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IN BRIEF: Agronomics portfolio firm New Age Meats closes funding round

28th Sep 2021 17:56

Agronomics Ltd - Isle of Man-based alternative proteins company - Notes that portfolio firm New Age Meats has closed a USD25 million Series A funding round, led by South Korean investor Hanwha Solutions Corp.

Proceeds from the funding will go towards doubling the size of its workforce, building a new food pilot manufacturing facility in Alameda, California, and completing its first product offering, a variety of sausage products.

Current stock price: 27.30 pence

Year-to-date change: up sharply from 12.00p

By Dayo Laniyan; [email protected]

Copyright 2021 Alliance News Limited. All Rights Reserved.


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Agronomics
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