On surviving Corporate VC Due Diligence and the 1% Conversion Rate Reality - Tomas Turner, Cosaic

*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, provide astringency masking, and function as egg/dairy replacements.
* *Milestone:*Closed a $6M funding round led by DSM-Firmenich Venturing, supported by existing investors (Navus Ventures, Founderful) and a new Swiss Family Office.

*Blurb*

*Cosaic* is a science-driven ingredients company building resilient food systems that keep pace with evolving consumer demand. Powered by a fast-moving team of scientists, engineers, and business builders, Cosaic combines rigorous in-house R&D — including an advanced pilot lab for real-condition testing — with a relentless commitment to continuous optimization. They don't just claim what their ingredients can do; they know it. Ambitious by nature and customer-centric by design, Cosaic works alongside food industry partners to deliver solutions that push the boundaries of what's been imagined possible.

Видео On surviving Corporate VC Due Diligence and the 1% Conversion Rate Reality - Tomas Turner, Cosaic канала FoodTech Weekly