NEW TECH FOODS

Dutch foodtech company The Protein Brewery has closed a €30 million Series B funding round to accelerate the commercialisation of its mycoprotein ingredient, Fermotein, and expand its production capacity.

Terra Oleo, a Singapore-based biotechnology firm, has officially emerged from stealth mode, announcing a $3.1 million funding round backed by Breakthrough Energy Discovery.

Danish foodtech innovator Summ Ingredients, formerly known as Nutrumami, is poised to transform the food ingredients landscape with the introduction of its first multifunctional ingredient, FermiPro.

Swedish foodtech company SMAQO has closed a funding round to support the development and launch of its first hybrid mycoprotein-based products.

US climate tech company Nitricity has raised $50 million in a Series B funding round to accelerate production of its organic nitrogen fertilizer and expand operations into Europe.

Icelandic biotech company ORF Genetics has raised €5 million to expand production of its MESOkine growth-factor portfolio for the cultivated meat sector.