Onego Bio

Overview
News
Plant-based Dairy & Egg?

Founded in 2022 as a spinoff from VTT Technical Research Center of Finland, Onego Bio is a Finnish BioTech startup that produces bioalbumen (animal-free egg protein) with cellular agriculture, with a specific precision fermentation process that creates animal-free egg white protein. Onego Bio’s bioalbumen technology was developed and researched at VTT, where they created ovalbumin–egg white protein–in powder form using the fungus Trichoderma reesei ('Tr-OVA'), which is suitable for large-scale industrial production. With the support of water, sugar, and specific minerals, this BioTech technique based on harnessing the microflora Tr-OVA for protein synthesis has the capacity to give considerable environmental benefits to egg white production.

The startup intended to initially offer the product as an ingredient for bakery and confectionery industries as well as a protein supplement for fitness products before moving into the consumer market with its own branded baking and culinary products. Onego Bio was to concentrate on expanding its pilot production in Finland and obtaining the required commercial certifications for its first product bioalbumen powder. The product would be first launched in the US, where the regulatory environment allows for quicker introduction into the market.


HQ location:
Hämeentie 157 Helsinki FIN
Founded year:
2022
Employees:
11-50
IPO status:
Private
Total funding:
USD 71.1 mn
Last Funding:
USD 15.3 mn (Series Unknown; Jul 2024)
Last valuation:
-
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