IN BRIEF: Agronomics investee Meatable closes USD47 million financing

Agronomics Ltd - alternative proteins company - Says portfolio company Meatable BV has closed a ...

Alliance News 23 March, 2021 | 3:53PM
Email Form Facebook Twitter LinkedIn RSS

Agronomics Ltd - alternative proteins company - Says portfolio company Meatable BV has closed a USD47 million series A funding round, with participation from new investors Section 32, Jeffrey Leiden and strategic investor DSM, as well as support from existing investors, BlueYard Capital, Humboldt and Taavet Hinrikus in addition to Agronomics. The company says it invested EUR2 million in this series A round, for 1,197 preferred shares. Agronomics holds 4,752 preferred shares in Meatable, representing 5.7% stake.

Current stock price: 29.01 pence, up 11% on Tuesday

Year-to-date change: more than doubled from 12p on December 31

By Evelina Grecenko; evelinagrecenko@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

Email Form Facebook Twitter LinkedIn RSS

Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
Agronomics Ltd 3.89 GBX -2.75 -

About Author

Alliance News

Alliance News provides Morningstar with continuously updating coverage of news affecting listed companies.

© Copyright 2024 Morningstar, Inc. All rights reserved.

Terms of Use        Privacy Policy        Modern Slavery Statement        Cookie Settings        Disclosures