De Novo Foodlabs lands fresh funding to commercialize longevity protein NanoFerrin

De Novo Foodlabs, a food-tech company focused on creating rare protein-based functional ingredients, has announced fresh capital, bringing its total investment to US$4 million. This investment will enable De Novo to fast-track the commercialization of its precision-fermented lactoferrin product, NanoFerrin. The raise was spearheaded by sustainable protein venture capital firm Joyful Ventures.

Lactoferrin, a functional protein primarily found in milk, plays a crucial role in infant development, and offers numerous health benefits for adults, such as improved immunity, brain health, iron absorption, gut health, and longevity. Lactoferrin has been shown to be effective in alleviating aging-related changes through its anti-oxidation, anti-cellular senescence, and anti-inflammation properties, among others. Traditional extraction methods from cow milk are not only prohibitively expensive but also plagued by sustainability and ethical challenges. De Novo Foodlabs was established to tackle these issues head-on by developing an alternative lactoferrin that delivers all the health benefits without the ethical and environmental drawbacks.

“The lactoferrin market has long been hindered by high prices and inconsistent supply,” commented Jean Louwrens, CEO & Co-Founder of De Novo Foodlabs. “Our team of leading scientists and engineers has dedicated themselves to overcoming these challenges through precision fermentation technology, and we are thrilled to have achieved a breakthrough. NanoFerrin is not only more affordable and eco-friendly; importantly, it also provides a reliable supply source compared to traditional bovine lactoferrin products. We are excited to collaborate with our investors to elevate De Novo to new heights.”

“De Novo Foodlabs exemplifies the innovation and sustainability we champion at Joyful Ventures,” added Milo Runkle, General Partner at Joyful Ventures, and Co-Founder of the Good Food Institute. “Their advancements in precision fermentation technology and dedication to creating impactful alternatives to high-value animal-derived ingredients pave the way for scalable and profitable industry solutions.” As part of the investment, Runkle will join De Novo’s Board of Directors.

This latest funding round follows initial investments from Sustainable Food Ventures, Siddhi Capital, Pascual Innoventures, UM6P Ventures, Cult Food Science and Prithvi Capital, bringing De Novo’s total funding to US$4 million since its inception in 2021.

The global lactoferrin market, valued at US$773 million in 2023, is projected to grow annually by 15.8% over the next decade, presenting tremendous opportunities for innovators and investors to enhance the supply chain and satisfy consumer demand. De Novo’s NanoFerrin offers an unmatched ingredient for the food, beverage, and supplements sectors, facilitating rapid market expansion and category growth.