Agronomics Limited Boosts Clean Food Sector with Liberation Labs' US$ 50.5 Million Fundraise

Agronomics Limited (LSE: ANIC), a leading listed company focused on cellular agriculture and clean food, has announced that its portfolio company, Liberation Labs Holdings Inc ("Liberation Labs"), has successfully closed a US$ 50.5 million fundraise. This significant investment will enable Liberation Labs to complete the construction of its first biomanufacturing plant in Richmond, Indiana, further strengthening the company's position as a global fabrication partner for the industrial biotechnology sector.

The fundraise, which included participation from NEOM Investment Fund, Siddhi Capital, and Meach Cove Capital, brings Liberation Labs' total raised capital to US$ 125.5 million. This substantial investment will allow the company to address the critical bottleneck in fermentation capacity, which is a key challenge facing the alternative protein sector. By establishing its Bio3 platform, Liberation Labs aims to provide a secure and diversified supply chain for governments and large corporations, supporting the growth and scalability of the clean food industry.



The Richmond, Indiana, site has the potential to be expanded by an additional 4 million litres of capacity in the future, further enhancing Liberation Labs' ability to meet the growing demand for alternative proteins and other biotechnology products. Additionally, the company has received a US$ 25 million "Business and Industry" loan guarantee from the US Department of Agriculture, demonstrating the government's support for the development of sustainable and secure supply chains in the clean food sector.

Agronomics' investment in Liberation Labs aligns with the company's core values and commitment to supporting innovative and sustainable food production technologies. By addressing the capacity bottleneck in fermentation and providing secure and diversified supply chains, Liberation Labs strengthens Agronomics' portfolio and contributes to the broader market trends in the biotechnology and clean food sectors.

In conclusion, the successful fundraise by Liberation Labs is a significant milestone for both companies, as it enables the completion of the Richmond, Indiana, biomanufacturing plant and further solidifies their position as leaders in the clean food and biotechnology sectors. This investment supports Agronomics' commitment to promoting sustainable and innovative food production technologies, ultimately benefiting both companies and the broader market.