Food Systems News reports that TurtleTree Labs, a startup producing milk using cell-based technology, raised $6.2 million in an oversubscribed Pre-A funding round led by Green Monday Ventures, Eat Beyond Global, KBW Ventures and Verso Capital.
The company develops proteins, fats and sugars that are found in milk to create sustainable dairy and infant nutrition products. Funds from the Pre-A round will go toward research and production of bioactive compounds found in human milk, which will be applied to both infant and senior nutrition.
“The vision of TurtleTree Labs is to create a truly sustainable and cruelty-free food system,” said Max Rye, chief strategist of TurtleTree Labs. “We are grateful to have the support of leading investors from every corner of the world.”
TurtleTree Labs also announced HRH Prince Khaled bin Alwaleed bin Talal Al Saud, founder and chief executive officer of KBW Ventures, will join the company as an adviser. In this role, he will shape new market growth plans and lend expertise in the alternative protein and food technology spheres.