# Air Protein

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/air-protein

- Industry: Food
- Headquarters: San Leandro, US
- Website: www.airprotein.com
- Total disclosed funding: $32M
- Latest round: Series A (Dec 18, 2020)
- Investors on record: 11

## About

Air Protein, Inc. is a US-based company that specializes in developing sustainable protein alternatives derived from air, water, and energy, addressing the growing global demand for nutritious food with minimal environmental impact.Founded in 2019 in San Leandro, US, Air Protein, Inc. focuses on producing nutrient-dense food ingredients through innovative landless agricultural technologies. The company raised USD 75.00 mn in their most recent funding round on May 18, 2023, with investors including ADM Ventures, Barclays, Ford Family Foundation, and GV.Air Protein specializes in the development and production of nutrient-dense food ingredients derived from air, water, and energy, leveraging innovative landless agricultural technologies. Their core offerings focus on creating sustainable protein alternatives designed to meet the growing global demand for nutritious food while minimizing environmental impact. The company effectively addresses the challenges associated with traditional agricultural supply chains, such as geographic limitations and seasonal constraints, by enabling year-round production of wholesome ingredients. Air Protein’s products are tailored for diverse markets, with potential applications ranging from consumer food products to ingredients for food manufacturers and food service providers. Their client base spans multiple industries, including food and beverage manufacturers, health-focused retailers, and environmentally-conscious consumers, with a focus on markets across North America and Europe.Air Protein operates through a B2B model, establishing partnerships and agreements with food manufacturers and distributors to supply its innovative protein ingredients. The revenue structure is built around long-term contracts and bulk sales agreements, providing clients with consistent access to Air Protein’s offerings. Transactions involve direct sales to food producers seeking to incorporate sustainable protein into their products. While specific pricing details for their products are not disclosed, Air Protein’s emphasis on affordability suggests a competitive pricing strategy aimed at making their sustainable ingredients accessible to a wide range of clients. The company’s strategic partnerships, such as those with ADM, further enhance their market reach and revenue potential by aligning with established players in the food production industry.In May 2023, Air Protein, Inc. raised USD 6 mn in venture funding from returning investors ADM Ventures, Barclays, and GV, with participation from new investor Ford Family Foundation. The company will utilize this funding to expand its product development initiatives. Air Protein aims to launch new products designed to cater to the increasing demand for sustainable food sources, while also planning to expand into new markets, focusing on further penetration in North America and Europe.

## Funding rounds

- Series A, Dec 18, 2020, $32M — GV, Primera Capital, Kapor Capital, Radicle Impact Partners, Plum Alley, GingerBread Capital, ADM Ventures, Fearless Fund, Park Bench Capital, Barclays Climate Ventures, Unreasonable

## Investors

- GV (https://capitalatlas.ai/funds/gv) — Series A
- Primera Capital (https://capitalatlas.ai/funds/primera-capital) — Series A
- Kapor Capital (https://capitalatlas.ai/funds/kapor-capital) — Series A
- Radicle Impact Partners (https://capitalatlas.ai/funds/radicle-impact-partners) — Series A
- Plum Alley (https://capitalatlas.ai/funds/plum-alley) — Series A
- GingerBread Capital (https://capitalatlas.ai/funds/gingerbread-capital) — Series A
- ADM Ventures (https://capitalatlas.ai/funds/adm-ventures) — Series A
- Fearless Fund (https://capitalatlas.ai/funds/fearless-fund) — Series A
- Park Bench Capital (https://capitalatlas.ai/funds/park-bench-capital) — Series A
- Barclays Climate Ventures (https://capitalatlas.ai/funds/barclays-climate-ventures) — Series A
- Unreasonable — Series A