NovoNutrients has just raised $18 million in Series A funding for their unique carbon capture technology.
The company is developing Novotein, a sustainable protein produced from CO2 emissions. With applications in pet food, aquaculture, and plant-based alternatives, Novotein offers a cost-effective and environmentally friendly protein solution.
This tech could address both global food security and large-scale decarbonization.
This round was led by Woodside Energy and CM Venture Capital. The funding includes $10.3 million in new capital in addition to $8 million in previously issued SAFEs.
