Bangkok-based biotechnology firm UniFAHS has secured US$1.4 million in seed funding, with A2D Ventures leading the investment.
ADB Ventures and Thailand’s InnoSpace also participated.
UniFAHS plans to utilise the funds to expand production capacity and increase market reach in Southeast and South Asia through strategic partnerships, targeting a 20 per cent growth in customer segments by 2024 to influence global food production.
Founded in 2020, UniFAHS utilises its patented phage technology for sustainable and safe food production, specialising in meat alternatives. The company actively contributes to combating antimicrobial resistance (AMR) and advocates for climate-friendly agriculture.
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UniFAHS adopts a ‘One Health’ approach, recognising the interconnectedness of human, animal, and environmental health to address challenges holistically.
Dr Kitiya Vongkamjan, Co-Founder of UniFAHS, stated, “Our vision at UniFAHS is to create a sustainable future for food production. This funding is a financial boost and a strong endorsement of our phage technology’s potential to revolutionise the agriculture and food safety sectors.”
UniFAHS has partnered with leading poultry producers, employing phage technology to address bacterial control challenges and combat antimicrobial resistance in agriculture and animal health.
“This investment underscores our confidence in Thai founders and Thailand-based startups’ potential to redefine and recreate industries, offering solutions that can be exported to global markets and achieve substantial growth quickly,” said Ankit Upadhyay, Founder and CEO of A2D Ventures.
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Image credit: UniFAHS
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