Terviva Raises $78M in Funding
- Terviva, an Alameda CA-based food and agriculture company, raised $78M in funding
- The company intends to use the funds to drive the expansion of operations and its business reach
- The platform leverages natural, proprietary food processing methods to create a golden-colored, buttery cooking oil and highly-soluble plant protein
- The company works with farmers to plant pongamia trees on idle agricultural land that is often difficult to farm due to poor soil or water stress
- The company is launching a new collaboration with Danone to develop new food products that utilize pongamia oil and plant protein
- The company will also open a facility in the U.S. in 2022 to produce pongamia-based foods
