Trendlines Invests in Celleste Bio to Make Our Chocolate Supply Sustainable

Rhea-AI Summary

The Trendlines Group Ltd. (OTCQX: TRNLY) has established a new company, Celleste Bio, aimed at producing high-value cocoa ingredients through cell culture methods. This innovation reduces dependency on cocoa tree cultivation and addresses sustainability challenges associated with traditional cocoa farming. Co-investors include Mondelēz International and Barrel Ventures. Celleste's technology ensures consistent cocoa yields, unaffected by climate. By utilizing naturally occurring cocoa cells, the company aligns with growing consumer demand for environmentally friendly products.

Positive

• Trendlines established Celleste Bio, enhancing its portfolio in agrifood technology.
• Celleste's production method addresses sustainability issues linked to traditional cocoa cultivation.
• The investment from notable co-investors like Mondelēz International strengthens financial backing.

Negative

• None.

Co-investors include Mondelēz International, Barrel Ventures and Regba Group

MISGAV, Israel, Nov. 7, 2022 /PRNewswire/ -- The Trendlines Group Ltd. ("Trendlines") (SGX: 42T) (OTCQX: TRNLY), announced the establishment of Celleste Bio ("Celleste"), a new company focused on producing high value cocoa ingredients using cell culture methods, eliminating the dependence on cultivation of cocoa trees. Celleste's technology will ensure that cocoa yield supply is invariable, not dependent on climate conditions, close to production sites and a final product of superior quality.

Today, the cultivation of cocoa worldwide can lead to sustainability challenges, including risks of deforestation, child labor and higher carbon emissions than other food sources. New technologies that enable production of cocoa ingredients without these risks can help ensure a more sustainable supply of cocoa ingredients, while appealing to consumers' increasing interest in more environmentally friendly food choices. Celleste will make cocoa ingredients from naturally occurring cocoa cells without genetic modification or manipulation. 

Celleste received their seed investment from The Trendlines Group, an investment company focused on companies in the agrifood technologies and medtech sectors, Mondelēz International, a global leader in snacking, Barrel Ventures, a US-based seed stage venture fund with experience throughout the food ecosystem, and Regba Group, an Israeli agricultural cooperative. Celleste was founded by four entrepreneurs bringing a wealth of interdisciplinary experience in the agrifood sector, specifically in the cellular biology field: Hanne Volpin, PhD, CTO of Celleste, Avishai Levy, MSc,E., Orna Harel, PhD, and Daphna Michaeli, PhD.

Celleste Co-Founder & CTO Hanne Volpin, PhD, commented, "We want to offer people the pleasure and health that high quality cocoa products provide, while eliminating the challenges of sustainable production that we face in cocoa production today."

Trendlines Agrifood Fund CEO, Nitza Kardish, PhD added, "Trendlines believes that the global need for more sustainable cocoa ingredients today and in the future, represents a tremendous opportunity for all stakeholders."  

About The Trendlines Group

Trendlines invests in and incubates innovation-based medtech and agrifood technologies to fulfill its mission to improve the human condition. As intensely hands-on investors, Trendlines is involved in all aspects of its portfolio companies from technology development to business building. Trendlines' shares are traded on the Singapore Stock Exchange (SGX: 42T) and in the United States as an American Depositary Receipt (ADR) on the OTCQX (OTCQX: TRNLY).

Contact Information
Israel:
Shira Zimmerman, The Trendlines Group
shira@trendlines.com 
Tel: +972-72-260-7000

View original content:https://www.prnewswire.com/news-releases/trendlines-invests-in-celleste-bio-to-make-our-chocolate-supply-sustainable-301670061.html

SOURCE The Trendlines Group Ltd.

FAQ

What is the goal of Celleste Bio, established by Trendlines?

Celleste Bio aims to produce high-value cocoa ingredients using cell culture methods, ensuring sustainable and climate-independent cocoa supply.

Who are the co-investors of Trendlines in Celleste Bio?

Co-investors include Mondelēz International, Barrel Ventures, and Regba Group.

What is the ticker symbol for Trendlines Group on the OTC market?

The ticker symbol for Trendlines Group on the OTC market is TRNLY.

When was Celleste Bio announced by Trendlines Group?

Celleste Bio was announced on November 7, 2022.

How does Celleste's technology improve cocoa production?

Celleste's technology allows for consistent cocoa yields through cell culture, mitigating risks associated with traditional cocoa farming.