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TurtleTree

Food · Sacramento, United States · Founded 2019

Creating real milk in full composition, functionality, and taste using cell-based tech MoreLess

TurtleTree is a biotechnology company focused on cellular agriculture, initially gaining attention for its work in producing milk from cell cultivation.

The company was co-founded in 2019 by CEO Fengru Lin and Chief Strategist Max Rye. Lin's background in the technology and business development sectors, including roles at Google and Salesforce, provided a strong foundation for launching a science-intensive startup. Her personal journey with dairy, stemming from a desire for better-tasting cheese, evolved into a deep dive into the dairy industry's inefficiencies and environmental impact, ultimately sparking the idea for TurtleTree. Rye brings extensive experience in technology and design, having founded and managed multiple tech companies over two decades. His interest in sustainable food systems converged with Lin's vision to create the company.

TurtleTree's primary technological focus is on precision fermentation to create high-value, bioactive proteins that are biologically identical to those found in milk. The company has strategically shifted its initial focus from producing whole milk to commercializing specific valuable milk components. Its flagship product is LF+, a vegan lactoferrin. Lactoferrin is a protein with significant health benefits, including iron regulation, immune support, and gut health, making it a prized ingredient in infant formula, functional foods, and dietary supplements. By producing lactoferrin through fermentation, TurtleTree offers a solution that is not dependent on the fluctuating supply and costs associated with traditional extraction from cow's milk.

The business operates on a business-to-business (B2B) model, supplying its ingredients to companies in the food and beverage, infant nutrition, and health and wellness sectors. By providing these high-value components, TurtleTree enables its clients to enhance the nutritional profile of their own products, from plant-based milks and foods to performance nutrition and cosmetics. The company has achieved significant milestones, including securing a self-affirmed Generally Recognized as Safe (GRAS) status in the US for its LF+ product, a crucial step for commercialization. TurtleTree has raised substantial capital through various funding rounds, including a $30 million Series A in 2021, to scale its operations and advance its research and development capabilities.

Keywords: precision fermentation, cellular agriculture, lactoferrin, B2B ingredients, food technology, bioactive proteins, sustainable food, infant nutrition, functional foods, biotechnology

Company overview

TurtleTree company information

The essential company record, classifications and operating signals in one place.

Status
Operational
Founded
2019
Headquarters
Sacramento, United States
Employees
18
Open positions
None listed
Dealroom signal
66.1
client focusb2btechnologyDeep Techsub industryInnovative Foodbusiness modelManufacturingsectorBiotechnologysectorBacteriasectorBreastfeedingsectorCultivationsectorNutritionsectorSynthetic BiologysectorAlternative ProteinsectorSustainable Development GoalssectorDairy SubstitutesectorIngredient

Valuation & funding

TurtleTree funding history

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
LATE VCEquity / VC Jul 2026 $0 Steve Melhuish · Wavemaker Impact · Mitsui Chemicals · CX100
SERIES AEquity / VC Nov 2021 $33M $390M Artesian Capital Management · DTC Ventures · SHOSHIN8 · VERSO Capital
EARLY VCEquity / VC Jul 2021 $100K $400K Undisclosed
GRANTOther financing Jul 2021 $1M Temasek Foundation · The Liveability Challenge
EARLY VCEquity / VC Dec 2020 $6.2M $25M VERSO Capital · Eat Beyond Global · KBW Ventures · Green Monday
CONVERTIBLEEquity / VC Nov 2020 VERSO Capital
SEEDEquity / VC Jun 2020 Artesian Capital Management · CPT Capital · Green Monday · New Luna Ventures
SEEDEquity / VC Jan 2020 K2 Global · KBW Ventures · XA Network · Lever VC
Showing 8 recorded eventsUnlock the complete deal history →

Financials

Workforce over time

Available workforce history. Financial fields without reported data are omitted.

YearEmployees
2026 18
2025 20
2024 47
2023 61
2022 51
2021 30
2020 20
Company filings, research estimates and Dealroom dataOpen the full financial model →

Growth signals

TurtleTree website traffic

Latest recorded traffic for TurtleTree is 4.9K monthly website visits, down 59.2% over the last three months. TurtleTree's team declined 10% over the past year.

Latest monthly visits4.9K 3-month web change-59.2% 1-year team growth-10%
Monthly website visits53 observations · Jan 2020–Jul 2026
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Comparisons

TurtleTree compared with similar companies

Dealroom’s weighted taxonomy model identifies the closest operating peers. Company identity and context stay open; selected comparison metrics preview what is available in the platform.

Showing 8 of the closest matchesCompare every metric →

Talent graph

TurtleTree's talent

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Team profiled 13 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 2 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Investors

33 investors on TurtleTree's cap table

Sourced from Dealroom's funding and investor records. Investor profile links are shown where available.

Seed 10 investors entered at this stage
K2 Global
KBW Ventures
XA Network
Lever VC
Artesian Capital Management
CPT Capital
Green Monday
New Luna Ventures
Temasek Foundation
The Liveability Challenge
Series A 5 investors entered at this stage
VERSO Capital
Eat Beyond Global
DTC Ventures
SHOSHIN8
Proioxis Ventures
Series B+ 5 investors entered at this stage
Steve Melhuish
Wavemaker Impact
Mitsui Chemicals
CX100
Novonesis
Other known 13 additional known investors
Aboud Khaddam
Anna Sweet
Chaos Ventures
Daniel Baumslag
Good Startup
Julien MACHOT
Namrata Rastogi
North Shore InnoVentures
Ozi Amanat
Planet Rise
Plug and Play
Technology Pioneers | World Economic Forum
Unreasonable Group

Global footprint

Where TurtleTree has talent and traffic

Workforce by country
7 countries with
team presence
🇺🇸 United States40%
🇸🇬 Singapore26.7%
🇮🇩 Indonesia6.7%
🇦🇪 United Arab Emirates6.7%
🇵🇰 Pakistan6.7%
Top 5 of 7 shown

In the news

Latest news about TurtleTree

Recent press, funding announcements, and product moves mentioning TurtleTree — open to read from the original sources.

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Market sentiment

What the market is saying about TurtleTree

An AI-synthesized read of the highest-engagement posts about TurtleTree on X over the past 7 days. We rank by likes & retweets, ignore corporate channels, and surface the themes that broke out from real people.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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