Agronomics Ltd - alternative proteins company - Says portfolio company Livekindly Collective - focused on plant-based food - has closed a USD335 million funding round, inclusive of the USD135 million convertible loan note raised and announced in October 2020. Agronomics says it invested USD3 million in February 2020 and now carries this position at a book value of USD5.6 million.
The funding will be used to accelerate Livekindly Collective's expansion into growth geographies, like the US and China, and fuel its acquisitions, key partnerships and investments in plant-based innovation.
Current stock price: 28.00 pence
Year-to-date change: more than doubled from 12p on December 31
By Evelina Grecenko; evelinagrecenko@alliancenews.com
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Agronomics (ANIC)