Series A first close · Foodtech
Kinish raises ¥490m at first close of Series A
INSPiRE Mutualistic Symbiosis Fund 1, Shimadzu Future Innovation Fund, Obayashi and Love Veggies Holding subscribed for new shares.
The financing announced on 20 October will support expansion of The Rice Creamery in Japan and the US, research into molecular farming and controlled-environment rice production, and hiring.
Kinish says its rice-based frozen desserts are sold in about 500 Japanese stores. A New York office will support local production and distribution in the US. The company is also working to increase casein expression in rice and scale cultivation trials.
Use of funds
Expand The Rice Creamery sales in Japan and the US
Develop molecular farming and controlled-environment rice cultivation
Hire management and commercial staff
Funding history
Series A first close · This round¥490M