US ingredient solutions specialist Ingredion has led a Series B financing round in Clara Foods, a producer of animal-free protein products.
Clara uses advanced fermentation to produce functional and nutritional proteins from microorganisms.
The financing round will be used to fast-track commercialisation of the world’s first chicken-less egg proteins, expand research and development capabilities, and broaden Clara’s product roadmap into many other animal proteins beyond the initial focus on egg white proteins.
“We see extraordinary value in partnering with Ingredion to distribute our products globally and look forward to jointly transforming the status quo,” said Arturo Elizondo, founder and CEO of Clara Foods.
“Ingredion has been a global supplier to the food industry for more than a century and is as committed as Clara to satiating the massive unmet consumer demand for animal-free proteins.”
The announcement comes after four years of Clara Foods began developing its protein production platform and raising an unannounced $15 million Series A led by The Production Board in 2016.