top of page
Aerial View of Waves_edited.jpg

Multus announce $9.5m Series A round

  • Writer: Pippa Gawley
    Pippa Gawley
  • Jan 16, 2023
  • 1 min read

We're celebrating the news that our Zero Carbon Fund (Fund 1) portfolio company, Multus Media have closed their Series A round. The round was led by specialist early-stage food and ag VC fund, Mandi Ventures and included UK biotech investors SynBioVen, US investor SOSV (Indie Bio), Big Idea Ventures and Japanese corporate Asahi Kasei. Multus also managed to secure £2.15m ($2.5m) from Innovate UK in the super competitive EIC Accelerator.

The funding will allow Multus to build a world-first production plant to scale their animal-free growth media in the UK, accelerating the cultivated meat industry towards price parity. It will also enable Multus to continue their product development in advanced growth media formulations and food-grade raw materials.


Commenting on the round, Multus CEO Cai Linton said:

"We are excited to use this funding to drive innovation in novel ingredient discovery, intelligent formulation design and food safe growth media production for the affordable scale-up of the cellular agriculture industry."
"We are confident that our unique approach to growth media will play a key role in making cultivated meat a sustainable and affordable choice for all."

Find out more from the press release on Multus's shiny new website.

Comentarios

Risk to Capital

 

Investing in start-ups and early-stage companies involves risks, including illiquidity, lack of dividends, loss of investment and dilution. It should be done only as part of a diversified portfolio. There is no assurance that the investment objectives of any investment opportunity will be achieved or that the strategies and methods described herein will be successful. Past performance is not necessarily a guide to future performance and the value of an investment may go down as well as up.

 

The investments which we promote are targeted exclusively at investors who understand the risks of investing in early-stage businesses and can make their own investment decisions. Any pitches for investment are not offers to the public and investments can only be made through Sapphire Capital Partners LLP as the fund manager. Neither Zero Carbon Capital Limited, Sapphire Capital Partners LLP nor any of their members, directors or employees provide any financial, legal or tax advice in relation to the investments and investors are recommended to seek independent advice before committing or if they have any doubts as to the appropriateness or suitability of such an investment in relation to their specific circumstances.

 

Zero Carbon Capital Limited is a private limited company registered in England and Wales with registration number 12028532. Registered office: Station House, North Street, Havant, England, PO9 1QU.

​

Zero Carbon Capital Limited (FRN: 916588) is an appointed representative of Sapphire Capital Partners LLP (FRN: 565716), who are authorised and regulated by the Financial Conduct Authority.

Investments made in investee companies via alternative investment funds may be covered by the Financial Services Compensation Scheme (FSCS). For more details, please contact us or refer to their website: https://www.fscs.org.uk.

© 2024 - Privacy

bottom of page