TORONTO, - CULT Food Science Corp. ("CULT" or the "Company") (CSE: CULT) (OTC: CULTF) (FRA: LN0), an innovative investment platform with an exclusive focus on cellular agriculture that is advancing the development of novel technologies to provide a sustainable, environmental, and ethical solution to the global factory farming and aquaculture crises, is pleased to announce that its affiliate, Vevolution, recently played a critical role in Impact Food's ("Impact Food") closing of its $500,000 strategic round of financing (the "Round"). A portion of the Round was made possible through the use of Vevolution's Investment Marketplace, which is explained in Impact Food's news release issued on August 3, 2022.
Impact Food's round was listed on Vevolution in March 2022 and it only took a few months to close the Round, which included an investment from Ahimsa Foundation for $150,000.1 Other investors include Future Food Fund, Serpentine Ventures, George Sorbek, and Pierre Jouve.1 Vevolution is meant to be used as an ally for vegan businesses and connect investors and start-up companies that are aligned in their views and goals, in order to fund promising companies that are looking to disrupt animal agriculture and create a more sustainable future. Impact Food is now another addition to Vevolution's fundraising success stories.
Vevolution, at its core, is a media production company and investment platform. The importance of Vevolution's role in the connection of Impact Food with its investors is at the crux of why CULT invested in the portfolio company, to begin with. The cellular agriculture sector strives to create sustainable solutions for the world's food system but connecting the businesses, individuals, investors, and leaders with a common initiative to improve and substantiate cell-based agriculture is equally as important. The announcement of Impact Food and its recent closed round is confirmation that Vevolution's role in cellular agriculture is vital
Source : Newswire.ca