Cooks venture8/8/2023 The cost of capital is typically less than 10% overall, including the cost of insurance, with no warrants, extra fees, or prepayment penalties. PIUS provides a proprietary insurance product for growth-stage technology companies to secure better, more flexible financing options without dilution by insuring the debt’s value, based on PIUS’ evaluation of the company’s intellectual property. The PIUS team is privileged to play a role in the next phase of Cooks Venture’s growth, and we are all eager to see how they will revolutionize the poultry industry.” “With more than a decade of research behind the Pioneer breed, Cooks Venture proves the food we eat can – and should – nourish our bodies as well as the planet. “In PIUS’ extensive evaluation of Cooks Venture, it’s clear the company’s IP is only rivaled by its potential for long-term sustainable impact,” said Joe Agiato, CEO of PIUS. Genetic diversity in poultry lines through funded, independent breeding companies is becoming increasingly important due to the over-consolidation of the poultry genetics industry. These new GAP standards, and the subsequent list of approved broiler breeds, are the only currently approved breeds for the Better Chicken Commitment, which over 200 major food companies have signed onto. The Cooks Venture Pioneer is the only commercially viable breed on the list and the only approved breed with no affiliation to the two consolidated genetics conglomerates that dominate more than 99% of the US market. The list includes only a small number of breeds, representing less than 1% of U.S. The largest independent, scientific broiler study recently conducted by the University of Guelph includes Cooks Venture’s Pioneer broiler line and parent stock on a short list of breeds that meet the Global Animal Partnership’s new standards for animal welfare. The company’s proprietary pedigree line, the Pioneer, is selectively bred to grow slower with a stronger immune system than conventional birds, while prioritizing nutritional quality and flavor, and resulting in a robust broiler chicken with efficient feed conversation through better gut health. “The $50 million in funding will support Cooks Venture in dramatically increasing our genetics assets and strategic implementation, a culmination of 12 years of research and development, thus improving animal welfare and supplying more nutritious and flavorful chicken, the most consumed meat in the US and the world.”Ĭooks Venture combats the lack of genetic diversity, and subsequent health and welfare issues caused by the systemic inbreeding of commercial broiler chickens. “In working with PIUS and utilizing its IP-backed financing facility, Cooks Venture has the opportunity to become the leading slow-growing broiler breeder globally and the most compelling and competitive poultry genetics company,” said Matthew Wadiak, CEO and founder of Cooks Venture. The facility, which was underwritten by PIUS and based on its evaluation of Cooks Venture’s intellectual property (IP), primarily the Company’s proprietary broiler breed, will enable the company to expand its genetics program and continue to build out infrastructure. Cooks Venture is also the largest pasture-raised poultry company in America committed to regenerative agricultural practices and the only poultry company integrated into their own breeding line. DECATUR, Ark.– Cooks Venture, an independent poultry genetics company, emerging into a market where consumers are demanding better quality meat, announced today the securing of $50 million in funding from insured technology financing pioneer, PIUS.
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