NovoNutrients to Liquidate Assets After $18M Funding Round

Californian gas fermentation company NovoNutrients is selling its assets following a challenging investment climate, just a year after raising $18 million in a Series A round. This move highlights the ongoing struggles within the alternative protein sector, which has seen significant declines in venture capital interest.

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

Source: Green Queen