# NovoNutrients

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/novonutrients

- Industry: Environmental Services
- Headquarters: Sunnyvale, US
- Website: www.novonutrients.com
- Total disclosed funding: $27M
- Latest round: Series A (Jul 8, 2024)
- Investors on record: 14

## About

NovoNutrients is a US-based company that transforms emissions gases into sustainable protein ingredients for food and feed, addressing climate change and food security challenges through innovative fermentation technologies.NovoNutrients, founded in 2017 and headquartered in Sunnyvale, US, develops fermentation platforms that convert gases into single-cell protein products. The company has successfully raised USD 17.285 mn in its Series A funding round, attracting investors such as Audacy Ventures and SOSV. Founders Brian Sefton and Russell Howard have a background in pioneering sustainable technologies.NovoNutrients specializes in developing innovative fermentation platforms that utilize proprietary microbes to convert emissions gases, hydrogen, and oxygen into high-quality single-cell protein ingredients for food and feed applications. Their core offerings include a protein product that contains 73% protein with all essential amino acids, suitable for both human consumption and animal feed. Trials conducted in the U.S. and Japan indicate that these products have high digestibility and palatability scores, positioning them as viable alternatives in the market. NovoNutrients targets global markets where protein demand is rising, including regions like North America, Europe, and Asia, focusing on collaboration with large producers of emissions gases and companies involved in hydrogen production and carbon capture.NovoNutrients generates revenue through partnerships and direct sales of its protein products to manufacturers within the food and feed industries. The company’s transaction structure leans towards B2B relationships, collaborating with large-scale producers of emissions gases and securing long-term contracts for the delivery of protein products. The flagship protein ingredients are distinctively positioned in the market due to their high quality, rivaling traditional beef protein and surpassing many plant-based alternatives. As a result, NovoNutrients is poised to tap into the growing market demand for alternative proteins and sustainable food solutions.NovoNutrients is strategizing future growth by designing new protein products aimed at addressing rising global protein demand. The company plans to expand into markets throughout North America, Europe, and Asia by 2025. Recent funding from their Series A round will support these initiatives, allowing for enhanced product development and market penetration.

## Funding rounds

- Series A, Jul 8, 2024, $17M — Woodside Energy (USA) Inc., CM Venture Capital, IndieBio, Audacy Ventures, Decarbonization Consortium, Happiness Capital, Neglected Climate Opportunities
- Seed, Jul 14, 2021, $3M — SOSV, Purple Orange Ventures, Happiness Capital, Joyance Partners, Marinya Capital, e squared, Stanford GSB Impact Fund, Neglected Climate Opportunities
- Seed, May 1, 2021 — e squared
- Seed, Feb 12, 2021, $6.3M — SOSV, IndieBio
- Seed, Apr 10, 2019 — SOSV, IndieBio, Purple Orange Ventures
- Seed, Nov 12, 2018 — Social Starts
- Seed, Jul 7, 2018 — SOSV

## Investors

- SOSV (https://capitalatlas.ai/funds/sosv) — Seed
- Social Starts (https://capitalatlas.ai/funds/social-starts) — Seed
- IndieBio (https://capitalatlas.ai/funds/indiebio) — Seed, Series A
- Purple Orange Ventures (https://capitalatlas.ai/funds/purple-orange-ventures) — Seed
- e squared (https://capitalatlas.ai/funds/e-squared) — Seed
- Happiness Capital (https://capitalatlas.ai/funds/happiness-capital) — Seed, Series A
- Joyance Partners (https://capitalatlas.ai/funds/joyance-partners) — Seed
- Marinya Capital — Seed
- Stanford GSB Impact Fund (https://capitalatlas.ai/funds/stanford-gsb-impact-fund) — Seed
- Neglected Climate Opportunities (https://capitalatlas.ai/funds/neglected-climate-opportunities) — Seed, Series A
- Woodside Energy (USA) Inc. — Series A
- CM Venture Capital (https://capitalatlas.ai/funds/cm-venture-capital) — Series A
- Audacy Ventures (https://capitalatlas.ai/funds/audacy-ventures) — Series A
- Decarbonization Consortium — Series A