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Data snapshot: From ‘lightning in a box’ to microbial carbon capture, agrifoodtech investment moves upstream in Australia as investors focus on climate mitigation

A data review of 2023's ten largest Australian agrifoodtech raises, topped by Loam Bio's US$73.2 million Series B, showing funding down 33% as capital concentrated in upstream climate-mitigation startups.

Eden Brew raises $24.4 million to bring animal-free dairy products to market

Precision fermentation company Eden Brew raised a $24.4 million Series A led by Main Sequence, with Breakthrough Victoria and other backers, to commercialise animal-free dairy and relocate from Sydney to Melbourne.

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Alt-milk CSIRO spinout raises $US 5 million

Fermentation startup Eden Brew announces US$5 million towards an ongoing raise, with follow-on backing from Main Sequence and new investment from Digitalis Ventures, funding dairy-free milk development and a planned ice cream launch.

Also AgFunderNews·SmartCompany·SmartCompany·@AuManufacturing