Israeli ‘cow free’ startup secures funds to produce dairy products

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An Israeli startup company that produces dairy products without needing any cows has secured multi-million dollar funding to follow its goals. Remilk has been backed by investors to the tune of $11.3 million to set its wheels in motion. Those investors include local food makers Tnuva, Tempo and Germany’s dairy manufacturer Hochland.

The company uses a patented microbial fermentation process to create milk proteins that it then turns into a dried powder which can be used as the basis of a wide variety of authentic milk-based products.

[Image source: remilk.com]

[Image source: remilk.com]

According to the company, the capital raised will enable it to “rapidly expand its production and distribution capabilities, and meet global demand” for its animal-free dairy products.

Helping to secure the funding was fresh.fund, a student-run venture fund, with participation from London-based CPT Capital; Jerusalem’s OurCrowd;  ProVeg, a food awareness non-profit; German dairy firm Hochland; Israel’s Tnuva, a milk and dairy company;  and Tempo, an Israeli maker of drinks.

According to a company statement, the co-founder and former managing director of Boston-based private equity firm Berkshire Partners, Bradley Bloom, also took part in the funding round, along with Amiad Solomon, a serial Israeli entrepreneur and investor, and food-tech investor Beni Nofech.

Aviv Wolff, co-founder and CEO at Remilk

Aviv Wolff, co-founder and CEO at Remilk

Aviv Wolff, co-founder and CEO at Remilk, said: “Today’s non-dairy alternatives address environmental and health concerns, but universally fail to create authentic dairy-based products, like cheese. We’re bridging this gap by making dairy products with dairy proteins, without needing a single cow.” adding “Our proprietary technology delivers the most authentic animal-free dairy product in the market today and is identical to natural dairy. With our new partnerships for production and distribution, we’ll soon be ready to reinvent this multibillion-dollar industry.”

Remilk products are cholesterol-free and contain no lactose, antibiotics, or growth hormones.

The statement added that the company’s products are also ‘far more sustainable and eco-friendlier than traditional dairy systems, requiring 1% of the land, 4% of the feedstock, and 10% of the water to produce than comparable dairy products.’

Zaki Djemal, fresh.fund managing partner, said: “Protein alternatives to meat and dairy are gaining global traction with both consumers and producers taking notice of the environmental, health-related and efficiency benefits they present. We see significant market potential for Remilk’s unique technologies across categories.”

Hubert Staub, the chief financial officer of Hochland, added: “In fermented proteins we see an interesting opportunity to develop innovative and sustainable products. Remilk is the ideal partner for Hochland to jointly develop this new raw material base.

 

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Chris McCullough is a freelance multi-media journalist based in Northern Ireland and specialises in all aspects of agriculture. He has spent the past 18 years travelling the globe hunting for the best stories in food, farming and politics. He has reported extensively from overseas, mostly throughout Europe but also from USA, Canada, India, Australia and African countries on various topics. He has won a number of awards for his photos and journalism and is always on the lookout for his next exclusive.

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