LONDON (ShareCast) - (Sharecast News) - Cellular agriculture-focussed investment company Agronomics has put $8m in the EVERY Company, formerly Clara Foods, for an equity stake of 1.39% on a fully diluted basis.
The AIM-traded firm said that equated to an estimated portfolio weighting, based on its last reported net asset value, of 5.7%.

Agronomics said it was investing as part of a minimum fundraise of $127.5m by EVERY.

The company described EVERY as a "leading precision fermentation company" with a focus on the commercialisation of proteins traditionally derived from animals.

EVERY was founded in 2014 by Arturo Elizondo, with a mission to accelerate the transition to animal-free and more sustainable proteins, and reduce factory farming practices.

"We are extremely pleased to become investors in EVERY, a leader in the cellular agriculture field, with its world class precision fermentation platform," said Agronomics non-executive director Jim Mellon.

"This investment broadens Agronomics' portfolio further into other major protein categories outside of meat and dairy.

"We are delighted to be working with Arturo to accelerate the commercialisation of animal-free egg proteins."

At 1159 GMT, shares in Agronomics were up 2.08% at 29.5p.

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