An ambitious plan to transform the way ingredients are created by using fermentation has raised $10.5 million in seed funding, a new record for a female-founded startup.Cauldron, based in regional NSW, will use the funds to expand its existing pilot plant in Orange, 260km west of Sydney, as well as building a national production network and team.While the notion of fermentation is nothing new Founder Michele Stansfield says they are at the cutting edge of “precision fermentation” – industrial-scale fermentation. Precision fermentation is designed to develop new ingredients such as proteins, fats and fibres, which can then be used to create animal-free “milk”, plant-based “meats” and biodegradable plastic alternatives.
Extracta has developed innovative technology and processes that harness the goodness from fresh crop waste, transforming it into high-quality natural ingredients suitable for a range of uses – from nutraceuticals and cosmetics to food products.
These innovations not only help to minimise crop waste for Australian agriculture businesses but also introduce exciting new ‘value-add’ natural ingredients for manufacturers to meet increasing consumer demand for natural products and ingredients.
All of that by keeping the logistical footprint to a minimum by relocating the processing plant to where the masses of processable materials are located.