Next-gen Agri-Food tech business Arborea raises €3.6m seed round led by BGF
Arborea – which is industrialising photosynthesis to expand the world’s food supply – has completed a funding round led by investor BGF,alongside Rubio Impact Ventures and Volta Circle.
Arborea is a technology business that has developed a breakthrough cultivation platform for photosynthetic microorganisms for use as food ingredients and proteins. It was founded by CEO Julian Melchiorri in 2015 following his research at Imperial College London.
Global food security is an increasingly important problem driven by population growth and climate change, exacerbated by slowing crop yield improvements and dwindling availability of new agricultural land. Traditional agricultural practices will not be sufficient to adequately feed the global population by mid-century and so the need for new, land, water and energy efficient agricultural technologies is becoming increasingly urgent.
Photosynthetic microorganisms are grown using Arborea’s Biosolar Leaf (BSL) technology, which provides a more productive and cost-effective method for industrial-scale cultivation than existing systems. The technology works by mimicking the mechanisms of a leaf to efficiently maintain the optimal growth conditions with minimal energy input. Furthermore, it is uniquely placed to separate CO2 from most exhaust gasses at atmospheric pressure and at low concentrations.
The €3.6m funding round will support the business to scale its BSL technology at a demo facility in Portugal, which will be used to demonstrate the company’s ability to cultivate commercial-grade high-value functional ingredients and proteins used in food and beverage (F&B) and nutraceutical applications.
Julian Melchiorri, CEO of Arborea, said: “We believe that photosynthetic microorganisms will be a key choice for the production of food ingredients and proteins due to their high productivity, versatility and low environmental impact. Arborea has developed a technology that re-invents how these microorganisms are grown, solving the critical bottlenecks of legacy technologies to finally unlock the untapped value of this vast and highly diverse microbiological pool for the good of our society and planet. As a result of this funding, after developing the technology over the last 6 years and testing it at our pilot site in London, the team are now ready to progress to a much larger operational demo facility, which will be used to scale the technology and support the conversion of commercial interest from tier 1 F&B players.”
Rowan Bird, investor at BGF, said: “Given the attention on the alternative proteins sector Arborea stands out due to an attractive combination of the early validation of its technology, the encouraging status of discussions with potential partners and customers, and the potential for the business to scale. Arborea represents an exciting opportunity for BGF to invest in an exciting new technology platform that will help address one of the world’s most important systemic issues (food security) while also massively reducing the impact on the environment of our protein supply chain.”