Calysta to Commercially Develop its FeedKind Fishmeal Protein in $30 Million Deal with Cargill
SEAFOODNEWS.COM [SeafoodNews] February 2, 2016
Fish feed protein producer Calysta will proceed with the commercial development of its FeedKind protein ingredient through a $30 million Series C Financing agreement with Cargill, the Municipal Employee Retirement System of Michigan and Old Westbury Global Real Asset Fund.
Calysta intends to use the Series C investment to advance new product development, commercial manufacturing and continued advances in its proprietary state-of-the-art gas fermentation platform. In addition to the funding, Calysta and Cargill will collaborate in the North American manufacturing and global marketing of Calysta’s FeedKind protein, a family of high value environmentally-friendly nutritional feed additives for fish and livestock.
Also participating were current Calysta investors Walden Riverwood Ventures, Aqua-Spark and Pangaea Ventures...
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