Agronomics, a listed company focused on the field of cellular agriculture, is making a USD8 million investment in The EVERY Company (EVERY, formerly Clara Foods Co), for an equity stake on a fully diluted basis of 1.39 per cent.
This equates to an estimated portfolio weighting based on the Company’s last reported Net Asset Value of 5.7 per cent. Agronomics is investing as part of a minimum fundraise of USD127.5 million undertaken by EVERY.
EVERY is a precision fermentation company with a key focus on the commercialisation of proteins traditionally derived from animals. EVERY was founded in 2014 by Arturo Elizondo, with the mission to accelerate the transition to animal-free and more sustainable proteins and reduce factory farming practices.
Jim Mellon, Non-executive Director of Agronomics, says: “We are extremely pleased to become investors in EVERY, a leader in the cellular agriculture field, with its world class precision fermentation platform. This investment broadens Agronomics’ portfolio further into other major protein categories outside of meat and dairy. We are delighted to be working with Arturo to accelerate the commercialisation of animal-free egg proteins.”
