Tech Company Financing Transactions
Cauldron Ferm Funding Round
Horizons Ventures and Main Sequence Ventures joined a $10.5 million Seed funding round for Cauldron Ferm. The funding round was announced by the company on 3/27/2023.
Transaction Overview
Company Name
Announced On
3/27/2023
Transaction Type
Venture Equity
Amount
$10,500,000
Round
Seed
Investors
Horizons Ventures (Lead Investor)
Main Sequence Ventures (Lead Investor)
Proceeds Purpose
Cauldron, based in regional NSW, will use the funds to expand its existing pilot plant in Orange, 260km west of Sydney, as well as building a national production network and team.
Company Information
Company Status
Private & Independent
Industry
AgTech
Mailing Address
Undisclosed
Orange, NSW, Undisclosed
AU
Orange, NSW, Undisclosed
AU
Phone
Undisclosed
Website
Email Address
Overview
The world needs a new way to produce. Although the population growth rate is declining, the planet will reach 10 billion people by 2080*. Alongside increasing demand for quality food, feed and fibre, production will fall well short if methods don't change. Fermentation is the solution. Australia has the unique capability and natural resources to become a pioneer in the burgeoning precision fermentation industry. The process of "Fermafacturing", not farming, will unlock the future of global production at scale. And Cauldron holds the keys.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Michele Stansfield
Chief Financial Officer
David Kestenbaum
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