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07 DECEMBER 2021
Grosvenor’s Wheatsheaf Group (now known as Grosvenor Food & AgTech) was part of a $175 million in Series C financing in San Francisco based The EVERY Company, the leading precision fermentation platform accelerating a global transition to animal-free protein.
The EVERY Company’s (formerly Clara Foods) Series C round was heavily oversubscribed due to strong investor appetite to fill the growing supply gap for the ingredient solutions needed to deliver animal-free protein.
Katrin Burt, Managing Partner, Wheatsheaf Group, said: “The global demand for alternative proteins has grown massively, but the infrastructure needed to create the necessary ingredients has yet to catch up. EVERY’s platform fills that gap.”
The Series C round brings EVERY’s total funding to $233 million. EVERY™ will use the capital to scale production, commercialize a robust pipeline of animal-free protein products, and expand into a broad array of new food applications. EVERY™ will also continue to expand its protein production platform by mining the egg proteome for novel, hyper-functional proteins.
Arturo Elizondo, CEO & founder, The EVERY Company, added: “There has never been a better time to be a B2B ingredients platform. As the world’s biggest food companies work to evolve their product offerings into the 21st century by driving for cleaner, kinder, and more sustainable labels, the options available are few and far between.
“We at EVERY™ are perfectly positioned to enable the world’s largest and smallest food companies to transition to an animal-free future – without compromises. Now, our major objective is to scale the platform to make good on our promise to bring our proteins to everyone, everywhere. This new injection of capital will allow us to do just that.”
EVERY™ has pioneered a disruptive advance in food technology by developing a platform that produces real animal proteins without the use of a single animal. Last year, it launched the world’s first animal-free pepsin with Fortune 500 ingredients company, Ingredion. Most recently, it launched the world’s first animal-free egg protein. In November, EVERY™ made its retail debut by announcing a limited time partnership with leading national cold-pressed juice brand Pressed to serve the world’s first nature-equivalent animal-free protein smoothie directly to consumers for the first time.
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