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Elo Life Systems grabs another $20.5M to get its monk fruit sweetener to market
Elo Life is focused on a number of technologies from developing plant-based sweeteners to crop protection.
“We’ve generated value and critical momentum over the past two years in building a seasoned management team, expanding our technical, manufacturing and commercial capabilities and achieving product milestones,” Rands told TechCrunch via email. Leveraging new technologies, like molecular farming, gene-editing and precision fermentation, Elo Life and others are “unlocking whole new categories of ingredients, and completely reinventing our food supply chain,” Rands said. It will also work on technology development that includes a partnership with a large non-governmental organization to make staple nutrition crops, like cassava and cowpea, more productive and resistant to the effects of climate change in third-world countries.
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