Liberation Labs Secures $50.5m to Boost Precision Fermentation Capabilities
Deal News | Jan 30, 2025 | Ag News
In a significant week for the AgriFoodTech sector, Liberation Labs raised $50.5 million through a convertible note to complete a new plant that will bolster its precision fermentation operations. Concurrently, Bonsai Robotics, another key player in the industry, secured $15 million in Series A funding to enhance its agricultural AI solutions. German startup OCELL attracted $10.4 million to further its climate data technology. Additionally, Israeli biotech firm Pluri invested $6.5 million to acquire a 71% stake in Kokomodo, a producer of lab-grown cocoa, marking a strategic move towards alternative cocoa products.
Sectors
- AgriFoodTech
- Biotechnology
- Climate Technology
Geography
- United States – Location of Liberation Labs and Bonsai Robotics, American companies driving forward innovation in agriculture technology.
- Germany – Country of OCELL, the climate data startup which secured significant funding.
- Israel – Home to biotech firm Pluri, which is expanding its portfolio with an investment in lab-grown cocoa.
Industry
- AgriFoodTech – This sector encompasses the integration of technology in agriculture and food production, exemplified by Liberation Labs' precision fermentation, Bonsai Robotics' AI solutions, and Pluri's investment in lab-grown cocoa.
- Biotechnology – Relevant to Liberation Labs and Pluri, both working on innovative biotech solutions in food production, including precision fermentation and lab-grown products.
- Climate Technology – Pertinent to OCELL, a startup focusing on climate data solutions which are critical for sustainable agriculture.
Financials
- $50.5 million – Amount raised by Liberation Labs in a convertible note to finish its new plant.
- $15 million – Series A funding secured by Bonsai Robotics for agricultural AI development.
- $10.4 million – Funding acquired by German startup OCELL to advance its climate data startup.
- $6.5 million – Investment by Pluri to acquire 71% of alt-cocoa producer Kokomodo.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Liberation Labs | Company | Target Company | A biotech company specializing in precision fermentation, it recently raised significant funds to expand its plant operations. |
| Bonsai Robotics | Company | Other Company | American agricultural technology company focusing on AI solutions for the farming industry. |
| OCELL | Company | Other Company | A German startup that develops climate data solutions to support sustainable agricultural practices. |
| Pluri | Company | Bidding Company | Israeli biotech firm investing in alternative cocoa production with an acquisition of a major stake in Kokomodo. |
| Kokomodo | Company | Target Company | An alt-cocoa producer involved in lab-grown cocoa products. |