After signing a big food additive deal, cell-based protein company Geltor is looking for at least $50M

Geltor is one of a slew of companies developing technologies to culture proteins at scale as a way to supplement and ultimately replace animal-based proteins in manufacturing.

While other companies pursue meat replacements using cultured products, Geltor is focused on another aspect of the supply chain: the collagen and gelatin additives that are typically made from the waste materials left over from the meat industry.

Meanwhile, for Geltor, the deal further proves out the company’s thesis that protein manufacturing can be a big business outside of the meat market that attracted players like Memphis Meats, Future Meat Technologies and other companies developing cell culture replacements for traditional animal husbandry.

Full Article