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About Agronomics (AGNMF): Revolutionizing Food Production Through Cellular Agriculture
Agronomics Limited (OTC:AGNMF, LSE:ANIC) is a leading publicly listed investment company specializing in the transformative field of cellular agriculture. This emerging sector leverages advanced technologies such as precision fermentation, cultivated meat, and other biotechnological innovations to revolutionize traditional food production. Agronomics is at the forefront of this agricultural disruption, addressing critical challenges in sustainability, food security, and ethical food production for a growing global population.
Core Business Model and Investment Strategy
Agronomics' primary business model revolves around strategic investments in innovative companies that possess defensible intellectual property and scalable technologies. The company has built a diverse portfolio of over 20 cutting-edge firms spanning cultivated meat, precision fermentation, and alternative protein production. By focusing on technologies historically derived from animals, Agronomics aims to decouple food supply chains from environmental constraints, offering sustainable alternatives to traditional agriculture.
The company generates value through minority stakes in high-potential ventures, emphasizing long-term growth and scalability. Its portfolio companies are pioneers in producing sustainable proteins, animal-free dairy, cultivated seafood, and other groundbreaking products that are reshaping the global food system.
Industry Context and Market Significance
The cellular agriculture industry is poised for exponential growth, driven by increasing consumer demand for sustainable and ethical food options. Traditional agriculture faces mounting challenges, including environmental degradation, resource scarcity, and animal welfare concerns. Cellular agriculture offers a viable solution, with technologies that reduce greenhouse gas emissions, conserve water and land, and eliminate the need for animal slaughter.
Agronomics stands out as a visionary player in this sector, aligning its investment strategy with global trends in sustainability and innovation. By supporting companies that are developing scalable solutions, Agronomics is accelerating the transition to a more sustainable food system.
Portfolio Highlights
- Precision Fermentation: Investments in companies like Onego Bio and Formo Bio focus on producing animal-free egg and dairy proteins with identical taste and functionality to traditional products.
- Cultivated Meat: Portfolio firms such as Mosa Meat and Meatable are developing lab-grown meat products that replicate the taste, texture, and nutritional value of conventional meat without the environmental and ethical drawbacks.
- Alternative Proteins: Companies like Solar Foods and SuperMeat are pioneering innovative approaches to protein production, including microbial protein and cultivated chicken, to address global food security challenges.
Broader Impact and Vision
Agronomics' mission extends beyond financial returns. The company is committed to fostering a more sustainable and ethical food system by investing in technologies that reduce dependency on traditional agriculture. This approach not only addresses pressing environmental issues but also enhances food security and animal welfare.
By enabling the commercialization of cellular agriculture technologies, Agronomics is playing a pivotal role in shaping the future of food. Its investments are driving advancements in production efficiency, regulatory approvals, and market adoption, paving the way for a more resilient and sustainable global food supply.
Agronomics (LSE:ANIC) announces that its portfolio company, Onego Bio, has secured EUR 14 million in new funding from the European Innovation Council Accelerator Program and an additional Series A investor. This brings Onego's total funding to EUR 65 million. Agronomics' investment in Onego remains at EUR 8.4 million, currently valued at GBP 11.1 million (EUR 12.9 million), accounting for 6.7% of Agronomics' last published Net Asset Value. Agronomics holds a 16.1% equity ownership on a fully diluted basis.
Onego Bio, a precision fermentation company, is developing Bioalbumen®, a bio-identical egg protein. The company aims to commercialize in North America first, with plans to submit a GRAS notice to the FDA this year. The new funding will support Onego's go-to-market plans in both the US and EU, including regulatory approval processes.
Agronomics, a London-listed cellular agriculture company, announced the exercise of warrants, resulting in the issuance of 1,791 Ordinary Shares at 28.5p each, generating gross proceeds of £510.43. These shares will be admitted to trading on AIM around June 11, 2024, and will be pari passu with existing shares. Following this admission, Agronomics' total share count will be 1,009,411,583. Shareholders can use this updated share count for transparency rule calculations. Agronomics has a portfolio of over 20 companies focused on innovative food and material production technologies, addressing sustainability, human health, animal welfare, and environmental issues.
Agronomics announced an unaudited Net Asset Valuation per share of 16.98 pence, a 0.5% increase from the previous quarter. The company's Net Assets were £171 million, with a 48% discount to the share price. Agronomics made progress in funding rounds and partnerships, marking positive revaluations and acquisitions within their portfolio.
Agronomics , a leading company in cellular agriculture, announces that its portfolio company Meatly has developed a protein-free culture medium for cultivated meat at a groundbreaking price of one pound per liter. This innovation significantly reduces production costs and paves the way for price parity with conventional meat products. With a focus on the pet food market, Meatly's achievement marks a critical milestone in the cultivated meat industry, driving scalability and affordability. Agronomics and investors like Pets at Home are supporting Meatly's upcoming product release, highlighting the company's positive trajectory in the alternative proteins sector.
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