{"_id":"agxzfmlsbGlzdHNpdGVyGAsSC05ld19Db21wYW55GICAwPubltoJDA","lastupdate":"2023-11-26T00:00:00.000Z","update_date":"2023-11-26T00:00:00.000Z","lastModified":"Aug 14, 2024","active":1,"confidence_score":97,"confidence_score_reason":"video or image, markets","urlname":"biobetter","minimal_profile":null,"status":"","fullstatus":"","acquired":0,"hide_reason":null,"hide_reason_data":null,"hide_reasons":[{"id":"8257rxn4P8EFQOmS5hAAauHyYMhhxrA5u6yWX4XUShpybX3AMNo3Y9","reason":"Pending approval - External entity"},{"id":"aOIaOiiqfpA8UMw6VCTh8ueRmkG3lzDy1NGqEOaJbe11OrCzMTCCd6","reason":"The company is a service provider"},{"id":"ddgjKuc3GgH8E5UehSVJviRl471BCajL1plO8HtGoOojy2NivYqQ7x","reason":"Owner asked to delete"},{"id":"EjOKM211H1ira9J63oaGPuUxvr7Oba55TZo3NWsFO5uhbNu7o4x4zD","reason":"The company is not Israeli"},{"id":"J7fQJtnT3GdWWSE3MD8rzaW65LJ4jEIKxSZnneQiReONdZjG3zIqWe","reason":"Owner asked to hide in the meantime"},{"id":"NxlAC3ReFb5ksiYNLp2FnUyluoJzwRCYfcF7xpTZaPM53SdWQ5kv0B","reason":"Pending approval"},{"id":"RhC1tlwXzioK0MfzBII3H2wepEfQOfKVktmdwqeqTJjGi3ZaBWUqZo","reason":"The company is not innovative"},{"id":"S0Ed46vNI6vZYVxLedANWGjas23K6hY0QdsCtiGYL7lshqIEdLV3sA","reason":"The company ceased operations in Israel"},{"id":"VTANq7bEvlsEcPjp0ghelXfShaCosgndONGjgU730aAOxXtaDIF5j3","reason":"This is a product of an existing company"}],"type":"Startup","logokey":"$CnzD17GCCoETOfOup98AN5skZHsxWw1E228dqYZqz5wDXbPxTiwoHz","name":"Biobetter","oneliner":"Protein Manufacturing and Biologic Drug Purification Platform","registrar":"515315729","website":"https://biobetter.bio/","careerspage":"https://biobetter.bio/careers","founded_month":9,"founded_year":2015,"formernames":[],"sociallinks":{"twitter":"","youtube":"","facebook":"","linkedin":"https://www.linkedin.com/company/53427282","instagram":""},"social":["https://www.linkedin.com/company/53427282"],"flattenedsociallinks":"https://www.linkedin.com/company/53427282","apps":{"appstore":"","googleplay":""},"is_claimed_by_owner":1,"employees":"11-50","employees_exact":39,"patent":1,"raised":16631878,"stage":"A","public_stage":"A","primary_sector_key":"agxzfmlsbGlzdHNpdGVyJAsSF0Jhc2VDbGFzc2lmaWNhdGlvbk1vZGVsGICA4Jvz2KAJDA","primary_sector":"Agriculture & Food Technologies","alternativenames":null,"about":"BioBetter has developed a cost-effective, plant-based protein expression platform to produce complex growth factors for use in cellular agriculture. 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The company uses tobacco plants to produce growth factors at a low cost. BioBetter will receive up to $100,000 for the commercial implementation of the technology in Tnuva or as an investment, and up to 50,000 shekels for advertising in Calcalist Digital. The company, which employs 27 people in Kiryat Shmona, is in the pilot stage. 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Currently, growth factors account for a significant portion of the production costs of cultivated meat. BioBetters approach involves inserting gene sequences into tobacco plants to produce growth factors, which are then extracted and purified using a proprietary process. The company recently raised $10 million in a Series A funding round led by Jerusalem Venture Partners. By utilizing tobacco plants as bioreactors, BioBetter aims to bring down the cost of growth factors from $50,000 - $500,000 per gram to just one dollar per gram.","partners":null,"customers":null,"investors":"Jerusalem Venture Partners","confidence":8,"key_topics":["Cultivated meat","Growth factors","Tobacco plant","Cost-effective production","BioBetter"],"date_of_event":null,"valuation_amount":null,"impact_on_company":"growth-positive","investment_amount":"$10 million","structured_issues":["Investment","Expand"],"acquisition_amount":null,"structuredIssuesShow":"#Investment  #Expand","entityGrowthIconPath":"url(/assets/circle-green.svg);"},"sentiment":"growth-positive","analysisId":"rfxekaRi5dO7qpl6mtbzfZsnGOadDRDMiGP3MSy3esk8EyeZTyrVHq","news_summary":"BioBetter wants to reduce the cost of cultivated meat with tobacco","analysisStructuredIssuesDisplay":"block","analysisImpactOnCompanyDisplay":"block"},{"id":"ViJWcC5LZVe1FQpla9nVnlAPi2btCUQ6teLAJWnubRTBhwaIXdCcGY","date":"Sep 7, 2022","link":"https://www.finsmes.com/2022/09/biobetter-raises-usd10m-in-funding.html","source":"www.finsmes.com","visible":1,"analysis":{"tags":"funding","company":"BioBetter","layoffs":null,"summary":"BioBetter, a FoodTech startup based in Kiryat Shemona, Israel, has raised USD10M in funding. 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The startup aims to overcome the obstacle of scaled production in the industry by manufacturing animal-free growth factors at a fraction of conventional costs. By leveraging tobacco plants as bioreactors, BioBetter can provide a consistent source of natural bioreactors for cultivated meat growth. The use of tobacco plants allows for a significant reduction in the cost of manufacturing growth factors, potentially making cultivated meat economically viable. 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