Earth First Food Ventures (EFFV) has launched a new $10 million Series A funding round via tokenisation.

The investment will expand EFFV’s portfolio in the alt-dairy sector, launch a $50 million fund dedicated to ‘The Future of Dairy from Precision Fermentation’ and support team growth.

EFFV is a venture capital platform specialising in ESG and impact investments in innovative food technologies, including land-based aquaculture, biomass fermentation and precision fermentation.

Brian Ruszczyk, co-founder and CEO of Earth First Food Ventures, said: “We are excited to announce the launch of our Series A round on the Securitize platform. This step helps us become a leader in the scaling of ‘dairy without the cow’ in collaboration with global strategic partners.”

Ruszczyk continued: “The traditional dairy industry is facing a dairy deficit to the tune of 20-30 million tons by 2030. That’s a $60-90 billion opportunity that needs solving. Our solution is ‘dairy without the cow’. The technologies from precision fermentation exist today to move towards the production of bio-identical bovine whey at price parity with traditional dairy. It requires infrastructure and manufacturing capacity to be realised at a commercially viable scale. This is the mission of EFFV.”

Democratising investments in alt proteins

The funding round has been launched in partnership with Securitize. Investors interested in disruptive food technologies and smart proteins can participate in this Series A round immediately – only accredited investors from the US and international markets will be eligible to purchase tokens, subject to requirements, by subscribing to EFFV’s shares through the Securitize platform or directly from the EFFV website.

Ruszczyk added: “More importantly, the EFFV platform enables a diverse group of individuals, who often face barriers in venture capital, to invest smaller amounts into our holding company, such as $100,000 instead of $1 million, allowing them to support impactful investment opportunities”.

“This inclusive approach aligns with our commitment to democratising investment and fostering innovation, ensuring that more people can contribute to and benefit from our mission of transforming the dairy industry.”

Launched in 2020, Dublin, Ireland-based EFFV specialises in ESG investments and innovative food technologies, channelling climate capital toward plant-based, fermented and cultivated proteins. It has four current asset classes: land-based aquaculture, egg replacement from precision fermentation, ‘dairy without the cow’ and ‘dairy farms of the future also from precision fermentation.’ The firm is a long-term partner of US alt-milk company Strive Nutrition and has invested in precision fermentation start-up The Every Co.

This new Series A round builds on a previous $3 million seed round led by several Greek Family Offices and seeks to strengthen the company’s leadership position in the alt-dairy sector.