Calysta completes $40M Series D financing

[dealmaker]

Calysta completes $40M Series D financing
The Menlo Park, Calif.-based biotechnology companyon Mondayannounced $40 million in Series D funding, in a financing roundled by Mitsui & Co. Ltd., Tokyo, Japan. Also participating were Temasek, a Singapore-based investment company and current investors Cargill, the Municipal Employee Retirement System of Michigan, Walden Riverwood Ventures, Aqua-Spark and Pangaea Ventures.(Venture Beat)

 

[Baron]

"Calysta is an innovator in sustainable products to improve worldwide food security. Calysta develops and commercializes FeedKind® protein, an alternative feed ingredient for fish, livestock and pet nutritional products."

I recently watched a documentary about a high end restaurant, and the fish farming part was pretty disturbing. A lot of the farm raised fish are actually fed corn and unused chicken parts, which is about an unnatural as it gets.

So hopefully Calysta's product will end up providing a much healthier source of nutrients than what's currently being administered.