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Equinom Series-C

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Equinom Pitch Deck to Raise $20m Series-C Round

This is the Equinom pitch deck to raise a $20m series-c round in 2021.

About

Equinom is a seed-breeding technology company, focused on creating superior food ingredients using precision breeding methods.

Utilizing DNA sequencing, big data processing and proprietary algorithms, they enhance the nutritional values of grains and develop new varieties that represent the best of what nature has to offer. Their technology makes their breeding process 10-times more accurate than traditional methods and cuts time-to-market by half. As a result, they are transforming the economics of mid-size market crops by opening them up to the benefits of advanced breeding technologies and the profits associated with implementing them.

They partner with companies from the entire food ingredients supply chain, to develop varieties to exact specifications.

Equinom is currently focused in two major areas:

Sesame, where they have revolutionized the market by developing superior-quality, high-yield varieties that can be harvested mechanically.

Protein, where they are focused on developing high-yield legume varieties, with protein levels that are 40% higher than what is commercially available today. With these, they address the global demand for sustainable sources of protein, while offering protein extractors huge financial benefits.

The plant-based-food industry is booming, with startups that are exploring alternative proteins raising more than $3 billion in 2020, according to the Good Food Institute.

One agriculture startup wants to become the go-to source for plant-based foods with what it describes as a non-GMO seed-breeding technology.

Equinom, based in Israel, has secured $20 million in Series C funding to scale its research and development, exploring novel methods to bring out the best flavor and nutritional value of seeds and grains.

The round was led by The Phoenix, with participation from Fortissimo, BASF Venture Capital, Trendlines, and Maverick Ventures Israel. The new injection of cash, bringing Equinom’s total raised to $36 million, will be used to expand operations in sales, marketing, and research and development across the globe.

After growing up wanting to become a farmer, Equinom’s founder, Gil Shalev, turned to science and technology to try building the future of food.

“The desire to combine science and agriculture was always my life,” he said. “We said, we need to find a very lean and efficient way to implement new technologies into breeding. We said, OK, let’s use our technology where we believe we can bring the highest impact, which is definitely food.”

Equinom’s partners include the PepsiCo-owned dip company Sabra, which sourced a specific line of sesame seed for tahini to use in its hummus, its fellow plant-based ingredients company Roquette, and the sesame supplier Dipasa.

Shalev said food companies often don’t know what they need to make tasty meat alternatives, and added that Equinom “closes the gap between food and biochemistry” in a bid to avoid trial and error.

Breeding better seeds and grains improves the quality of the ingredient, he said.

Equinom is also adding to its “Google-like” database that matches food manufacturers with specific strains of seed based on their needs and enables local sourcing. Shalev is planning to grow his 42-person team to 65, eight of whom are in the US, to do this.

Funding Rounds

Announced Date	Transaction Name	Number of Investors	Money Raised	Lead Investors
Jun 22, 2021	Series C – Equinom	5	$20M	Phoenix Insurance Company
Feb 19, 2020	Series B – Equinom	4	$10M	BASF Venture Capital
Jan 1, 2019	Grant – Equinom	1	€71.4K	—
Oct 18, 2017	Venture Round – Equinom	2	$4M	Fortissimo Capital
Apr 13, 2016	Seed Round – Equinom	—	$1.3M	—
Jan 1, 2014	Seed Round – Equinom	1	$2.3M	—