NS/TX Industries Secures $10.5M in Funding To Scale Alt Protein Manufacturing Platform
Company breaks ground on new Assembly Line for Next-Gen Meat Alternatives
Today NS/TX Industries, the manufacturing technology company behind NEW/SCHOOL FOODS, announced that it has raised capital to further scale its alt protein manufacturing platform and begin work building its V2 Assembly Line.
The company secured $10.5 million USD in Series A funding and non-dilutive grants. The round was co-led by Inter IKEA Development BV and Lever VC, and included investment from Good Startup, Verdex Capital, the company’s Founder Chris Bryson, and non-dilutive capital from Protein Industries Canada.
NS/TX is now initiating construction of its V2 Assembly Line, which will automate the proprietary manufacturing process, increasing capacity by more than 10X, and further reducing production costs. The line will be built and commissioned in NS/TX’s 28,000 sq. ft. manufacturing facility in Toronto.
