Agronomics Ltd - Isle of Man-based alternative proteins company - Notes that portfolio firm New Age Meats has closed a USD25 million Series A funding round, led by South Korean investor Hanwha Solutions Corp.
Proceeds from the funding will go towards doubling the size of its workforce, building a new food pilot manufacturing facility in Alameda, California, and completing its first product offering, a variety of sausage products.
Current stock price: 27.30 pence
Year-to-date change: up sharply from 12.00p
By Dayo Laniyan; dayolaniyan@alliancenews.com
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