Agronomics Ltd - Isle of Man-based venture capital firm which invests in cellular agriculture companies - Says portfolio company Solar Foods Oy has raised an additional €8 million in funding via Finnish investment organiser Springvest Oyj. In November it had already raised €8 million in a series B financing round. Agronomics Chair, Jim Mellon commented: ‘Solar Foods has shown impressive execution with the funds they have raised to date. It is one of the few companies in this field with a wholly owned and fully operational factory and regulatory approval which puts Solar Foods as one of the most advanced cell ag companies globally. We are very much looking forward to seeing product sales begin in Singapore and for regulatory approval in Europe.’
Current stock price: 8.40 pence, up 5.0%
12-month change: down 27%
Copyright 2024 Alliance News Ltd. All Rights Reserved.
