CrushDynamics raises $3.6M in Seed 2 funding
By Food in Canada staffBusiness Operations Ingredients & Additives Crush Dynamics Editor pick
Crush Dynamics raises $3.6 million in Seed 2 financing from a host of new investors including Western Universities Technology Innovation Fund (WUTIF), Women’s Equity Lab (WEL), Lumia Capital, and the AgFood Opportunities Fund based in Melbourne, Australia, joined by existing investor Turnham Green Capital.
Through a proprietary fermentation technology, CrushDynamics produces food ingredients rich in polyphenolic substances including flavonoids, such as quercetin, and non-flavonoids.
“This is a critical milestone for our company. We have validated our patent-pending biomechanical process and are shifting our focus to scale up,” said Kirk Moir, CEO of CrushDynamics.
The injection of capital will aid CrushDynamics in hiring additional scientists, expanding the business development team, and extending its intellectual property investments. Additionally, scaling up will help accelerate the company’s ability to support more plant-based food producers in meeting the global demand for sustainable food solutions that are better for people, and better for the planet.
Print this page