Nobell Foods raises $75M to introduce cheese made from plants

28 July 2021 | News

With its Series B closing of $75 million, Nobell emerges with over $100 million in funding Image credit: PR Newswire Image credit: PR Newswire

US-based startup Nobell Foods raises $75 million to introduce delicious cheeses made from plant-derived dairy proteins, supporting its larger mission of creating a radically more humane and sustainable food system.

Founded and led by Magi Richani, Nobell creates key dairy proteins, including casein, from high-quality soybeans, enabling the brand to make cheeses that taste, smell, melt, stretch, and even age like those made from animals, and challenging the way we talk about, and eat cheese.

With its Series B closing of $75 million, Nobell emerges with over $100 million in funding backed by Andreessen Horowitz, Breakthrough Energy Ventures, and notable support from Robert Downey Jr.'s FootPrint Coalition Ventures. Others joining this round include: Unovis, Germin8 Ventures, Fifty Years, AgFunder, Pear VC, GL Ventures, the venture capital arm of Hillhouse Group, and Mission Bay Capital.

Prior to this Series B round, Nobell raised over $25M since launching from seed money startup accelerator Y Combinator in 2017. Nobell plans to launch its cheeses to the public by the end of next year.

 

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