Agronomics, a listed company focused on the field of cellular agriculture, has led All G Food Holding Pty Ltd’s (All G Foods) Series A financing round with a AUD15 million (approximately £8.7 million) investment, subscribing for 2,803,214 Series A Preferred Shares.
The Subscription is conditional on All G Foods’ shareholder approval which is expected in Q3 2022.
Agronomics will own 8.01% of All G Foods on a fully diluted basis following close of the round. The Subscription will be made using cash from the Company’s own resources and will represent an estimated portfolio weighting based on the Company’s last reported Net Asset Value of 5.8%.
All G Foods is an alternative protein, Asia-Pacific company focused on the commercialisation of its precision fermentation platform designed to create sustainable dairy products and dairy proteins. It also owns a rapidly growing plant-based meat business Love BUDS which it is commercialising through key channels throughout Asia-Pacific including the Woolworths group.
