About this episode

Tomas Turner discusses the challenges of Corporate VC due diligence and the realities of fundraising in the FoodTech sector.

Episode 98: Cosaic: Tomas Turner on surviving Corporate VC Due Diligence and the 1% Conversion Rate Reality In this episode, I sit down with Tomas Turner, CEO and Co-founder of Cosaic, a biomass fermentation startup producing highly functional yeast-based ingredients to replace additives, milk, and eggs. Tomas walks us through the grueling realities of closing a $6M round led by DSM-Firmenich’s CVC arm. We discuss why Corporate VC due diligence is fundamentally different—and far more rigorous on IP and Tech—than standard VC vetting. Tomas also opens up his fundraising pipeline, revealing the raw math required to close a multi-million dollar Seed round today: 250 targets, 60+ initial meetings, and countless rejections just to secure three new investors. 🎧 Listen to the full episode to hear Tomas explain the "pharma model" of FoodTech and why you should never try to negotiate a corporate term sheet with lawyers in the room. Key Facts Eatable Adventures: Tomas Turner: https://www.linkedin.com/in/tomas-turner95/ Website: https://www.cosaic.bio/ Headquarters: Horgen, Switzerland Goal: To utilize biomass fermentation to curate clean-label fat and protein fibers that mask off-notes…

People in this episode

Host: Alex Shandrovsky

Guest: Tomas Turner

Topics covered

• Corporate VC
• Due Diligence
• Fundraising
• FoodTech
• Biomass Fermentation
• Investment

Keywords

• Corporate VC
• Due Diligence
• Fundraising
• FoodTech
• Biomass Fermentation
• Investment
• Cosaic
• Tomas Turner
• Seed round
• Yeast-based ingredients

Mentioned in this episode

Organizations: Cosaic, DSM-Firmenich, Navus Ventures, Founderful

Places: Switzerland, Horgen

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