Australian alternative protein company, All G Foods, has announced an AUD 25 million ($17.7 million approx.) Series A raise.

All G Foods offers a range of meat alternative products, including mince, burgers and nuggets, that are sold under the Love Buds brand.

In addition to plant-based meat, All G Foods’ business also encompasses animal-free dairy. The company is working to advance precision fermentation technology, with a focus on casein micelle formation.

Agronomics Limited and its affiliate investment vehicle, New Agrarian Company, is leading the Series A round.

The new funds will enable All G Foods to accelerate its commercialisation objectives in both the plant-based and cellular agriculture spaces.

“We could not be happier with Agronomics leading our Series A round due to their wealth of experience in funding the cellular agriculture sector,” said Jan Pacas, founder and CEO of All G Foods.

“When looking for investment it is critical for us that our investors share our vision for developing technology that can change the way we impact the planet through categories that are simply not sustainable as our populations grow. We are confident that with investors like this, we can accelerate our commercialisation objectives and lead food innovation in Asia-Pacific.”

The AUD 25 million secured is part of a larger expected round.

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