KBW Ventures invests in US-based pet food startup

KBW Ventures invests in US-based pet food startup
KBW Ventures invests in US-based pet food startup

We show you our most important and recent visitors news details KBW Ventures invests in US-based pet food startup in the following article

Hind Al Soulia - Riyadh - KBW Ventures, the venture capital (VC) firm founded by Prince Khaled bin Alwaleed, son of Saudi Arabian billionaire Prince Alwaleed bin Talal, has invested in US-based Bond Pet Foods in a $1.2 million seed funding round.

Bond uses biotechnology to make animal-free and protein-rich pet food through a fermentation process. Animal muscle protein genes are taken from a farm animal and added to a microbe which is then fermented and fed with simple sugars, vitamins and minerals to produce a protei that is nutritionally identical to their meat counterparts without the environmental, animal welfare and safety downsides.

The seed round was led by Lever VC with participation from Agronomics, Plug and Play Ventures and Andante Asset Management.

"KBW Ventures joined Bond's seed round because we see that their proprietary approach to production has far reaching implications. The technology and science behind Bond products is in line with our values; we want to back ventures that are commercially-promising and that seek sustainable solutions," said Prince Khaled bin Alwaleed, founder and chief executive officer at KBW Ventures.

This is not the first “meat-alternative” investment from the Prince, who is an early investor in Beyond Meat, the vegan alternative to beef burgers based in the US.

These were the details of the news KBW Ventures invests in US-based pet food startup for this day. We hope that we have succeeded by giving you the full details and information. To follow all our news, you can subscribe to the alerts system or to one of our different systems to provide you with all that is new.

It is also worth noting that the original news has been published and is available at Wamda and the editorial team at AlKhaleej Today has confirmed it and it has been modified, and it may have been completely transferred or quoted from it and you can read and follow this news from its main source.

NEXT Saudi ambassador to France presents credentials in Paris