NovoNutrients - About the company
NovoNutrients is a series A company based in Sunnyvale (United States), founded in 2017 by Brian Sefton, Bahare Howard and Russell Howard. It operates as an Online platform to transform carbon dioxide into seafood farming products. NovoNutrients has raised $30.2M in funding from investors like Woodside Energy, IndieBio and Happiness Capital. The company has 105 active competitors, including 33 funded and 3 that have exited. Its top competitors include companies like InnovaFeed, GreenGrahi and Enifer.
Company Details
Online platform to transform carbon dioxide into seafood farming products. It leverages microbes and proprietary bioreactors that transform emissions, hydrogen, and oxygen into natural single-cell protein ingredients for food and feed. It also converts carbon dioxide emissions into alternative protein ingredients.
- Website
- www.novonutrients.com/
- Email ID
- *****@novonutrients.com
- Phone Number
- +1 **********
- Registered Address
- Sunnyvale, California
Key Metrics
Founded Year
2017
Location
Sunnyvale, United States
Stage
Series A
Total Funding
$30.2M in 5 rounds
Latest Funding Round
Investors
Ranked
12th among 105 active competitors
Employee Count
14 as on Dec 31, 2022
Legal entities associated with NovoNutrients
NovoNutrients is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
Oakbio Inc CIN: 264686607 , United States, Active | Dec 26, 999 | - | 16 (As on Dec 31, 2024) | - |
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NovoNutrients's funding and investors
NovoNutrients has raised a total funding of $30.2M over 5 rounds. Its first funding round was on Sep 20, 2018. Its latest funding round was a Series A round on Jul 08, 2024 for $*****. 7 investors participated in its latest round. NovoNutrients has 15 institutional investors.
Here is the list of recent funding rounds of NovoNutrients:
Filter this list
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Jul 08, 2024 | 6140857 | Series A | 4785590 | 8726193 | 7088009 | 8341800 |
Apr 18, 2023 | 6321677 | Series A | 7557551 | 7227655 | 5122763 | 8047078 |
Jul 29, 2021 | 4241540 | Series A | 4063797 | 4973751 |
View details of NovoNutrients's funding rounds and investors
NovoNutrients' founders and board of directors
Founder? Claim ProfileHere are the details of NovoNutrients' key team members:
- Brian Sefton: Co-Founder of NovoNutrients. They serve on the board of 1 company.
- Bahare Howard: Business Development Manager & Co-Founder of NovoNutrients.
- Russell Howard: Chairman of the Board & Founder of NovoNutrients.
NovoNutrients' Board of Directors
NovoNutrients's board has 7 active members. Min Zhou, Brian Sefton, Russell Howard, Kevin Tidwell, Alex Kopelyan, David Tze and Mila Kyriacou are independent board members.Here is the list of NovoNutrients' board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
Independent board member | - | Current | 1y 7m | |
xjfuhmb | Independent board member | - | Current | 1y 4m |
quvzmyr | Independent board member | - | Current | 6y 7m |
vrrrgox | Independent board member | - | Current | 9y 9m |
uqlvf{o | Independent board member | - | Current | 7y 3m |
gtkdr{r | Independent board member | - | Current | 9y 2m |
yyzzyel | Independent board member | - | Current | 9y 9m |
View details of NovoNutrients's Founder profiles and Board Members
NovoNutrients' employee count trend
NovoNutrients has 14 employees as of Dec 22. Here is NovoNutrients's employee count trend over the years:
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NovoNutrients's Competitors and alternates
Top competitors of NovoNutrients include InnovaFeed, GreenGrahi and Enifer. Here is the list of Top 10 competitors of NovoNutrients, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | InnovaFeed 2015, Evry Courcouronnes (France), Series D | Insect producer for animal and plant nutrition, building a sustainable food system | $480M | 62/100 | |
2nd | GreenGrahi 2021, Delhi (India), Seed | Provider of insect-based products for animal nutrition, plant nutrition, and biomedical | $4.19M | 59/100 | |
3rd | Sustainable mycoprotein ingredients for food, aquafeed, and pet food applications | $28.3M | 58/100 | ||
4th | nextProtein 2015, Paris (France), Series B | Sustainable insect protein for animal feed, addressing resource scarcity | $33.3M | 56/100 | |
5th | Manufacturer of insect-derived proteins, oils and biomolecules for nutrition and bioproducts | $6.65M | 54/100 | ||
6th | Developer of protein ingredients through carbon-capture | $13.8M | 54/100 | ||
7th | Calysta 2011, Menlo Park (United States), Series D | Developer of sustainable protein ingredients for feed and food applications | $172M | 53/100 | |
8th | Deep Branch 2018, Nottingham (United Kingdom), Series A | Developer of sustainable protein from gas fermentation. This company produces a protein ingredient using a proprietary sugar-free fermentation process. The process utilizes carbon dioxide and hydrogen as inputs, eliminating the need for traditional sugar-based feedstocks and reducing the environmental impact of protein production. The resulting protein is intended for use in animal feed applications. The technology offers a scalable and sustainable alternative to conventional protein sources, addressing concerns related to land use, water consumption, and greenhouse gas emissions. | $9.63M | 51/100 | |
9th | Prairie Aquatech 2009, Brookings (United States), Series A | Provider of plant protein-based aquaculture feeds | $23M | 47/100 | |
10th | FarmInsect 2017, Dachau (Germany), Series A | Automated insect breeding solution for farmers for producing animal feed | $13.7M | 45/100 | |
12th | NovoNutrients 2017, Sunnyvale (United States), Series A | Online platform to transform carbon dioxide into seafood farming products | $30.2M | 43/100 |
Looking for more details on NovoNutrients's competitors? Click here to see the top ones
NovoNutrients's Investments and acquisitions
NovoNutrients has made no investments or acquisitions yet.
Reports related to NovoNutrients
Here is the latest report on NovoNutrients's sector:
News related to NovoNutrients
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NovoNutrients wants to transform CO2 into proteins for humans and petsTrending Topics•Jul 10, 2024•NovoNutrients, Woodside Energy, CM Venture
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NovoNutrients Raises $18M for Pilot PlantGlobal Village Space•Jul 10, 2024•NovoNutrients, Woodside Energy, CM Venture, TechCrunch+ and 8 others
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NovoNutrients achieves “beef-quality” protein from CO2 instead of cattleBiofuels Digest•May 16, 2022•NovoNutrients, Medallion Labs
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NovoNutrients nets US$4.7M for converting CO2 emissions into protein using microbial fermentationFoodIngredientsFirst•Jul 30, 2021•NovoNutrients, Happiness Capital, E²JDJ, IndieBio and 1 other
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NovoNutrients Scaling Up with Project Funding Plus $9M in EquityPR Newswire•Jul 29, 2021•NovoNutrients
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NovoNutrients Joins Chevron Technology Ventures’ Catalyst ProgramBusiness Wire•Nov 13, 2019•NovoNutrients, Chevron
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