Lab-made dairy is beginning to catch the eye of investors, reports Crain’s Chicago Business. The key is synthetic whey, which can be incorporated into a range of foods from yogurt to ice cream. Companies like Perfect Day, founded by Ryan Pandya, are creating dairy proteins like whey and casein without having to use any animal-made products.
With the help of investors like Archer Daniels Midland, Perfect Day has grown into a 60-employee operation with $60 million in funding. “When you’re creating something that already exists, there is already an established price point,” says Victoria de la Huerga, vice president of ADM Ventures. “The goal for companies that are leveraging new technology to make new food is you have to make it affordable.” Full Story
Related: Nestle, Australian Startup Partner to Improve Supply Chain; Chobani to Use Fair Trade Dairy.
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