Artificial Breast Milk Start-Up Gets $3.5 Million From Bill Gates-Founded Investment Fund
Biomilq, a North Carolina-based start-up targeting infant nutrition by attempting to reproduce mothers’ breast milk in a lab, just earned the backing of the world’s top investors. While that may seem like a longshot, Biomilq has raised $3.5 million in Series A funding from Breakthrough Energy Ventures, Bill Gates‘ investment firm. The dairy industry is a significant source of greenhouse gasses, with as much as 10 percent of the global market estimated as going to the production of baby formula milk. The industry represents a significant carbon footprint. Which is why U.S. start-up Biomilq hopes to artificially produce ‘real’...
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