While the current attention is on the Coronavirus, deals are still happening.
And more of them seem to be having a healthcare or natural element, with ADM Ventures, the corporate venture unit of US-based Archer Daniels Midlands, and Danone Manifesto Ventures, the impact venture capital unit of France-based food and beverage company Danone, backing Nature’s Fynd, a food tech company producing a protein from a microbe originally discovered in the geothermal springs of Yellowstone’s ancient volcano in the US.
Nature’s Fynd, formerly known as Sustainable Bioproducts, has raised $80m in the round, led by sustainable-focused investors Generation Investment Management and Breakthrough Energy Ventures, a $1bn fund that invests in companies combating climate change.
Lila Preston, co-head of the growth equity strategy at Generation Investment Management, said: “We have tracked the team and technology for several years and believe this is one of the most scalable platforms to drive true food system sustainability.”
The company, which employs 50 people across its Chicago headquarters and its Bozeman, Montana, research and development centre, emerged out of NASA supported research into organisms that thrive in the extreme environmental conditions of Yellowstone National Park’s geothermal springs. Those springs are part of one of the world’s largest active volcanoes.
Let us help they stay less active rather than adding more challenges to world.