ImpactAlpha, September 13 — Animal byproducts used in pet food are less carbon-intensive than other types of meat, but they are still derived from traditional farming practices and are responsible for nearly 3% percent of agriculture emissions.
Boulder, Colo.-based Bond Pet Foods launched in 2017 to create lab-grown meats for pet food. The company uses animal cell samples and precision fermentation to cultivate chicken, beef, fish and other animal proteins for pet food.
Bond raised $17.5 million in Series A funding to expand its product portfolio and scale up production at a 15,000-square-foot facility in Boulder.
“More and more, consumers demand their pets eat the same sustainable, responsibly-produced food that they themselves eat,” said Jorge Martinez of ADM Ventures, the investing arm of Archer Daniels Midland, which backed Bond’s round.
Other investors include Wilbur Ellis, Thia Ventures, iSelect Fund, music icons Sia Isabelle Furler and Joan Jett, and others.
Bond has raised $20 million to date.