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- Liberation Bioindustries
Liberation Bioindustries Valuation, Funding & Investors
Liberation Bioindustries is valued at $178M as of December 2025.
Last Liberation Bioindustries valuation
$178M
Series A · Dec 2025
Last Liberation Bioindustries funding round
$60M
Series A · Dec 2025
Cumulative funding Liberation Bioindustries raised
$147M
across 7 funding rounds
Key investors in Liberation Bioindustries
Agronomics
Siddhi Capital
CPT Capital
New Agrarian
8090 Industries
Thia Ventures
About Liberation Bioindustries
Liberation Labs is a Chicago-based biotech firm building infrastructure for large-scale precision fermentation of alternative proteins. The company enables innovators to produce animal-free foods at competitive costs, targeting sustainable nutrition markets.
Founded
2021
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Services
Valuation
$178M (Dec 2025)
Liberation Bioindustries Valuation
Liberation Bioindustries is currently valued at $178M, based on its Series A in December 2025.
Liberation Bioindustries valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Dec 2025 | Series A | $178M |
Liberation Bioindustries Funding History
Liberation Bioindustries has raised a total of $147M across 7 funding rounds.
Liberation Bioindustries' first fundraising round was a $900K seed round in June 2022. The most recent completed round was a $60M Series A in December 2025.
Liberation Bioindustries funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Dec 2025 | Series A | - | $60M | $178M | Liberation Bioindustries, formerly Liberation Labs, is constructing a 600,000-liter commercial precision-fermentation facility to produce protein and bio-based ingredients for food and industrial manufacturers. The company is in the final stages of building this purpose-built biomanufacturing plant with a fully dedicated downstream process to meet needs of consumer packaged goods companies. Recent partnerships include producing Vivitein™ BLG dairy protein for Vivici announced in May 2025 and a strategic collaboration with Topian, NEOM's food company, in April 2025 to co-develop a fermentation facility in Saudi Arabia. Liberation Bioindustries closed the first tranche of its Series A1 equity round on December 19, 2025, converting convertible loan notes into Series A1 shares. Agronomics converted its notes, increasing its shareholding from 6,834,147 to 16,538,437 shares, with total investment of US$27.0 million now carried at US$46.8 million after a US$2.5 million uplift. New Agrarian Company, an Agronomics affiliate, invested US$2.5 million in the round. Premier Alternatives lists the company's current valuation at $178.0 million as of December 9, 2025, with total funding raised at $132.2 million, including a last Early Stage VC round of $112.2 million in December 2025, and a capital efficiency ratio of 1.35x (valuation/funding). The Series A1 round marks a key milestone post-construction progress on the facility, with Agronomics' position representing about 23% of its net asset value as of September 30, 2025. Later updates include an audited unrealised fair value gain of £1.8 million on Liberation Bioindustries following the round close, as part of Agronomics' NAV calculation at December 31, 2025, and a £4.1 million gain noted in half-year financials. |
| Jan 2025 | Undisclosed stage | New Agrarian; Galloway; NEOM Investment Fund; Siddhi Capital; Meach Cove Capital; Agronomics | $32M | - | Liberation Bioindustries (formerly Liberation Labs) is a US-based biotech company commercializing precision fermentation through purpose-built biomanufacturing facilities, including a 600,000-liter commercial-scale plant under construction in Richmond, Indiana, capable of producing 600-1,200 tonnes of protein annually for bio-based ingredients in food, chemicals, and industrial products. The facility, costing around $115M, addresses capacity gaps in US biomanufacturing and is expected to start operations in 2025, bringing in $40M in yearly revenue. On January 30, 2025, the company closed a $50.5M convertible note round, including $31.5M in new capital from investors Agronomics, Galloway Limited, Meach Cove Capital, NEOM Investment Fund, New Agrarian Capital, and Siddhi Capital, plus $19M from 2024 insider bridge notes. This brought total private capital to $71.5M and deployable capital (including public sector awards and loan guarantees) to $125.5M, supplemented by $30M equipment financing and a $25M USDA loan guarantee. Subsequent developments include a Series A1 equity round referenced in late 2025 announcements from Agronomics, which had invested $27M total (carried at $46.8M, ~23% of its NAV as of Sep 2025) and increased its stake to 16,538,437 A1 shares; New Agrarian invested $2.5M. Agronomics previously held a 37.7% stake as of late 2024. The funding supports expansion, including potential facilities in Saudi Arabia backed by NEOM, amid growing demand for secure biotech supply chains. |
| Oct 2024 | Seed | Agronomics (lead) | $2M | - | Liberation Bioindustries (formerly Liberation Labs) is a US-based precision fermentation company building biomanufacturing facilities for novel protein production. It received a $2 million Secured Promissory Note from Agronomics in October 2024 as part of a $3.39-3.5 million raise, bringing Agronomics' total investment to $19.6 million for a 37.5% fully diluted stake. The funds support construction of its 600,000-liter Launch Facility in Richmond, Indiana, expected operational by Q1 2025, with a $1.39 million DoD grant for a feasibility study on a 4-million-liter expansion. The company has secured letters of intent covering over 200% of the Launch Facility's initial capacity from customers in food, fuel, materials, and pharmaceuticals. Earlier in 2024, it raised $12.5 million including $10 million from Agronomics, with total equity-linked financing at $33.5 million plus $55 million in non-dilutive commitments. By January 2025, it closed a $50.5 million convertible note, reaching $125.5 million total deployable capital including public sector support. In late 2025, Agronomics converted notes in a Series A1 tranche, increasing its investment to $27 million carried at $46.8 million, reflecting strong confidence in the team's execution and the facility's role in US biomanufacturing. |
| Apr 2024 | Series A | Agronomics (lead); Siddhi Capital | $13M | - | - |
| Dec 2022 | Seed | Agronomics (lead); Siddhi Capital (lead); CPT Capital; 8090 Industries; Thia Ventures; echo | $20M | - | - |
| Oct 2022 | Seed | Agronomics (lead) | $20M | - | Agronomics signed an unconditional agreement to invest up to US$7 million in the US$20 million seed round of Liberation Labs, the precision-fermentation contract manufacturer, co-leading with Siddhi Capital and alongside CPT Capital. An initial US$3.5 million was drawn at first close with the balance callable within 90 days. Following the first tranche Agronomics held 4,700,000 ordinary and 1,067,074 seed preferred shares, a 38.5 per cent fully diluted stake in the company building a 600,000-litre plant at Richmond, Indiana. |
| Jun 2022 | Seed | Agronomics (lead); New Agrarian; CPT Capital | $900K | - | - |
Who has invested in Liberation Bioindustries?
10 investors have backed Liberation Bioindustries across its funding rounds, including Agronomics, Siddhi Capital, CPT Capital, New Agrarian, 8090 Industries and Thia Ventures.
Lead investors include Agronomics and Siddhi Capital.
Liberation Bioindustries Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 6 | Lead | Jun 2022 | ||
| 3 | Lead | Dec 2022 | ||
| 2 | Participant | Jun 2022 | ||
| 2 | Participant | Jun 2022 | ||
| 1 | Participant | Dec 2022 | ||
| 1 | Participant | Jan 2025 | ||
| 1 | Participant | Jan 2025 | ||
| 1 | Participant | Dec 2022 | ||
This data is available for Pro users. Sign up to see all 10 Liberation Bioindustries investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialLiberation Bioindustries Competitors
Liberation Bioindustries competitors include listed companies like Cabio Biotech (Wuhan) Co, Easy Holdings Co and Codexis, and private ones like BlueNalu, Prolific Machines and Jiaozhiwu.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $180M | - | ||
| Private | - | - | $202M | - | ||
| Publicly listed | $84M | $33M | $211M | - | ||
| Publicly listed | $2.5B | $163M | $217M | - | ||
| Publicly listed | $70M | ($36M) | $145M | 2.2x | ||
| Private | - | - | $133M | - |
Liberation Bioindustries Public Comps
Liberation Bioindustries is still privately-owned, but its public comps include Cabio Biotech (Wuhan) Co, Codexis, Easy Holdings Co, Cibus, ArcticZymes, Clover Corp, Novogenia, American Vanguard, Fermentalg and Amoeba.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $84M | $33M | 2.2x | - | 5.5x | - | |||
| $70M | ($36M) | 2.3x | 2.2x | (4.4x) | (6.7x) | |||
| $2.5B | $163M | 0.5x | - | 7.2x | - | |||
| $4M | ($91M) | 37.8x | 28.9x | (1.5x) | (2.3x) | |||
| $12M | $1M | 7.3x | 6.4x | 62.2x | 44.2x | |||
| $61M | $9M | 1.6x | 1.4x | 11.0x | 8.2x | |||
| $63M | $6M | 0.6x | 0.6x | 6.2x | (5.2x) | |||
| $515M | ($12M) | 0.6x | 0.6x | (25.6x) | 7.8x | |||
This data is available for Pro users. Sign up to see all Liberation Bioindustries competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Liberation Bioindustries
| When was Liberation Bioindustries founded? | Liberation Bioindustries was founded in 2021. |
| Where is Liberation Bioindustries headquartered? | Liberation Bioindustries is headquartered in New York City, NY, United States. |
| Is Liberation Bioindustries publicly listed? | No, Liberation Bioindustries is a private, VC-backed company. |
| What is Liberation Bioindustries' valuation? | Liberation Bioindustries was last valued at $178M in its Series A in December 2025. |
| How much funding has Liberation Bioindustries raised? | Liberation Bioindustries has raised $147M across 7 funding rounds. |
| What was Liberation Bioindustries' last funding round? | Liberation Bioindustries' last funding round was a $60M Series A in December 2025. |
| Who are Liberation Bioindustries' investors? | Liberation Bioindustries' investors include Agronomics, Siddhi Capital, New Agrarian, CPT Capital, 8090 Industries, Galloway, NEOM Investment Fund, Thia Ventures, echo and Meach Cove Capital. |
| Which companies are comparable to Liberation Bioindustries? | Companies comparable to Liberation Bioindustries include BlueNalu, Prolific Machines, Cabio Biotech (Wuhan) Co, Easy Holdings Co, Codexis and Jiaozhiwu. |
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