Motif Ingredients, a US food ingredients company, has launched with $90m (£67.7m) in Series A financing to provide next-generation alternative proteins and other ingredients to global food companies.
A spin-off from biotech engineering platform Ginkgo Bioworks, Motif will identify ingredients, including vitamins and proteins found in foods like milk or meat, and produce them with engineered yeasts and bacteria in a fermentation process similar to making beer.
Motif investors include Breakthrough Energy Ventures, Louis Dreyfus Company, Fonterra, and Viking Global Investors.
Jonathan McIntyre, formerly Head of R&D at Indigo Agriculture and former SVP of R&D at PepsiCo, will lead Motif as chief executive.
McIntyre said: “Sustainability and accessible nutrition are among the biggest challenges facing the food industry today. Consumers are demanding mindful food options, but there’s a reigning myth that healthy and plant-based foods must come at a higher price, or cannot taste or function like the animal-based foods they aim to replicate.
“Biotechnology and fermentation is our answer, and Motif will be key to propelling the next food revolution with affordable, sustainable and accessible ingredients that meet the standards of chefs, food developers, and visionary brands.”