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Date: | Wed, 6 Jul 2022 17:12:40 -0400 |
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Venture capitalists greenwashing “saving the bees”.
SAN FRANCISCO--(BUSINESS WIRE)--MeliBio, Inc., the world’s first food-tech company focused on creating real honey without bees, announced a $5.7M Seed round to scale its proprietary technology of precision fermentation and plant science and launch its first line of commercial products. The round is led by Astanor Ventures, with participation of existing and new investors.
MeliBio’s bee-free honey invention was previously named TIME’s Best Inventions 2021 and addresses key UN Sustainable Development Goals. The company’s total funding up to date reaches $7.2M dollars. MeliBio was founded in 2020 in Berkeley, CA by Latinx scientist and amateur chef Aaron Schaller, PhD, and Serbian immigrant and honey industry executive Darko Mandich.
Darko Mandich, CEO & Co-Founder of MeliBio, said, “We know that science can produce delicious and nutritious honey, which is molecularly identical to traditional honey, at no cost to our precious bees. At MeliBio, we are here to introduce certainty in the supply chain and help companies simplify their honey sourcing, while making their honey-based formulations sustainable and delicious. Together with our clients, we can make the future of honey better, for both humans and for bees.”
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