top of page
ScaleUp Bio secures license from SFA for commercial pilot production facility in Singapore
Precision fermentation

ScaleUp Bio secures license from SFA for commercial pilot production facility in Singapore

Singapore Food Agency proposes revision of novel food approvals
Business

Singapore Food Agency proposes revision of novel food approvals

TurtleTree secures commercial partnership for precision-fermented lactoferrin
Dairy

TurtleTree secures commercial partnership for precision-fermented lactoferrin

Vow launches quail parfait, becomes third company to bring cell-based product to market
Meat

Vow launches quail parfait, becomes third company to bring cell-based product to market

Related posts

Biotech firm TurtleTree Labs has raised $3.2 million in a seed financing round, to accelerate the development of its cell-based milk operation.


The Singapore-based company has developed a proprietary technology that uses mammalian cells to produce milk, with no animal needed. The firm’s focus is on human breast milk followed by cow milk.


According to co-founder Max Rye, the capital raised in TurtleTree Labs’ latest financing round will be used to benefit its ‘scale up development’, bringing the company one step closer to commercialisation.


Investors included Green Monday Ventures, CPT Capital, Artesian, New Luna Ventures, and KBW Ventures, an asset management company which also participated in TurtleTree Labs’ pre-seed round.


Government agency Enterprise Singapore has also reportedly lent its support to the company in recent months.


“If the rapidly deteriorating climate change situation isn’t enough to convince the world, the pandemic surely hammers home the urgency that we need to overhaul the food system for the sake of public health, food safety, and food security,” said Green Monday Group founder, David Yeung.


“That explains why Green Monday Ventures is so excited to invest in and collaborate with TurtleTree Labs. We see immense possibilities in their biotech innovation platform, as well as enormous impact we can drive together.”

Prince Khaled bin Alwaleed bin Talal Al Saud, founder and CEO of KBW Ventures, added: “We see the founding team’s commitment and the potential of this company and its technology as a winning combination.


“Now more than ever, people are waking up to the benefits of food technology and the massive positive implications of innovations in cellular agriculture.”


#TurtleTreeLabs #Singapore

TurtleTree Labs secures $3.2m in seed funding

Antonia Garrett Peel

15 October 2020

TurtleTree Labs secures $3.2m in seed funding

bottom of page