Calysta, Maker of FeedKind Alternative Protein, Raises $39 Million Led by BP Ventures
September 09 2021 - 3:31PM
Dow Jones News
By Josh Beckerman
Calysta Inc., an alternative protein producer, completed a $39
million financing round, led by BP PLC's BO Ventures.
Adisseo, AquaSpark and WTI and other investors participated.
According to a Wall Street Journal article in August, Meghan
Sharp, head of BP Ventures, said BP PLC increased its focus on
venture capital since establishing plans last year to reduce oil
and gas production. BP's recent investments include geothermal
company Eavor Technologies Inc.
Calysta's FeedKind protein is produced with a gas fermentation
process using naturally occurring microbes. FeedKind products
include feed ingredients for fish, livestock and pets.
The company describes FeedKind as a safe and effective
alternative to the fishmeal and soy protein used in the aquaculture
market, "allowing for the expansion of aquaculture without needing
to catch more fish from the ocean or use more wild spaces to grow
crops."
Write to Josh Beckerman at josh.beckerman@wsj.com
(END) Dow Jones Newswires
September 09, 2021 15:16 ET (19:16 GMT)
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