Bimbo, reputed to be the world’s largest bakery business, took part in the Series B funding round via its strategic investment partner B37.
Financial details of the investment round have not been disclosed.
San Francisco-based Clara Foods engineers, manufactures and formulates animal-free, animal proteins as ingredients for the global food and beverage industry, including chicken-less egg proteins.
Clara Foods’ main product is a foamy egg white alternative for baking use.
It said his round of financing will fast-track commercialisation of that product, more generally expand research and development capabilities and broaden its “product road-map” into other animal proteins.
Arturo Elizondo, founder and CEO of Clara Foods, said: “We see extraordinary value in partnering with Ingredion [which led the funding round] to distribute our products globally and look forward to jointly transforming the status quo.”
Clara Foods raised US$15m in a Series A funding round in 2016.
Clara has also announced a global partnership agreement with Ingredion. Under the agreement, the companies will work together to jointly develop, market and globally distribute functional protein ingredient products.