Animal-Free Lactoferrin Maker TurtleTree Shrinks Staff Amid Fundraising Woes

Singapore-based TurtleTree has laid off nearly all its employees as it seeks to raise $15 million in a pre-Series B round. The company, which has raised approximately $40 million since its inception in 2019, is facing significant fundraising challenges amid a cautious investment climate. This situation highlights broader difficulties in the agrifood innovation sector.

Original excerpt: The startup, which has attracted around $40M from investors since being established in 2019, was reportedly looking to raise another $15M…

Source: Green Queen