DeNova

📍 Dartmouth, Canada🗓 Founded 2016👥 46 employees💰 Last funded Aug 2024
DeNova envisions a world with sustainable food systems that nourish people and honour the planet. Its flagship product, Psomi™, is a nutrient-dense, all-natural, single cell protein that meets the high-performance nutritional demand for modern-fed aquaculture. With growth constrained by the availability, sustainability, and cost of high-quality feed ingredients, aquafeed producers are looking for new raw feed materials. Our technology converts methanol, derived from natural gas or carbon dioxide, into a high-quality protein ingredient via fermentation. The result is a nutritionally on par or superior, massively scalable, and cost competitive product with dramatically lower land, water, and climate impacts compared to conventional agriculture feed ingredients. Headquartered in Nova Scotia, Canada, DeNova is working to transform Canada’s abundant natural resources into a sustainable, globally relevant, high-value export opportunity. This will convert a new industry for Canada into sustainable economic capacity – creating jobs, supporting industrial decarbonization, building economic autonomy, and advancing clean growth objectives. DeNova has advanced its technology through lab-scale R&D and pilot facility operations and is now accelerating a phased-market entry through the construction of an approximately 1500 metric tons (MT) per year capacity market entry plant in Nova Scotia, Canada with start-up expected in 2027. DeNova is also in planning its first full-scale production facility in Alberta, Canada, which will deliver over 50,000 MT of protein annually by 2029. Beyond GP01, DeNova will be deploy a phased expansion strategy targeting global production volumes of >500,000 MT annually by 2040. With a Board of Directors of world-renowned experts across the methanol-to-protein value chain, a committed shareholder group, and a strong financial foundation, DeNova is positioned to become a dominant player in the annual $400 billion animal feed protein market.
1
Total investors
0
Early stage
0
Mid stage
1
Late stage
2016
Founded
Investor geography1 country
Canada
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Frequently asked questions
Who invested in DeNova?
DeNova has 1 investors on record on gritt.io and 1 late-stage investors.
When did DeNova last raise funding?
The most recent investment in DeNova recorded on gritt.io was in August 2024.
When was DeNova founded?
DeNova was founded in 2016.
What industry is DeNova in?
DeNova operates in Biotechnology Research. Find similar Biotechnology Research investors on gritt.io.
Where is DeNova based?
DeNova is headquartered in Dartmouth, Canada.