Ag Tech Investments News
Cult Food Science's Role in Connecting And Securing Investment For Start-Ups
CULT Food Science Corp. an innovative investment platform with an exclusive focus on cellular agriculture that is advancing the development of novel technologies to provide a sustainable, environmental, and ethical solution to the global factory farming and aquaculture crises, is pleased to announce that its affiliate, Vevolution, recently played a critical role in Impact Food’s (“Impact Food”) closing of its $500,000 strategic round of financing (the “Round”). A portion of the Round was made possible through the use of Vevolution’s Investment Marketplace, which is explained in Impact Food’s news release issued on August 3, 2022.
Impact Food’s round was listed on Vevolution in March 2022 and it only took a few months to close the Round, which included an investment from Ahimsa Foundation for $150,000.
Other investors include Future Food Fund, Serpentine Ventures, George Sorbek, and Pierre Jouve.
Vevolution is meant to be used as an ally for vegan businesses and to connect investors and start-up companies that are aligned in their views and goals, in order to fund promising companies that are looking to disrupt animal agriculture and create a more sustainable future. Impact Food is now another addition to Vevolution’s fundraising success stories.
Vevolution, at its core, is a media production company and investment platform. The importance of Vevolution’s role in the connection of Impact Food with its investors is at the crux of why CULT invested in the portfolio company, to begin with. The cellular agriculture sector strives to create sustainable solutions for the world’s food system but connecting the businesses, individuals, investors, and leaders with a common initiative to improve and substantiate cell-based agriculture is equally as important. The announcement of Impact Food and its recent closed round is confirmation that Vevolution’s role in cellular agriculture is vital.
Management Commentary
"We are very pleased that Vevolution is able to work with both cellular agriculture start-ups and other alternative protein companies like Impact Food and provide them with a platform to connect with investors,” said Lejjy Gafour, CEO of the Company. “CULT believes whole-heartedly in what Vevolution is doing and that is why we invested in it earlier this year. Impact Food’s experience is just confirmation that Vevolution is succeeding in its goal, and we are glad we are able to support other alternative protein endeavors,” added Mr. Gafour.
Source: https://www.cultfoodscience.com/
