SEED Innovations says interest in Clean Food Group ‘fits theme of investing in future technologies’

“SEED Innovations Ltd’s Ed McDermott joins Proactive to talk about the company’s investment in Clean Food Group.

It paid an initial £46,000 for 4.6mln shares in March 2022 during a seed round, while it bought a further 1.25mln shares for £125,000 in a ‘friends-and-family’ round.

SEED now holds 5.85mln shares, representing a 5.38% stake in Clean Food, which was co-founded by McDermott in 2021, with an implied value of £585,000.

Clean Food’s main goal is to develop a sustainable alternative to palm oil.”

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