About NovoNutrients
NovoNutrients is a company based in Sunnyvale (United States) founded in 2017 by Brian Sefton and Russell Howard.. NovoNutrients has raised $30.25 million across 5 funding rounds from investors including Leland Stanford Junior University, Woodside Energy and E²JDJ. The company has 14 employees as of December 31, 2022. NovoNutrients offers products and services including Single Cell Protein Ingredients and Carotenoids. NovoNutrients operates in a competitive market with competitors including Deep Branch, Arkeon, Farmless, Econutri and Trelys, among others.
- Headquarter Sunnyvale, United States
- Employees 14 as on 31 Dec, 2022
- Founders Brian Sefton, Russell Howard
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Sectors
AgricultureEnvironment
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Email
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Phone
*********
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Website
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Social
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- Legal Name Oakbio Inc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$30.25 M (USD)
in 5 rounds
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Latest Funding Round
$18 M (USD), Series A
Jul 08, 2024
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Investors
Leland Stanford Junior University
& 11 more
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Employee Count
14
as on Dec 31, 2022
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Products & Services of NovoNutrients
NovoNutrients offers a comprehensive portfolio of products and services, including Single Cell Protein Ingredients and Carotenoids. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Fermented proteins from CO2 for sustainable food and feed
Nutritional additives via fermentation for enhanced products
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Funding Insights of NovoNutrients
NovoNutrients has successfully raised a total of $30.25M across 5 strategic funding rounds. The most recent funding activity was a Series A round of $18 million completed in July 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 5
- Last Round Series A — $18.0M
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First Round
First Round
(20 Sep 2018)
- Investors Count 12
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2024 | Amount | Series A - NovoNutrients | Valuation | Woodside Energy , CM Venture | |
| Apr, 2023 | Amount | Series A - NovoNutrients | Valuation | Woodside Energy |
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| Jul, 2021 | Amount | Series A - NovoNutrients | Valuation | Happiness Capital |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in NovoNutrients
NovoNutrients has secured backing from 12 investors, including institutional and venture fund investors. Prominent investors backing the company include Leland Stanford Junior University, Woodside Energy and E²JDJ. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Founded Year | Domain | Location | |
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Biotech startups are accelerated through IndieBio's focused programs.
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Founded Year | Domain | Location | |
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Early-stage investments are targeted globally by this VC fund.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by NovoNutrients
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - NovoNutrients
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Novonutrients Comparisons
Competitors of NovoNutrients
NovoNutrients operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Deep Branch, Arkeon, Farmless, Econutri and Trelys, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Sustainable protein is produced via gas fermentation for animal feed.
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| domain | founded_year | HQ Location |
Protein ingredients are developed through carbon capture technology.
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| domain | founded_year | HQ Location |
Developer of fermentation-based novel food ingredients
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| domain | founded_year | HQ Location |
Carbon is converted into protein through Econutri's specialized solutions.
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| domain | founded_year | HQ Location |
Produces bio animal feed ingredients using methanogen bioconversion technology.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Novonutrients
Frequently Asked Questions about NovoNutrients
When was NovoNutrients founded?
NovoNutrients was founded in 2017 and raised its 1st funding round 1 year after it was founded.
Where is NovoNutrients located?
NovoNutrients is headquartered in Sunnyvale, United States. It is registered at Sunnyvale, California, United States.
Is NovoNutrients a funded company?
NovoNutrients is a funded company, having raised a total of $30.25M across 5 funding rounds to date. The company's 1st funding round was a Series A of $9M, raised on Sep 20, 2018.
How many employees does NovoNutrients have?
As of Dec 31, 2022, the latest employee count at NovoNutrients is 14.
What does NovoNutrients do?
NovoNutrients was established in 2017 in Sunnyvale, United States, within the biotechnology sector focused on sustainable proteins. An online platform is maintained to process carbon dioxide emissions, hydrogen, and oxygen through microbes and custom bioreactors. Single-cell protein ingredients are generated for applications in food and animal feed, particularly for seafood production. CO2 is further utilized to create alternative protein options for the industry.
Who are the top competitors of NovoNutrients?
NovoNutrients's top competitors include Arkeon, Deep Branch and Farmless.
What products or services does NovoNutrients offer?
NovoNutrients offers Single Cell Protein Ingredients and Carotenoids.
Who are NovoNutrients's investors?
NovoNutrients has 12 investors. Key investors include Leland Stanford Junior University, Woodside Energy, E²JDJ, CM Venture, and IndieBio.