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Food and Beverage North America Nutrition

Making Honey Without Bees: MeliBio Raises $850,000 Pre-Seed Round

– MeliBio, Inc., the startup making real honey without bees, has today announced the closing of $850,000 in the pre-seed round funding.
– The company, founded in 2020 by Aaron Schaller, PhD and Darko Mandich is developing a proprietary technology based on synthetic biology, precision fermentation, and plant science that replaces honeybees as a medium for honey production.
– The global honey market in 2020 was valued at $9 billion. Today, the industry solely relies on honeybees and faces many issues related to sustainability and its negative impact on bee biodiversity.
– By producing real honey with the help of science, MeliBio is revolutionizing the industry to help save 20,000 wild and native bee species that are essential to Earth’s flora and fauna.

Delivery Dietary Supplements Health Care North America Nutrition Wellness

Sakara Life Announces Series B Fundraise and Appoints John Replogle As Chairman of the Board to Architect New CPG Category

– Sakara Life, a direct-to-consumer wellness and lifestyle program that is transforming lives by harnessing the power of food as medicine, announced today the completion of a $15m Series B financing.
– The round was led by new investors One Better Ventures, Silas Capital (Boll & Branch, Herbivore, ILIA) and existing investor Annox Capital (ClassPass, Dropbox, Clear).
– Sakara also announces the appointment of strategic investor John Replogle, former CEO of Seventh Generation + Burt’s Bees, as Chairman of Sakara Life’s Board of Directors to shepherd an expansion into new consumer packaged goods verticals.

Food and Beverage Food Processing North America Nutrition Organic Food

Eat Just Closes $200 Million in New Funding to Accelerate Growth

– Eat Just, Inc. announced that it has secured $200m in a new funding round led by the Qatar Investment Authority (QIA), the sovereign wealth fund of the State of Qatar; joined by private investment firm Charlesbank Capital Partners and Vulcan Capital, the investment arm of the estate of Microsoft co-founder and philanthropist Paul G. Allen.
– The industry-leading food tech startup, which has raised more than $650m since its founding in 2011, will add QIA and Charlesbank to its Board of Directors.
– BofA Securities, Inc., acted as lead placement agent and ABG, LLC, advised on the investment that will be used to build capacity for Eat Just’s pioneering products; accelerate research and development programs and build its brands in key international markets.

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