Climax Foods secured bridge funding from existing investors to extend its runway through the year-end after a difficult period.
Climax Foods secured bridge funding from existing investors to extend its runway through the year-end after a difficult period.
09/04/24, 4:26 PM
Location
berkeleyIndustry
food processing
food and beverage
agriculture and farming
Investors
Bel Group, Climate Capital, At One Ventures
Climax Foods, a plant-based cheesemaker, has secured bridge funding to continue its operations following staff furloughs and layoffs. The funding will help the company restructure and hire new roles for commercial initiatives.
Company Info
Location
berkeley, california, united states
Additional Info
Climax Foods is a plant-based cheesemaker founded in 2019 by Dr. Oliver Zahn. The company focuses on developing innovative dairy alternatives, including their signature blue cheese, and is transitioning from an R&D phase to various commercial rollouts. They aim to expand their offerings in partnership with Bel Group, which includes creating plant-based versions of iconic cheese brands. Despite challenges in raising funds and management restructuring, Climax Foods is focused on achieving profitability in the near future.