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Start-ups

Alternative dairy firms raise funds

by Melody M. Bomgardner
January 2, 2021 | A version of this story appeared in Volume 99, Issue 1
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Two start-ups working to make alternative milk products with nutrition that rivals the real thing have raised their first rounds of venture capital funding. Remilk, based in Israel, received $11.3 million to expand production of dairy proteins made by engineered microbes. Funders include the dairy food firm Hochland. San Francisco–based TurtleTree Labs raised $6.2 million from Green Monday Ventures, Eat Beyond Global, and others. The company is developing cell-based systems to produce proteins and complex sugars found in human milk.

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