“In the cellular agriculture industry, we are searching for affordable and sustainable solutions to feed the next billion people on the planet,” said CULT CEO Lejjy Gafour
CULT Food Science Corp said it has made an investment in Change Foods (CF), an Australian-Californian food-tech start-up in the growing field of animal-free dairy.
“CULT appreciates the opportunity to invest in Change Foods, which is an exciting venture that is aiming to positively change the course of the food industry,” said Lejjy Gafour, CEO of CULT, in a statement.
“We are highly interested in Change Foods’ potential to make permanent and major improvements in the animal-free dairy industry,” he added.
CF recently secured US$12 million in a seed extension fundraising round, bringing its total seed funding to more than US$15.3 million, the company said.
CF strives to create real dairy food that is tasty, nourishing, and sustainable by using microbes instead of animals, CULT said. Its process includes harnessing the power of microbes to create real dairy proteins, fats, and flavours through precision fermentation.
CF uses traditional cheesemaking techniques to create a cheese that tastes, stretches, and melts like cheese made of dairy. 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, the company added.
Beef and dairy cattle account for about two-thirds of greenhouse-gas emissions from livestock around the world, and as the human population is expected to grow more than 20% to nearly 10 billion by 2050, the demand for protein will surge, CULT noted.
“In the cellular agriculture industry, we are searching for affordable and sustainable solutions to feed the next billion people on the planet. CULT is optimistic that CF will help get the industry and the world one step closer to that goal,” added Gafour.
The first of its kind in North America, CULT Food Science is an innovative investment platform with an exclusive focus on cellular agriculture. It is advancing the development of novel technologies to provide a sustainable, environmental, and ethical solution to the global factory farming crisis.