- Agronomics (OTCPK:AGNMF) said that portfolio company Onego Bio, focused on commercialising egg proteins via precision fermentation, has raised €27M in its Series A financing.
- The financing was led by NordicNinja VC, a Japanese-Nordic VC backing companies in climate and deep tech.
- In addition, Onego Bio secured a further €9.5M in non-dilutive funding from Business Finland, a government organisation offering grant funding for innovative Finnish companies that address significant global needs and challenges.
- Agronomics’ position in Onego Bio, including the Subscription, will be carried at €12.9M with gross IRR of 27.57% and a MOIC of 1.53x.
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