“Revolutionary Plant-Based Egg Producer Onego Bio Nears Breakthrough in Conventional Egg Industry”
In 2023, higher egg prices provided an opportunity for alternative protein companies to show they could compete with traditional egg manufacturers.
At this capacity, Onego Bio is close to reaching competitive price points to traditional ways of making egg proteins, she added.
Onego Bio claims Bioalbumen is “bioidentical” to ovalbumin, which is the major protein in chicken egg white.
In preparation for this, Onego Bio recently secured $40 million in Series A funding to get Bioalbumen to market and increase manufacturing capabilities.
Tomosaku Sohara, managing partner of Nordic Ninja said in a statement: “Onego Bio is taking all the right steps to commercialize in record time … with a clear path to industrialization, go-to-market and profitability.
