Fonterra has spun off its food business into a start-up called Breakthrough Energy Ventures , which has raised $90 million in series A funding to develop alternative protein products for the plant-based and meat-free industry. Meanwhile, Motif will continue to use Ginkgo 's technology to design new cells for other foods. Investors in the funding round included Breakthrough Energy Ventures , Impossible Burgers , Ginkgo and Viking Global Investors .
Ginkgo has spun off its food business into a start-up called Motif Ingredients, which has raised $90m in series A funding to develop alternative protein products for the plant-based and meat-free industry. Meanwhile, Motif will continue to use Ginkgo's technology to design new cells for other foods. Investors in the funding round included Breakthrough Energy Ventures, Louis Dreyfus, Fonterra and Viking Global Investors.