Tech Company Financing Transactions
PoLoPo Funding Round
FoodLabs, CPT Capital and HackCapital participated in a $1.8 million Seed funding round for PoLoPo. The round was announced on 3/20/2023.
Transaction Overview
Company Name
Announced On
3/20/2023
Transaction Type
Venture Equity
Amount
$1,750,000
Round
Seed
Investors
Proceeds Purpose
PoLoPo will expand its core team of world-class scientists and accelerate its R&D efforts, projected to deliver prototypes of an egg replacer in the next 18 months.
Company Information
Company Status
Private & Independent
Industry
AgTech
Mailing Address
Undisclosed
Gan Shlomo, Undisclosed
IL
Gan Shlomo, Undisclosed
IL
Phone
Undisclosed
Email Address
Overview
PoLoPo is developing a plant bio-factory for high scale, custom-made production of proteins. Our first candidate is egg protein (ovalbumin) in an edible plant. Using directed metabolic engineering techniques, while exploiting the full potential of plants as diverse metabolite and green protein factories, we create a "superAA" plant. The superAA is able to produce considerable high amounts of free amino-acids. The elevated production of amino-acids is then translated into high scale production of proteins in plant organs. On the second phase we use superAA plants as the basic plants for the creation of a new set of plants, expressing and accumulating the target protein (such as egg protein) in plant sink organs
Management Team
Browse more venture capital transactions:
Prev: 3/20/2023: Toolify venture capital transaction
Next: 3/20/2023: Reebelo venture capital transaction
Share this article
Where The Data Comes From
Our team works diligently to report on every notable VC transaction. VC investment data records reported here are sourced from news reports and company announcements. The data is sourced from VentureDeal.com, an affiliated venture.
Additional Resources for Entrepreneurs