TechCrunch
November 23, 2021
New Culture raises $25M to expand the animal-free cheese market

TechCrunch reports “New Culture lands $25 million in seed funding to commercialize its cheesy vegan mozzarella” led by Ahren Innovation Capital and CPT Capital and supported by new investors ADM Ventures, Be8 Ventures, S2G Ventures, Marinya Capital and Future Ventures.  New Culture (IBSF08 2019) creates the milk protein casein through a precision fermentation process to make its vegan cheese, which tastes, smells, and stretches like regular cheese. 

The article says investors are confident the authentic nature and healthier profile of New Culture’s animal-free mozzarella will help expand the small $1.2 billion vegan cheese market to $4.4 billion by 2027. Regarding availability of New Culture’s products, the article says, “The plan is to first distribute its cheese through pizzerias around the country beginning next year.”