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Earth First Food Ventures Launches $10M Series A to Revolutionize the Dairy Industry Through Tokenization and Precision Fermentation

World 12.09.2024
Source: DairyNews.today
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Earth First Food Ventures (EFFV), a venture capital platform focused on alternative proteins and innovative food technologies, has announced the launch of a $10 million Series A funding round, utilizing tokenization to streamline investment opportunities. 
Earth First Food Ventures Launches $10M Series A to Revolutionize the Dairy Industry Through Tokenization and Precision Fermentation

The capital raised will help expand EFFV’s portfolio in the alt-dairy sector and fund a $50 million initiative, "The Future of Dairy from Precision Fermentation." Additionally, the investment will support team growth and drive the company's mission forward.

Listed on the Securitize platform, a leader in tokenizing real-world assets via blockchain, this funding round is designed to make investments in disruptive food technologies and alternative proteins more accessible. By tokenizing their assets, EFFV is democratizing venture capital, allowing accredited investors to purchase shares with a minimum investment of $100,000.

Brian Ruszczyk, co-founder and CEO of EFFV, highlighted the significance of this move: “The traditional dairy industry is facing a deficit of 20-30 million tons by 2030, representing a $60-90 billion opportunity. Our solution, ‘Dairy without the Cow,’ is designed to address this gap with innovative precision fermentation technologies.”

EFFV’s tokenized investment model provides accredited investors from both the U.S. and international markets the opportunity to diversify their portfolios by supporting sustainable food innovations. This approach, which reduces the typical entry barriers in venture capital, aligns with the company’s mission to democratize investment in the growing alternative protein sector.

The firm, based in Dublin, Ireland, has built a reputation for its Environmental, Social, and Governance (ESG) investments in plant-based, fermented, and cultivated proteins. EFFV’s partnerships with companies like Strive Nutrition and The EVERY Co. demonstrate its leadership in developing dairy alternatives through precision fermentation. According to Boston Consulting Group, the alternative protein market is expected to reach $290 billion by 2035, further driving the demand for sustainable, innovative food solutions.

Ruszczyk emphasized the importance of scaling infrastructure for precision fermentation: “Technologies for producing bio-identical bovine whey exist today, but achieving commercial viability requires manufacturing capacity. This is the mission of EFFV—to build the necessary infrastructure and bring these innovations to market.”

By leveraging tokenization, EFFV is paving the way for more inclusive investments in the future of dairy and alternative proteins.


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