With this new capital, the company plans to rapidly expand its production and distribution capabilities, and meet global demand, for its animal-free dairy products.
The latest funding was led by fresh.fund with participation from OurCrowd, CPT Capital, ProVeg and dairy company Hochland, Tnuva and Tempo, as well as co-founder and former managing director of Berkshire Partners, Bradley Bloom; investor, Sake Bosch; technology entrepreneur and investor, Amiad Solomon; food-tech investor Beni Nofech and others.
“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 Aviv Wolff, co-founder & CEO at Remilk.
“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 the dairy proteins. This process recreates these proteins, 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. The company said it is far more sustainable and eco-friendly than traditional dairy systems, requires 1% of the land, 4% of the feedstock and 10% of the water to produce than comparable dairy products.
The company said traditional dairy requires more than 1,000 liters of water to produce only one liter of milk, and animal agriculture causes approximately 14.5-18% of greenhouse gas emissions – more than the entire global automotive industry.
Traditional dairy company Hochland, which participated in the funding, said, "In fermented proteins we see an interesting opportunity to develop innovative and sustainable products. Remilk is the ideal partner for Hochland to jointly develop this new raw material base."