# Nourish Ingredients

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/nourish-ingredients-pty

- Industry: Food
- Headquarters: Canberra, Australia
- Website: www.nourishing.io
- Total disclosed funding: $38M
- Latest round: Series A (Jun 27, 2022)
- Investors on record: 13

## About

Based in Canberra, Australia, and founded in 2019 by CEO James Petrie and Ben Lieta, Nourish Ingredients Pty Ltd, provides plant-based substitute proteins that smell and taste like animal-based proteins without the use of animals. In October 2022, Horizons Ventures led AUD 45.3 million in Series A funding for Nourish Ingredients Pty Ltd, with participation from Main Sequence Ventures and Hostplus. As of December 2022, the firm has only one branch with 50 employee’s strength.  

Nourish Ingredients provides animal-free fats and oils by utilizing synthetic biology. The company has developed a proprietary fermentation process that allows it to mimic animal fats’ molecular structure without using the animal products or materials like palm and coconut oil. 

Nourish plans to use its proceeds from October 2022 funding for expanding its alternative protein product line in Australia and other parts of the world.

## Funding rounds

- Series A, Jun 27, 2022, $28M — Capital Property Corporation, Horizons Ventures, Vectr Ventures, Main Sequence Ventures, Hostplus, K5 Global, Radar Ventures, Grieg International Limited, Newbiz Investments Limited
- Seed, Sep 14, 2020, $8.6M — Horizons Ventures, Vectr Ventures, Main Sequence Ventures, Grieg International Limited, Lake Holdings Rsc Limited, Oscar Time Limited, Perfect Abler Limited, Sino Elect Investments Limited
- Seed, Dec 18, 2019, $1.4M — Main Sequence Ventures, Grieg International Limited, Perfect Abler Limited

## Investors

- Main Sequence Ventures (https://capitalatlas.ai/funds/main-sequence-ventures) — Seed, Series A
- Grieg International Limited — Seed, Series A
- Perfect Abler Limited — Seed
- Horizons Ventures — Seed, Series A
- Vectr Ventures (https://capitalatlas.ai/funds/vectr-ventures) — Seed, Series A
- Lake Holdings Rsc Limited — Seed
- Oscar Time Limited — Seed
- Sino Elect Investments Limited — Seed
- Capital Property Corporation — Series A
- Hostplus — Series A
- K5 Global (https://capitalatlas.ai/funds/k5-global) — Series A
- Radar Ventures (https://capitalatlas.ai/funds/radar-ventures) — Series A
- Newbiz Investments Limited — Series A