Formo raised $61M in a Series B funding led by FoodLabs and EQT Ventures to launch its animal-free cheese products in retail stores across Germany and Austria.
Formo raised $61M in a Series B funding led by FoodLabs and EQT Ventures to launch its animal-free cheese products in retail stores across Germany and Austria.
09/10/24, 6:58 AM
Location
berlinMoney raised
$61 million
Industry
food processing
food and beverage
agriculture and farming
biotechnology
Round Type
series b
Investors
Rewe Group, The Nature Conservancy, Lowercarbon Capital, Eqt Ventures, Food Labs
German food tech startup Formo has closed a $61M Series B fundraising round, enabling the launch of its animal-free cheeses made from microbial fermentation in supermarkets. This funding will help Formo scale production and expand its international operations.
Company Info
Location
berlin, berlin, germany
Additional Info
Formo is a Berlin-based food technology startup specializing in the production of animal-free cheeses through microbial fermentation. The company focuses on precision fermentation technology to create cheese alternatives that closely mimic traditional dairy products. With a dedication to sustainability and innovation, Formo aims to revolutionize the cheese industry by providing delicious, plant-based options. Their signature product is Frischhain, a cream cheese analogue made from koji protein.