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TechCrunch
Dec 8, 2021
IndieBio alum The Every Company (fka Clara Foods) raises $175M to challenge egg industry

The TechCrunch article  “The Every Co. grabs $175M as it cracks code on animal-free protein products” reports on a series C round raised by the IndieBio alum The Every Co. (fka Clara Foods),  from IndieBio’s first cohort (IBSF01 2015). The round was co-led by McWin and Rage Capital and also includes SOSV / IndieBio, Temasek, Wheatsheaf Group, and TO Ventures. 

The Every Co. uses precision fermentation to make eggs. The article reports the investment will “enable the company to scale production, commercialize further products in its pipeline, and expand into new food applications for its technology.”

Undaunted by tackling the centuries-old egg industry, Arturo Elizondo, Every Co. founder and CEO said: “You can’t just make a tasty product because eggs are a functional ingredient in almost everything. To have a shot at dominating the market, we have to allow consumers to make the transition and have a 1:1 ratio so we can have the biggest shot at giving the incumbents a run for their money.”