Breda, the Netherlands, The Protein Brewery, an organization specialised in fungi-based meals substances, has secured €30M in a Sequence B spherical.
Contentlockr
The spherical noticed new buyers Make investments-NL and the Brabant Improvement Company (BOM), alongside present buyers Novo Holdings, Unovis Asset Administration, and Madeli.
Daan Meijer, Funding Supervisor at Make investments-NL, says, “With its distinctive fermentation-based resolution, The Protein Brewery stands out within the different protein house and strengthens the Netherlands’ management in meals innovation. As a Dutch firm driving the protein transition, The Protein Brewery is setting a brand new commonplace in sustainability, a imaginative and prescient we’re proud to assist.”
The announcement comes 4 years after elevating capital within the Sequence A spherical.
Fund utilisation
The brand new funding will allow the corporate to boost its gross sales and software experience to higher assist meals producers.
The Dutch firm will use the funds to commercialise Fermotein in the US and Europe to advertise development in vital market segments.
Moreover, the corporate will develop manufacturing on the Mijkenbroek facility to make sure readiness for large-scale operations.
Lastly, The Protein Brewery goal to develop the Fermotein innovation platform to discover new alternatives in vitamin and product functions.
“This funding is a springboard for international growth. With Fermotein, we aren’t simply providing one other protein – we’re redefining how meals is made: nutritious, sustainable, and scalable at a decrease value. The Protein Brewery is able to lead the protein and fibre transition,” says Thijs Bosch, CEO of The Protein Brewery. “We at the moment are getting into a defining second: all constructing blocks of operation are in place, and we’re able to speed up.”
The Protein Brewery: Creating nutritious meals substances
Based in 2020 and led by Thijs Bosch, The Protein Brewery develops nutritious meals substances produced from fungi.
The corporate focuses on sustainable meals sources utilizing fermentation applied sciences. It employs varied methods, together with molecular biology, fermentation, and analytical strategies.
The corporate’s product — Fermotein is a high-protein, high-fibre ingredient that integrates seamlessly into baked items & snacks, dairy options like yoghurts and dietary merchandise like protein shakes, useful bars and meal alternative drinks attributable to its tasteless and odourless nature.
Simple to scale up
Fermotein’s manufacturing course of is less expensive than many different proteins, making it simpler to scale up manufacturing.
The scalability is primarily attributable to The Protein Brewery’s distinctive fungal pressure used for mycoprotein.
This patented course of requires much less funding and allows reasonably priced manufacturing, addressing challenges which have affected the expansion of other proteins.
Fermotein additionally supplies high-quality protein and important fibres. The Protein Brewery is learning its potential results on satiety and metabolic well being, particularly associated to GLP-1 pathways.
The Protein Brewery is launching Fermotein with a number of clients within the USA within the coming months and can also be increasing its enterprise in Singapore.
The business group can also be making ready for market launch within the EU and UK, which is able to comply with as soon as the regulatory approval is in place.
