Equinom, a plant-based nutrition company that leverages a novel approach to improve seeds and deliver high-quality source ingredients, announced today it has raised $20 million in Series C Funding led by Phoenix, with participation from Fortissimo, BASF Venture Capital, Trendlines and Maverick, the company announced Tuesday.
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"With this capital vote of trust from investors, we now have the ability to unleash our products in the market and become a global leader in the agtech space," said Equinom founder and CEO Dr. Gil Shalev.
"Leveraging our cutting-edge seed-to-plate food-application technology to create source ingredients, Equinom helps market-leading food brands turn regular food into super food. Similar to how consumers use Google, we anticipate they will use Equinom's AI database to match their needs with non-GMO ingredients that have never been explored before. In Q4 we will be releasing our first batch of Smarter Pea Protein concentrate to the market which will be the highest pea protein concentrate available in the world."
Currently, Equinom has over 100,000 acres grown across five continents throughout the world and has secured millions of dollars in contracts with market-leading food brands. Using AI-driven technology to naturally breed and grow superior seeds that boost nutrition, Equinom works with its partners to custom-design ingredients and enable local sourcing.
