No Bull: Israel’s Remilk raises $11 million for animal-free dairy products
With products made through microbial fermentation, the company seeks to overcome the deficiencies of plant-based dairy substitutes
Hagar Ravet | 14:00 09.12.2020
Israeli animal-free dairy startup Remilk, incorporated as Re-Milk Ltd., announced Wednesday that it has completed an $11.3 million funding round. The series A round was led by fresh.fund with participation from CPT Capital, OurCrowd, ProVeg and food manufacturers Hochland, Tnuva, and Tempo, as well as co-founder and Former Managing Director of Berkshire Partners, Bradley Bloom; prominent Dutch investor, Sake Bosch; serial technology entrepreneur and investor, Amiad Solomon, food-tech investor Beni Nofech and others. Remilk developed a method of producing animal-free dairy products through microbial fermentation, which are indistinguishable from the animal-based originals and don’t compromise on the flavor, texture, and nutritional values of traditional dairy products, resulting in a product that is cleaner, healthier, and more environmentally friendly, requiring 1% of the land, 4% of the feedstock, and 10% of the water required to produce comparable products in traditional dairy systems.