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Pigmentum raises USD 6 million in seed funding round
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Jan 25, 2023
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Plant-based Dairy & Egg

Plant-based Dairy & Egg

Jan 25, 2023

Pigmentum raises USD 6 million in seed funding round

Funding

  • Israeli agrotech startup, Pigmentum, has raised USD 6 million in a seed funding round led by Kibbutz Yotvata, Arkin Holdings, American and Israeli family offices, and other private investors, along with existing investors such as Tnuva, Tempo, and OurCrowd.

  • Although specific uses of the funding were not disclosed, it is understood that the company will use the funds raised toward its innovative technology of deriving plant-based animal-free proteins from plant factories.

  • This funding round follows the company’s participation in the Fresh Start FoodTech Incubator program— part of the Israel Innovation Authority Incubator program—where it received USD 1.25 million.

  • Founded in 2018, Pigmentum has developed a molecular technology platform enabling the conversion of plants (such as lettuce) into factories that create proteins (such as casein) by adding a component to the irrigation system that results in the activation of a unique genetic mechanism. 

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