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IN BRIEF: Agronomics's Formo Bio raises USD50 million in funding round

13th Sep 2021 20:32

Agronomics Ltd - Isle of Man-based alternative proteins company - Says its portfolio company Formo Bio GmbH has raised a USD50 million Series A funding round led by EQT Ventures. Agronomics participated in the round, subscribing for 1,186 Series A preferred shares, with a EUR3.15 million investment. Agronomics now holds a total of 3,575 shares in Formo, representing an equity ownership of 5.9% on a fully diluted basis.

Current stock price: 24.00 pence

Year-to-date change: up 85%

By Arvind Bhunjun; [email protected]

Copyright 2021 Alliance News Limited. All Rights Reserved.


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