Eden Brew raises $24.4 million to bring animal-free dairy products to market

Precision fermentation startup Eden Brew will move its headquarters from Sydney to Melbourne, after raising $24.4 million to further scale its efforts to bring animal-free dairy products to consumers.

The Series A round, led by CSIRO’s Main Sequence, has attracted some high-profile investors, including Paralympic gold medallist Dylan Alcott, musicians Bernard Fanning and Angus Stone, and musical industry entrepreneur Paul Piticco.

The Victorian government-backed Breakthrough Victoria contributed up to $6 million to the raise, which comes two years after Eden Brew launched with a $4 million investment in mid-2021. Eden Brew also raised $6.9 million in May 2022, from Main Sequence and US investor Digitalis Ventures.