Cultured milk producer completes funding round sponsored by Danone
A strategic investment round led by Danone has been closed by an Israeli developer of milk and milk components derived from cell-cultured human and animal milk.
Wilk Technologies Ltd. was established in 2020 and is the owner of patent applications and an accepted patent regarding laboratory production procedures that mimic human and other mammal milk-producing cells. The business launched a project last year that involved making yogurt with cell-cultured milk fat. Wilk is listed for public trading under the ticker symbol “WILK” on the Tel Aviv Stock Exchange.
Steakholder Foods and Central Bottling Co. Ltd., the company that controls Coca-Cola Israel, are two more investors. A cultured meat company called Steakholder Foods said that it will buy common shares of Wilk for $450,000, 15% less than the 45-day average closing price. This will give the company a 2.5% ownership position in Wilk. In addition to the investment, Rehovot-based Steakholder Foods hopes to find opportunities for collaboration with Wilk.
“We’re thrilled to share the news of our strategic partnership with Wilk,” Steakholder Foods CEO Arik Kaufman stated. “We see this collaboration as a strategic step in optimizing our investment and holding structure, as well as another step in expanding Steakholder Foods’ growing contribution to the food-tech ecosystem as part of our commitment to sustainable foods solutions.”
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Wilk’s CEO, Tomer Aizen, stated: “The ‘W’ stands for ‘we’ and represents how we can all work together to establish sustainable means of production that can guarantee the continued supply of milk and dairy-based products for future generations by collaborating with industry partners.”Having fun with this content? Visit the Food Entrepreneur website to find out about other innovative companies.