In this file:

 

·         Bill Gates Backs $33M Round for Chicago Startup Developing Lab-Grown Protein

… Other backers in Sustainable Bioproducts’ round include ADM Ventures, the venture arm of Archer Daniels Midland; Danone Manifesto Ventures, the venture arm of yogurt company Danone; Lauder Partners; and the Liebelson family office…

 

·         Do These Tiny Organisms Hold the Key to Lab-Grown Food?

A fund backed by Jeff Bezos and Bill Gates thinks microbes in Yellowstone Park can unlock the secrets to sustainable food.

 

 

Bill Gates Backs $33M Round for Chicago Startup Developing Lab-Grown Protein

 

By Jim Dallke, Chicago Inno

February 4, 2019

 

A Chicago startup developing a new way to grow edible protein has raised a large round of funding from top investors, including Bill Gates.

 

Sustainable Bioproducts, a Chicago biotech startup making a fermentation process to produce lab-grown protein, announced Monday that it has raised $33 million in Series A funding. The round was led by Silicon Valley venture firm 1955 Capital. Also backing the startup is Breakthrough Energy Ventures, a $1 billion fund led by Bill Gates that aims to invest in companies that are combating climate change. Breakthrough’s other investors include Jeff Bezos, Michael Bloomberg and Richard Branson.

 

Other backers in Sustainable Bioproducts’ round include ADM Ventures, the venture arm of Archer Daniels Midland; Danone Manifesto Ventures, the venture arm of yogurt company Danone; Lauder Partners; and the Liebelson family office.

 

Sustainable Bioproducts started as a research project from NASA, which aimed to discover what the environment on places like Jupiter and elsewhere in the galaxy would need to look like—physically and chemically—to look for life, Thomas Jonas, the startup’s CEO, said in an interview. The research took them to Yellowstone national park, where they studied microbes that could survive in very extreme environments.

 

Through that work, the startup discovered a fermentation process to efficiently grow edible protein from microscopic organisms that it hopes could one day be a replacement for animal-based meats.

 

The startup, which is based out of the University of Chicago’s Polsky Center for Entrepreneurship and Innovation, is still two years away from commercialization. But Jonas says the company’s final product can take the form of a solid, liquid or powder, and be savory or sweet...

 

more

https://www.americaninno.com/chicago/funding-chicago/bill-gates-backs-33m-round-for-chicago-startup-developing-lab-grown-protein/

 

 

Do These Tiny Organisms Hold the Key to Lab-Grown Food?

A fund backed by Jeff Bezos and Bill Gates thinks microbes in Yellowstone Park can unlock the secrets to sustainable food.

 

By Sarah McBride, Bloomberg 

February 3, 2019

 

Scientists have long been captivated by a group of microscopic organisms in Yellowstone National Park. The microbes thrive at extreme temperatures and can efficiently multiply with limited resources. The feat has inspired a company called Sustainable Bioproducts, which is replicating the process in a laboratory and eventually, it hopes, at a large scale.

 

On Monday, the Chicago-based startup said it raised $33 million to accelerate the research. Venture firm 1955 Capital led the round, which also included Breakthrough Energy Ventures, a climate-focused technology fund backed by a roster of billionaires including Amazon.com Inc.’s Jeff Bezos and Microsoft Corp.’s Bill Gates. Michael Bloomberg, the founder and majority owner of Bloomberg LP, is also an investor in the fund.

 

Sustainable Bioproducts said it feeds common components of food such as starches or glycerin to the already high-protein microbes, which then quickly multiply. The resulting protein, like meat or soy, contains the nine amino acids considered essential to the human diet. But the end product wouldn’t necessarily resemble meat. “It could be some things that are more meat-like,” said Thomas Jonas, the company’s chief executive officer. “It can be savory; it can be sweet; it can be liquid; it can be dairy-like.”

 

Lab-grown meat is seen as the golden goose for corporate food giants and sustainability-minded investors alike. It promises a more efficient, more humane and less environmentally detrimental way of feeding the world than raising livestock. General Mills Inc. and Tyson Foods Inc. have lined up alongside venture capitalists like Khosla Ventures to fund new companies developing synthetic or plant-based burgers. So far, the category has yet to break out beyond a niche of coastal vegans. In part, that’s because the products are expensive but also because many diners haven’t quite overcome their skepticism of lab-grown food.

 

Jonas and his co-founder, Mark Kozubal, never intended to be part of the fake meat craze. Jonas was leading a consumer-goods division at a product-packaging company, and Kozubal was studying geomicrobiology at Montana State University. Kozubal started the company in 2013 to focus on sustainable energy, and Jonas joined soon after. It didn’t take them long to discover the opportunity in food.

 

The curious organisms from Yellowstone are known as extremophiles...

 

more, including links

https://www.bloomberg.com/news/articles/2019-02-04/do-these-tiny-organisms-hold-the-key-to-lab-grown-food