What is Equinom?
Founded in 2012 and headquartered in Givat Brenner, Israel, Equinom operates at the intersection of food, technology, and agriculture. The company focuses on breeding new non-GMO varieties of primary source crops like pea and soy, specifically optimizing them for food production. This optimization, powered by Equinom's proprietary Manna technology platform, utilizes advanced algorithms to characterize biochemical and genomic traits in seeds. The platform enables the development of ingredients with desirable food production characteristics, such as mild taste, light color, and high protein, all without genetic modification. This approach results in minimally processed plant proteins that allow food companies to create more affordable, tastier, and sustainable alternatives to meat and dairy products, addressing growing consumer demand for healthier and environmentally conscious options.
How much funding has Equinom raised?
Equinom has raised a total of $73M across 5 funding rounds:
Series A
$4M
Other Financing Round
$4M
Series B
$10M
Series C
$20M
Other Financing Round
$35M
Series A (2017): $4M with participation from Fortissimo Capital
Other Financing Round (2018): $4M led by Fortissimo Capital
Series B (2020): $10M supported by Fortissimo Capital, BASF Venture Capital, Roquette, and Trendlines Group
Series C (2021): $20M featuring Phoenix Group, Fortissimo, Maverick, Trendlines, and BASF Venture Capital
Other Financing Round (2022): $35M backed by Praesidium and Synthesis Capital
Key Investors in Equinom
Fortissimo Capital
Fortissimo Capital is a leading private equity fund in Israel that primarily invests in technology and industrial companies, known for its proactive approach to achieving sustainable growth.
BASF Venture Capital
BASF Venture Capital is a venture capital firm that invests in innovative companies, likely focusing on those that align with BASF's broader chemical and material science expertise.
Trendlines Group
Trendlines Group is an investment company that incubates and invests in innovation-based agrifood technologies, aiming to improve the human condition through hands-on support in technology development and business building.
What's next for Equinom?
With its recent major strategic investment, Equinom is poised for significant expansion and further innovation in the plant-based food sector. The company's focus on proprietary technology and optimized crop development positions it to capitalize on the increasing global demand for sustainable protein sources. Future growth is likely to involve scaling production capabilities, forging new partnerships with food manufacturers, and continuing research and development to enhance its Manna technology platform. This strategic financing will enable Equinom to solidify its market position and drive the next wave of innovation in alternative food ingredients, aiming to make plant-based options more accessible and appealing to a broader consumer base.
See full Equinom company page
