Gates’ Investment in Startup Firm Is Not Related to Baby Formula Shortage

Posted on AllSides May 19th, 2022
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A fund backed by Bill Gates has invested in a startup working to develop lab-manufactured breast milk, but it won’t reach the market for several years. Yet, social media posts make baseless claims that Gates is behind the current baby formula shortage — which stems from supply-chain issues and the shutdown at a major manufacturing plant.

Breakthrough Energy Ventures, a fund backed by Bill Gates that invests in climate-friendly technologies, in 2020 led a $3.5 million round of financing for BIOMILQ, a startup working on reproducing human breast milk using mammary cells....

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