Israel-Based Brevel Lands $18.5M To Develop Microalgae-Based Alternative Proteins
07/25/23, 12:56 PM
Location
Money raised
$18.5 million
Industry
food processing
food and beverage
biotechnology
Investors
European Union’s Eic Fund, Neva Team Partners
Brevel, an Israeli startup developing microalgae into an alternative protein, has netted $18.5 million in seed funding. The round includes $8.4 million converted from grants and convertible loans into shares. The round was led by NevaTeam Partners and supported by the European Union’s EIC Fund (that recently backed Woodio), as well as other leading food and climate funds and strategic partners from within the food industry.
Company Info
Location
tel aviv, tel aviv district, israel
Additional Info
Providing sustainable protein for a better future on this planet.
Brevel's unique microalgae based protein is flavor and color neutral, has a full amino-acid profile, is highly functional and is affordable for the food industry.
Thanks to our breakthrough technology, we introduce a paradigm shift to the microalgae and the plant based protein industries.