Monday, May 1, 2017

Calysta Gets $40M For Sustainable Feed Protein

Menlo Park-based Calysta, which is developing a sustainable protein used for fish, livestock, and pets, has raised $40M in a Series D funding, the company announced this morning. The funding was led by Mitsui & Co., Ltd and also included Temasek, Cargill, the Municipal Employee Retirement System (MERS) of Michigan, Walden Riverwood Ventures, Aqua-Spark and Pangaea Ventures. The company said that Hitoshi Kudo, General Manager, Animal Nutrition Dept., Nutriscience Division, Nutrition & Agriculture Business Unit from Mitsui joins the board, along with Suan Swee Tan, Managing Director, Investments Agribusiness and Biotech, from Temasek.