An ambitious plan to transform the way ingredients are created by using fermentation has raised $10.5 million in seed funding, a new record for a female-founded startup.

Cauldron, based in regional NSW, will use the funds to expand its existing pilot plant in Orange, 260km west of Sydney, as well as building a national production network and team.

While the notion of fermentation is nothing new Founder Michele Stansfield says they are at the cutting edge of “precision fermentation” – industrial-scale fermentation. 

Precision fermentation is designed to develop new ingredients such as proteins, fats and fibres, which can then be used to create animal-free “milk”, plant-based “meats” and biodegradable plastic alternatives.

https://www.startupdaily.net/topic/funding/female-founded-fermentation-startup-cauldron-lands-10-5-million-to-transform-how-new-foods-and-fibres-are-developed/