The total investment capital is to the tune of $28 M
FoodTech startup Imagindairy, developer of animal-free milk proteins, secured an additional $15 million in its extended seed-round. The initial round in November 2021 brought in $13 million. This brings the total investment capital to $28 million, making it one of the highest-earning seed rounds in the alternative protein space.
The funding was led by Target Global and joined by the company’s existing investors Strauss Group, Emerald Technology Ventures, Green Circle Foodtech Ventures, Collaborative Fund, New Climate Ventures, and FoodSparks by PeakBridge, demonstrating a robust commitment to the company’s future progress.
“This extremely successful seed round reflects a strong vote of confidence in Imagindairy and its vision to lead the animal-free dairy industry,” enthuses Eyal Afergan, Co-Founder and CEO, Imagindairy. “This substantial injection of capital will serve to advance our ability to make true dairy alternative products a day-to-day reality.”
The funds raised in this seed round will be used to accelerate the company’s R&D efforts to launch a range of real dairy products without using animals. It also will help attract additional talent to its expanding workforce. Imagindairy is currently in dialogue with major dairy food producers seeking to diversify their product portfolios.
