Vegan cheese start-up raises $3.5m to disrupt dairy industry

Vegan cheese start-up raises $3.5m to disrupt dairy industry
The New Culture team

New Culture, a San Fran start-up pioneering animal-free dairy cheese, has raised $3.5 million in seed round funding to help disrupt the dairy cheese sector.

Founded in 2018, the start-up uses fermentation to make dairy proteins and adds plant-based fats and sugars as well as the traditional cheesemaking process itself.

The company said its cheeses are “indistinguishable” from its animal produced counterparts in in taste, texture and function.

Coming out of the successful biotech accelerator program IndieBio, which other innovative food start-ups such as Memphis Meats, Clara Foods and New Age Meats have graduated from New Culture was quick to raise a highly sought after seed round.

The round was led by Evolv Ventures, the $100 million venture fund backed by Kraft Heinz investing in emerging tech companies transforming the food industry.

Other investors in the round include Bee Partners, Mayfield, CPT Capital, Boost VC and SOSV who followed on after its initial pre-seed investment through IndieBio.

“We want to disrupt one of the oldest and largest food industries in the world by producing a better dairy cheese for anyone to enjoy – whether you’re a cheese lover, lactose-intolerant, vegan, environmentally conscious or health-conscious,” said Matt Gibson, CEO and co-founder of New Culture.

“The capital, knowledge and network our investors bring to New Culture enables us to begin doing that.”

New Culture will remain in the San Francisco Bay Area as it looks to set up an R&D and fermentation facility while also growing its team.