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Cauldron — $10.5 funding round for Australian precision fermentation start-up

Cauldron, an Australian precision fermentation startup, has successfully raised a historic $10.5 million in its latest series seed funding round.
precision fermentation tank

Cauldron, an Australian precision fermentation startup, has successfully raised a historic $10.5 million in its latest series seed funding round. Founded by Michele Stansfield and based in Orange, regional New South Wales, the company aims to revolutionise the global precision fermentation market. Horizons Ventures and UNSW joined Main Sequence Ventures, the investment arm of the CSIRO, in the fundraising round.

Precision fermentation is successfully used for the production of insulin and rennet. However, scaling the process has been challenging due to time and cost constraints. Cauldron seeks to overcome these obstacles and expand precision fermentation to include food production, an industry expected to reach $700 million by 2040.

The funding round will help Cauldron to upscale its pilot production facility and explore the possibility of establishing new sites across Australia. The company’s technology, combined with Australia’s unique infrastructure and natural resources, aims to help businesses in the precision fermentation space bring new products and ingredients to market more quickly, at lower costs and with reduced risk.

Australian startups Loam Bio and ULUU are already utilising Cauldron’s platform to scale their production. Cauldron’s hyper-fermentation platform employs a continuous fermentation process, which increases efficiency fivefold and allows for faster and more precise conditions for bacteria and microorganisms to produce essential components like fat, protein, and fuel.

The $10.5 million raise is one of the largest seed rounds secured by a woman-owned and operated business in Australia. As Cauldron continues to grow, it aims to integrate traditional culinary practices into the modern world and contribute to the development of alternative solutions in food, feed and fibre production.

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