NovoNutrients to Liquidate Assets After $18M Funding Round

NovoNutrients, a Californian gas fermentation company, is selling its assets following an $18 million Series A funding raised last year. The decision reflects the challenging investment climate in the alternative protein sector, prompting the firm to pursue an assignment for the benefit of creditors process.

Original excerpt: NovoNutrients enters its next chapter through an asset sale, after 7+ years transforming industrial CO₂ into protein…

Source: Green Queen