![]() ![]() The funding round was led by Ahren Innovation Capital and CPT Capital with participation from ADM Ventures and several other investors. In late 2021, New Culture raised $25 million in Series A funding. We view the Genesis Consortium as a conduit through which ADM can collaborate with emerging players in the industry to bring to market new, natural products that simultaneously meet consumer demands and solve pressing global challenges, said Ian Pinner, ADM’s chief strategy and innovation officer. “This partnership between New Culture and ADM gives our team the chance to accelerate our path to commercialization and expand what’s possible for our product portfolio,” said Matt Gibson, president and chief executive officer for New Culture. ADM also will provide resources to help New Culture expand the use of its animal-free casein into a wider product array. Pinner joined ADM in 1999 and has served in many leadership roles in the company, including president, Southeast Asia, Australia & New Zealand, president, global destination marketing, president, global cocoa and chocolate, vice president, corporate strategy and financial planning & analysis, president, ADM grain, general manager, European softseeds, managing director, ADM milling and ADM Pura, manager of energy procurement & risk for ADM’s European operations and general manager for ADM. Archer Daniels Midland CEO and key executive team. ADM MILLING LIMITED - Free company information from Companies House including registered office address, filing history, accounts, annual return, officers, charges, business activity. The company’s cheeses are formulated with animal-free casein, water, plant-based fat, sugar, vitamins and minerals, according to the company.Īs part of the collaboration, ADM is planning to bring New Culture’s mozzarella to pizzerias starting in 2023. Archer Daniels Midlands Chairman of the Board of Directors, President. “After tasting New Culture’s delicious animal-free mozzarella, we recognized that the company had the potential to play a central role in bringing great-tasting, breakthrough products to the dairy aisle,” said Ian Pinner, senior vice president of strategy and innovation for ADM.ĭeveloped with precision fermentation techniques, New Culture creates its animal-free mozzarella using traditional methods of cheesemaking and food science instead of relying on ingredients like soy and nuts. Senior Vice President, Chief Strategy and Innovation Officer and President Health and Wellness Company. ![]()
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