Unibio International secures a $70 million investment from the Saudi Industrial Investment Group to expand its microbial fermentation technology for alternative protein production, targeting the $450 billion animal feed market.
Target Information
Unibio International has unveiled a strategic partnership with the Saudi Industrial Investment Group (SIIG), which has committed $70 million to advance Unibio's innovative microbial fermentation technology. This investment aims to address the rising global demand for high-quality alternative protein, with an initial focus on the $450 billion animal feed market. Unibio's proprietary "U-Loop" technology ingeniously replicates a natural process at an industrial scale, utilizing methane to yield Uniprotein, a nutritious and premium animal feed product.
David Henstrom, the CEO of Unibio, expressed enthusiasm about the partnership, stating, "We are delighted to welcome SIIG as a significant investor in Unibio." He emphasized the crucial role this investment will play in enhancing food security and expediting sustainable feeding solutions for the growing global population.
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Industry Overview
The alternative protein industry is rapidly evolving as consumers and policymakers increasingly prioritize sustainability. The global protein supply chain faces challenges, including environmental concerns and food security, dr
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Saudi Industrial Investment Group
invested in
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in 2023
in a Series A deal
Disclosed details
Transaction Size: $70M