US – Change Foods (CF), a producer of animal-free cheese and dairy products, has secured an investment from CULT Food Science to bolster its potential to make permanent and major improvements in the animal-free dairy industry.
CF is working to create real dairy food that is tasty, nourishing, and sustainable by using microbes instead of animals. The venture is also striving to produce non-dairy cheese while using less water, energy, and land.
CULT, a Canada-based food investment firm, hinted that by it being in the cellular agriculture industry, it has been and will continue to search for affordable and sustainable solutions to feed the next billion people on the planet.
According to CULT, as protein demand surges the human population is expected to swell more than 20% to nearly 10 billion by 2050, giving a reason for the need to address the shortage of food that will follow it.
The decision of CULT to invest in CF follows its announcement of the establishment of a special committee headed by its Chief Executive Officer, Lejjy Gafour, in April, to explore opportunities to advance the Company.
The advancements were supposed to focus on intellectual property development and investing in the areas of novel air protein and starch synthesis technology.
The investment comes after Change Food recently secured US$12 million in a seed extension fundraising round, bringing its total seed funding to more than US$15.3 million.
CF’s process of creating animal-free foods includes harnessing the power of microbes to create real dairy proteins, fats, and flavors through precision fermentation.
Precision fermentation uses microbial hosts that work as cell factories to produce cheese without the need for dairy products from animals.
No animals are required, which is the main goal for CF in regard to developing a sustainable food system that is kind to people, animals, and the planet.
Contrary to other animal-free dairy companies, CF said it uses traditional cheesemaking techniques to create a cheese that tastes, stretches, and melts like cheese made of dairy.
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