LegalVision assists Eden Brew on $25m Series A capital raise

LegalVision has advised animal-free dairy company Eden Brew on a $25m Series A capital raise. 

The capital raised will be allocated towards growing Eden Brew’s business. The company plans to pilot commercial-scale production of animal-free milk and to introduce its ice cream, which necessitate obtaining regulatory and patent approvals. 

CSIRO venture capital arm Main Sequence Ventures led the funding round with support from Breakthrough Victoria, Orkla, Digitalis Ventures, Possible Ventures, and Radar Ventures.

Through the Main Sequence social impact community fund Voice Capital, Eden Brew also recorded investments from Angus Stone, ex-Powderfinger frontman Bernard Fanning, Splendour in the Grass organiser Paul Piticco, and former Australian of the Year Dylan Alcott.

Corporate practice leader Sophie Mao led the LegalVision team that worked on the transaction alongside senior lawyer Angelo Mazzone.

Eden Brew was established in 2021 as a joint venture between the CSIRO, Main Sequence Ventures, and NSW dairy co-op Norco. The company said that it developed the world’s first animal-free casein protein.