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Bangkok-based biotechnology agency UniFAHS has secured US$1.4 million in seed funding, with A2D Ventures main the funding.
ADB Ventures and Thailand’s InnoSpace additionally participated.
UniFAHS plans to utilise the funds to increase manufacturing capability and enhance market attain in Southeast and South Asia by means of strategic partnerships, concentrating on a 20 per cent development in buyer segments by 2024 to affect world meals manufacturing.
Based in 2020, UniFAHS utilises its patented phage expertise for sustainable and secure meals manufacturing, specialising in meat alternate options. The corporate actively contributes to combating antimicrobial resistance (AMR) and advocates for climate-friendly agriculture.
Additionally Learn: Fintech funding in Southeast Asia hits a five-year low in 2023
UniFAHS adopts a ‘One Well being’ method, recognising the interconnectedness of human, animal, and environmental well being to deal with challenges holistically.
Dr Kitiya Vongkamjan, Co-Founding father of UniFAHS, said, “Our imaginative and prescient at UniFAHS is to create a sustainable future for meals manufacturing. This funding is a monetary enhance and a powerful endorsement of our phage expertise’s potential to revolutionise the agriculture and meals security sectors.”
UniFAHS has partnered with main poultry producers, using phage expertise to deal with bacterial management challenges and fight antimicrobial resistance in agriculture and animal well being.
“This funding underscores our confidence in Thai founders and Thailand-based startups’ potential to redefine and recreate industries, providing options that may be exported to world markets and obtain substantial development shortly,” stated Ankit Upadhyay, Founder and CEO of A2D Ventures.
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Picture credit score: UniFAHS
The submit UniFAHS raises US$1.4M to scale bacteriophage tech for sustainable agriculture appeared first on e27.
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