Clean Food Group, a UK based food tech startup is excited to announce its recent investment and strategic collaboration with the Latin American company Alianza Team, a specialist that possesses expertize in lipids, nutrition and frozen bakery.
Read: July 2023 Issue of Food Infotech Magazine.
This long-term collaboration agreement is set to advance Clean Food Group’s pathway to commercialization and will combine Clean Food Group’s expertize in the production of microbial oils with Alianza Team’s 75 years’ experience and expertize in developing functional, value-add oils and fats products for the world’s leading food manufacturers. Together, Clean Food Group and Alianza Team will develop, and bring to market, products which meet the industry’s need for sustainable, functional and cost competitive oils and fats to replace commonly used and agriculturally intensive food ingredients.
As part of the strategic collaboration, Alianza Team will be investing in the “Pre-series A” funding round of Clean Food Group. The funding round has received support from both new as well as existing investors and the deal is expected to close in August 2023. The capital raised from this funding will enable Clean Food Group further accelerate the scaling up of its technology platform, whilst advancing critical regulatory and commercial pathways. Clean Food Group expects to complete a Series A funding in 2024, by which time the business will have validated technology at a commercial scale and have clear line of sight to near term revenue generation. The business will raise funds at Series A to support the build out of a commercial scale manufacturing facility.
Clean Food Group’s technology platform is the result of eight years of pioneering research led by Professor Chris Chuck, Technical Lead at Clean Food Group. The proprietary technology platform uses proven, scalable yeast strains and fermentation technology and uses food waste as its food source, to deliver sustainable alternatives to traditional oil and fat ingredients.
Clean Food Group Co-founder and CEO Alex Neves stated – “We are delighted to be sharing the news of this investment and collaboration with Alianza Team today. The investment is further validation of Clean Food Group’s technology platform and is a key component in enabling the company to proceed to a successful close of our current funding round. The strategic collaboration with Alianza Team will drive forward our commercialization strategy and support our objective to bring sustainable oils and fats on to the market, at commercial scale, within the next three years.”
Luis Botero, President and CEO at Alianza Team stated – “Alianza Team is committed to creating a new future of healthy and sustainable food choices for our customers. We are excited to be investing in and collaborating with Clean Food Group, an organization where we believe our shared core values of innovation and sustainability will deliver healthier, more nutritional foods to improve our food systems for future generations.”
