The EVERY Company Closes Oversubscribed $175 Million Series C Round
Company plans to drive scale-up of its B2B animal-free protein platform
PHOTO COURTESY OF: The EVERY Company
The EVERY Company, the leading precision fermentation platform accelerating a global transition to animal-free protein, announced it has closed $175 million in Series C financing. The round was co-led by new investor, McWin, and existing investor, Rage Capital. Other new and existing investors joined the round including Temasek, Grosvenor’s Wheatsheaf Group, and TO Ventures. Prosus Ventures also contributed to the funding, marking its first investment in synthetic biology.
Notably, the Series C round raised by EVERY™ (formerly Clara Foods) was heavily oversubscribed due to strong investor appetite to fill the growing supply gap for animal-free protein and ingredient solutions.
The Series C round brings EVERY’s total funding to $233 million. EVERY™ will use the capital to scale production, commercialize a robust pipeline of animal-free protein products nationwide, and expand into a broad array of new food applications. EVERY™ will also continue to expand its protein production platform by mining the egg proteome for novel, hyper-functional proteins.
EVERY™ has pioneered a disruptive advance in food technology by developing a platform that produces real animal proteins without the use of a single animal. Last year, it launched the world’s first animal-free pepsin with Fortune 500 ingredients company, Ingredion. Most recently, it launched the world’s first animal-free egg protein. In November, EVERY™ made its retail debut by announcing a limited time partnership with leading national cold-pressed juice brand Pressed to serve the world’s first nature-equivalent animal-free protein smoothie directly to consumers for the first time.
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