The funding was led by The Conduit Impact Fund alongside participation from SIS Ventures, Equity Gap, Old College Capital and Scottish Enterprise.
"Our process is championing the circular economy and the investment we have secured will be transformational in helping MiAlgae scale quickly both locally and abroad."
Agronomics led the seed financing round to help fund a large-scale pilot plant and secure regulatory approvals.
"Our dependence on palm oil comes at a great environmental cost. We’ve worked over many years to create robust palm oil alternatives that give us a real chance to cut the impact of a range of products that until now have only been possible to produce with palm oil and the deforestation, pollution and emissions that come with it."
Battery Ventures led the financing round, which will support product enhancement and team growth across engineering and client success.
"The headwinds and opportunities facing restaurants today are enormous. Operators are adapting to changing customer preferences around dining and ordering as well as monumental market disruptions – first the pandemic, then supply-chain disruptions and a labour shortage. This has dramatically changed how restaurants operate and shrunk profit margins for those not able to adapt,"
The financing round was led by Octopus Ventures and will support a major recruitment drive.
"Foodsteps has been helping dozens of the UK’s most ambitious food companies to reduce their environmental footprint through our farm to fork data platform and labels. However we need to do so much more. This funding will help us bring in the brightest minds in data and technology to accelerate our work. We’re also looking for food businesses and partners that are hungry to accelerate change and reduce their environmental impacts. Our commitment is to be a force for transparency, collaboration and ambition in the drive to fix our food system."
The Norfolk food company raised the follow-on funding from Anglia Capital Group and New Anglia Capital.
"One Planet Pizza were initially successful in securing £115,000 through Anglia Capital Group and our co-investment fund, New Anglia Capital, the first time they pitched to the group in 2021. We were delighted to hear from them early in 2022 when they were looking to raise again. It’s always good to have a portfolio company come back to present to the members for a follow-on round and to share their progress. They once again gave an impressive pitch and received £162,876 through Anglia Capital Group and New Anglia Capital. One Planet Pizza are based locally here in Norwich and it’s incredibly satisfying for the Anglia Capital Group team to see them going from strength to strength"