MeliBio

Last updated
MeliBio
Company type Private
Founded2020
Founders
  • Darko Mandich
  • Aaron Schaller [1]
Headquarters,
U.S.
Website www.melibio.com

MeliBio is an American food tech company that replaces the use of honeybees with microorganisms as a medium for honey production. [2] [3] [4] The company was founded in 2020 by Darko Mandich and Aaron Schaller. [5]

MeliBio is based in Oakland, California. [6]

History

MeliBio was founded in 2020 by Darko Mandich and Aaron Schaller in Berkeley, California. [7] [8] [9] The company uses plant science and precision fermentation to create a product molecularly identical to honey without the need for bees. [10] [11] [12] According to the FDA, this product cannot be marketed as honey.[ citation needed ]

In March 2022, MeliBio raised $5.7 million in seed funding. The round was led by Astanor Ventures. [13]

MeliBio was affected by the collapse of Silicon Valley Bank in 2023, with up to 90% of the company's assets reportedly held at the bank. [14] [15]

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References

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  2. Hall, Christine. "MeliBio's honey production, minus bees, will get you buzzing". TechCrunch. Retrieved 2022-08-19.
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  11. admin (2021-04-22). "Honey without bees?". The Western Producer. Retrieved 2022-08-19.
  12. "Así es la primera miel vegana en la que no intervienen las abejas". La Vanguardia (in Spanish). 2021-10-27. Retrieved 2022-08-19.
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  14. "How the Silicon Valley Bank Crash Impacts Food Businesses". Xtalks. 2023-03-16. Retrieved 2023-03-21.
  15. ""That's how capitalism works," SVB collapse and nutrition and food start-ups take a hit". .nutritioninsight.com/. Retrieved 2023-03-21.