News
Founder Spotlight: Jim Fader on Eden Brew's precision-fermented casein mission
Eden Brew founder Jim Fader discusses the company's origins as a co-creation between CSIRO, Norco, Main Sequence Ventures, and its nutrition goals.
Corporate / CVC · 1 deal
Norco
Disclosed deals
Every published round Norco took part in, and every parcel of existing shares it bought off another holder. Deals we hold but haven't published yet are not counted.
| Company | Stage | Announced | Amount | Role | Alongside | Sources |
|---|---|---|---|---|---|---|
| Eden Brew | Unnamed stage | 27 Jul 2021 | $4m | Participant | SmartCompany (Fri 6 Oct 2023), SmartCompany (Tue 3 Oct 2023), SmartCompany (Fri 29 Oct 2021), SmartCompany (Tue 27 Jul 2021), Startup Daily |
Portfolio
Companies Norco has backed in a published round, and companies whose existing shares it bought off another holder.
| Company | What it does | First invested | Rounds | Led |
|---|---|---|---|---|
| Eden Brew | 27 Jul 2021 | 1 | 0 |
Funds
Fund closes reported for Norco, as distinct from the investments it has made.
Portfolio companies acquired
Companies Norco has backed that another company then bought. An exit for the holding, not a deal Norco did.
People
| Name | Role | Sources |
|---|---|---|
| Michael Hampson | CEO | Startup Daily |
Coverage
Stories naming Norco. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
19 deals
Data snapshot: From ‘lightning in a box’ to microbial carbon capture, agrifoodtech investment moves upstream in Australia as investors focus on climate mitigation
A data review of 2023's ten largest Australian agrifoodtech raises, topped by Loam Bio's US$73.2 million Series B, showing funding down 33% as capital concentrated in upstream climate-mitigation startups.
3 deals
Eden Brew raises $24.4 million to bring animal-free dairy products to market
Precision fermentation company Eden Brew raised a $24.4 million Series A led by Main Sequence, with Breakthrough Victoria and other backers, to commercialise animal-free dairy and relocate from Sydney to Melbourne.
Also @AuManufacturing·SmartCompany·Startup Daily·Startup Daily·Startup Daily·AgFunderNews·AgFunderNews·Crunchbase News
Unnamed stage
US$5m
Alt-milk CSIRO spinout raises $US 5 million
Fermentation startup Eden Brew announces US$5 million towards an ongoing raise, with follow-on backing from Main Sequence and new investment from Digitalis Ventures, funding dairy-free milk development and a planned ice cream launch.
Also AgFunderNews·SmartCompany·SmartCompany·@AuManufacturing
3 deals
Eden Brew launches with $4 million investment to develop a better alternative to cow’s milk
A venture making real milk proteins by fermentation has launched with backing from a national science agency, a dairy co-op and a venture fund, and two rival protein startups' fresh raises are noted.
Unnamed stage
$4m
CSIRO backs vegan 'milk' startup in $4 million project to brew fake dairy
Fermentation-based dairy startup Eden Brew launches with A$4 million from CSIRO, its venture fund Main Sequence, and dairy co-operative Norco, targeting its first animal-free milk product on shelves within 18 months.