NovoNutrients is a biotechnology company specializing in transforming industrial carbon dioxide emissions into alternative protein ingredients for human and animal consumption. Founded in 2017 by Bahare Howard, Brian Sefton, and one other co-founder, the company is driven by its innovative gas fermentation technology that utilizes naturally occurring microbes. NovoNutrients is headquartered in Sunnyvale, California, and has successfully attracted significant investment, most recently raising $18 million in a Series A funding round led by Woodside Energy. The company aims to revolutionize how proteins are produced, providing sustainable and cost-effective solutions in the food and feed industries.
| Attribute | Information |
|---|---|
| Founding Date | 2017 |
| Headquarters | Sunnyvale, California, USA |
| Founders | Bahare Howard, Brian Sefton, and one more |
| Revenue | Not publicly disclosed |
| Profits | Not publicly disclosed |
| Key Investors | Woodside Energy, CM Venture Capital, Happiness Capital |
| Industry | Biotechnology, Food & Feed Ingredients |
| Number of Employees | Not publicly disclosed |
NovoNutrients was founded in 2017, originally focused on addressing the world's growing need for sustainable protein sources amid rising carbon emissions. The company initially operated under the name Oakbio, leveraging extensive research into fermentation technologies developed for biofuels. As the company evolved, it concentrated on reprogramming microbes to efficiently convert carbon dioxide and hydrogen into high-quality proteins. This innovation set the stage for its strategic approach to supporting global food security and decarbonization by tapping into industrial waste streams to source raw materials.
NovoNutrients operates at the intersection of biotechnology and sustainable food production, utilizing its proprietary gas fermentation platform to produce proteins efficiently and environmentally friendly. The company's business model revolves around licensing its technology to partners, enabling a capital-light expansion that reduces the need for NovoNutrients to build and operate manufacturing facilities directly. Significant milestones include:
NovoNutrients is an emerging leader in the alternative protein market, leveraging its innovative carbon capture and utilization technology to create sustainable solutions. The company holds a strategic advantage in its ability to produce proteins using carbon dioxide, offering a competitive edge over traditional agricultural protein sources. Its operations focus on fermentation technology, aiming to capture larger market shares in both aquaculture feed and human nutrition sectors. The company's asset-light strategy allows it to partner widely, expanding its market presence without significant capital investment, aligning itself with global trends towards sustainability and reduced carbon footprints.
NovoNutrients represents a pioneering force in carbon capture and sustainable protein production. By converting waste CO2 into valuable proteins using advanced fermentation processes, the company not only addresses environmental concerns but also contributes to global food security. With ongoing technological developments and robust partnerships, NovoNutrients is positioned to play a crucial role in the future of food innovation. As it continues to expand its product offerings and scale its operations, the company is poised to make a substantial impact in transforming traditional protein production landscapes.