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The Silicon Review Asia

Food Startup Remilk Raises $12 million in Series B

Food Startup Remilk Raises $12 million in Series B

The funding will help the company transform the dairy category

Israeli food startup Remilk has raised $120 million in its Series B funding. The funding round was led by Hanaco Ventures and amongst the participants were Precision Capital, Chartered Group, CPT Capital, Intercap, OurCrowd, and Aliya Capital.

Founded in 2019, Remilk has established itself as a leader in the emerging cultivated dairy category. The funding will help the company to scale its production of its dairy-identical milk protein for commercial use by manufacturers in traditionally dairy-based products including cheeses, yogurt, and ice cream.

"Our mission is bold, and support from these experienced and trusted investors demonstrates the power of Remilk to meet the moment. This funding propels us on our journey to transform the dairy category into one that delivers delicious, nutritious products without harm to people, planet, or animals. Already, we are engaging with dozens of companies, including some of world's most popular brands, to recreate the future of dairy together," said Aviv Wolff, CEO and co-founder at Remilk.

The company is looking to liberate the food chain form dependency on animals. The company's yeast-based fermentation process produces animal-free milk proteins that are indistinguishable in taste and function from cow milk proteins, but free of lactose, cholesterol, and growth hormones. The patented process is helping drastically reduce environmental impact. 

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