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Terviva: Raises $78M in Funding | Fintech InShorts: Latest fintech news, analysis by experts

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Terviva: Raises $78M in Funding

By Steve Sam

May 24, 2021

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

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