Remilk secures $11m new funding led by fresh.fund

– ISRAEL, Tel Aviv –  Remilk, an Israel-based start-up producing identical dairy products through microbial fermentation, today announced the completion of an $11.3 million funding round led by fresh.fund with participation from OurCrowd, CPT Capital, ProVeg, and food manufacturers Hochland, Tnuva, and Tempo, as well as Co-founder & Former Managing Director of Berkshire Partners, Bradley Bloom; prominent investor, Sake Bosch; serial technology entrepreneur and investor, Amiad Solomon; food-tech investor Beni Nofech and others.

With this new capital, the company plans to rapidly expand its production and distribution capabilities, and meet global demand, for its revolutionary animal-free dairy products.

“Today’s non-dairy alternatives address environmental and health concerns, but universally fail to create authentic dairy-based products, like cheese. We’re bridging this gap by making dairy products with dairy proteins, without needing a single cow,” said Co-Founder & CEO, Aviv Wolff. “Our proprietary technology delivers the most authentic animal-free dairy product in the market today and is identical to natural dairy. With our new partnerships for production and distribution, we’ll soon be ready to reinvent this multibillion-dollar industry.”

Remilk’s first-of-its-kind, lab-made dairy product is indistinguishable from natural dairy and is essential for developing the authentic taste and texture of dairy derivatives like cheese, yogurt, and cream, without cows. The company uses a unique, patented process to replicate the properties of dairy proteins. This process recreates these proteins in the most effective way, and even optimizes functionalities compared to their animal-derived equivalent.

Remilk’s commercial manufacturing and distribution partners use its functional animal-free dairy as a starting material for large-scale dairy production.

“Relying on animals to make our food is no longer sustainable. This model of food production has all but reached its limits in terms of scale, reach and efficiency and the implications are devastating for our planet. Remilk is revolutionizing the way we produce food around the world, and importantly, is creating a lasting and environmentally-friendly food system that takes no more than what our planet can give,” added Wolff.

Remilk products are cholesterol-free and contain no lactose, antibiotics, or growth hormones. Importantly, Remilk is far more sustainable and eco-friendlier than traditional dairy systems, requiring 1% of the land, 4% of the feedstock, and 10% of the water to produce than comparable dairy products.

fresh.fund Managing Partner said: “Protein alternatives to meat and dairy are gaining global traction with both consumers and producers taking notice of the environmental, health-related and efficiency benefits they present. We see significant market potential for Remilk’s unique technologies across categories.”

About Remilk

Remilk is a global leader in the development of animal-free dairy. The company produces identical dairy proteins through microbial fermentation, and has developed a unique and patented approach to lab-based dairy manufacturing which dramatically increases production efficiency, and, for the first time in history, allows to cost-efficiently replace dairy cows in industrial-scale dairy protein production, without compromising on taste, functionality, or nutritional values.

For more information: https://www.remilk.com/

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