Unibio has raised a $70M funding round to improve food security by producing sustainable food.
The round was led by Saudi Industrial Investment Group.
- Unibio develops proprietary fermentation technology that aims to improve food security by growing food in a sustainable way.
- Its solution enables methane to be turned into protein by bacterial fermentation.
- The investment is structured in two separate installments.
- The first installment ($25M) will be paid now.
- The second installment is subjected to Foreign Direct Investment approvals.
- The company aims to use the funding to boost its global production capacity, grow operating capabilities, and accelerate product development.
- Since its inception in 2001, the company has raised around $110M.
- Unibio is based in London, United Kingdom.
