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3F Bio

3F Bio

3F BIO is a biotechnology company developing and commercializing sustainable proteins, bioethanol and animal food production technologies. Jim Laird founded 3F Bio at the University of Strathclyde in Glasgow, Scotland in 2015.

3F Bio is a biotechnology company that was founded on January 30, 2015 by Jim Laird, David Ritchie, and Craig Johnston. The company is operating out of Glasgow, Scotland at the University of Strathclyde, and works closely with Strathclyde's Industrial Biotechnology Innovation Centre for technological and commercial development.



3F Bio is developing technologies and techniques for the sustainable production of food proteins, bioethanol, and animal feed to address global demand for proteins by manufacturing mycoproteins. The company claims that their patented mycoprotein production process produces zero waste, lowers cost of mycoproteins by 50%, and produces %90 less of a carbon footprint and uses 95% less water compared to beef production. 

Funding

Seed

On July 16, 2017, 3F Bio announced the completion of their seed funding round. They raised £461,000 in capital investment from EOS Technology Investment Syndicate, University of Strathclyde, Scottish Investment Bank, Data Collective, and Nick Elmslie. 

Series A

On April 4, 2018, 3F Bio announced the completion of their series A funding round. They closed their series A funding round with £6,200,000 in capital investment from the University of Strathclyde, Scottish Investment Bank, EOS Technology Investment Syndicate, Data Collective, and Nick Elmslie. 



Timeline

People

Name
Role
LinkedIn

Craig Johnston

BD Director and Founder



David Ritchie

CTO and Founder



Elaine Ferguson

CFO



Hannah Ritchie

Business Development & Sustainability Manager



Jim Laird

CEO and Founder



Paul Hudman

Technical Director



Tom Willcock

Marketing & Communications Lead



Further reading

Title
Author
Link
Type
Date

3f bio raises £461k to develop sustainable production of protein - SBNN

Scottish Business News Network

News article



Documentaries, videos and podcasts

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Date
Link





Companies

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CEO
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References