagopsis seaweed feed supplement reaches commercial phase in Australia as CH4 Global records first feedlot sales. FutureFeed licenses CSIRO-discovered technology, with Sea Forest and SeaStock also taking orders from beef producers.
GrainCorp has launched GrainCorp Ventures, a corporate venture fund set up with Artesian Venture Partners, intending to back early-stage agtech, animal nutrition and food innovation startups, building on prior investments including Hone and FutureFeed.
Feature profile of Sea Forest, a Tasmania-based asparagopsis seaweed venture, covering its lifetime backing, trial partnerships with dairy and wool players, government grants and its founder's push toward commercialisation.
GrainCorp has received a half-million-dollar government grant to test a seaweed feed additive that cuts livestock methane, working alongside Agriculture Victoria and the FutureFeed partnership.
Also @AuManufacturing
Six research projects share four million dollars in federal MERiL grants to test seaweed, legume and synthetic feed additives that could cut methane from cattle and sheep.
Main Sequence recounts how personal relationships across CSIRO, Woolworths, ANU and prior ventures converged over years to found plastic-recycling startup Samsara Eco.