- Cauldron, an Australian startup, raises $6.25 million in Series A funding led by Horizons Ventures.
- The funding aims to scale Cauldron’s continuous fermentation technology for streamlined production of high-value ingredients.
- Additional support comes from investors like SOSV, In-Q-Tel (IQT), and Main Sequence, bringing Cauldron’s total funding to $17 million.
- The investment will help Cauldron finalise plans for a 500,000-litre facility and build a network of smaller precision fermentation facilities.
Cauldron, an innovative Australian startup, has recently secured a substantial investment of $6.25 million in a Series A funding round spearheaded by Horizons Ventures.
This infusion of capital is aimed at bolstering Cauldron’s cutting-edge manufacturing platform, which facilitates the streamlined production of high-value ingredients through precision fermentation in a seamless, continuous process.
This significant funding round received additional support from prominent investors such as SOSV, In-Q-Tel (IQT), and Main Sequence, further solidifying Cauldron’s position in the market.
With this latest investment, Cauldron’s total funding now stands at an impressive $17 million, marking a significant milestone in the company’s growth trajectory
It will enable Cauldron to finalise partners and plans for a 500,000-litre facility with a longer-term plan to build a network of “smaller, smarter” precision fermentation facilities as a CDMO (contract development and manufacturing organisation).
Cauldron—which operates 25,000-litres of fermentation capacity at its site in Orange, New South Wales—has proven its continuous fermentation tech “at an industrially relevant scale, unlocking a significant decrease—between 30-50%—in the cost of goods for our customers vs traditional batch fermentation,” claimed Cauldron co founder and CEO Michele Stansfield.
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“From biofuels and agriculture to cosmetics and chemicals, the opportunities are immense,” he added.
