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$21M Series A For BIOMILQ’s “Human Milk For Babies” Means Mothers Won’t Have to Rely On Dairy Products


October 20, 2021
From Vegconomist
337 views

$21M Series A For BIOMILQ’s “Human Milk For Babies” Means Mothers Won’t Have to Rely On Dairy Products – vegconomist – the vegan business magazine


  • October 20, 2021

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    US biotech company , which produced human breast milk outside of the body for the first time this June, has raised $21 million in a Series A funding round.

    BIOMILQ’s breast milk will provide a much-needed solution for parents who wish to breastfeed but aren’t able to. Conventional infant formulas are usually dairy-based, and as such not suitable for mothers who choose not to consume animal flesh or secretions. Additionally, dairy options struggle to match the nutritional profile of human breast milk.

    The round was led by Novo Holdings and Breakthrough Energy Ventures, with support from others including and Spero Ventures. The new Series A funding will allow the company to optimise the production process, launching commercially within the next four years.

    Biomilq logo
    © BIOMILQ

    After spending a few years getting off the ground, BIOMILQ has taken off in 2021. The company was featured at both and the this year, and was also named as one of the finalists at the .

    “Michelle and I founded BIOMILQ on clear beliefs. Thoughtful planning and relationship building was required to find a commonality of mission among our partners,” said Leila Strickland, CSO and co-founder of BIOMILQ. “While we narrowed the aperture of possible partners, we’ve already seen the ripples of demanding a more representative world of venture capital.”

    “We are beyond excited to continue supporting BIOMILQ and their unique solution for a problem that’s not talked about nearly enough. At least 60% of women struggle to breastfeed – the guilt and anxiety associated with this is unimaginable,” Lindsay McCorkle, Director of Blue Horizon, told vegconomist.

    BIOMILQ
    © BIOMILQ

    She added: “BIOMILQ’s technology will have innumerable benefits – maternal health, both mental and physical, in addition to providing infants with an unmatched nutritional formula substitute. BIOMILQ’s impressive technology paired with its thoughtful product approach make this an investment we are incredibly proud to be part of.”




    Source: Vegconomist.com
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