Israel-Based Brevel Lands $18.5M To Develop Microalgae-Based Alternative Proteins
Amount Raised
$18.5 Million
Round Type
Funding Round
Kiryat GatBiotechnologyFood And BeverageFood ProcessingInvestors
Description
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.
Quick answer
Brevel raised $18.5 Million in a Funding Round round, dated July 25, 2023. Investors: European Union’s EIC Fund and Neva Team Partners. Brevel is based in Kiryat Gat, South District, Israel.
- How much did Brevel raise?
- Brevel raised $18.5 Million in a Funding Round round on July 25, 2023.
- Who invested in Brevel?
- European Union’s EIC Fund and Neva Team Partners are named as investors in this round.
- What does Brevel do?
- Brevel is a climate food-tech company, developing a solution that addresses the expanding demand for nutritious, eco-friendly, and alternatives to animal protein.
- Where is Brevel based and how big is it?
- Brevel is based in Kiryat Gat, South District, Israel. Fundz records about 34 employees.
- Who are the decision-makers at Brevel?
- Fundz holds 1 contact at Brevel. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Food And Beverage and Food Processing around the same time
Companies in the same sectors as Brevel that raised within 45 days of this round, from Fundz verified event records.
- Just Egg raised an undisclosed amount (Funding Round) on September 1, 2023.
- Everytable raised $25M (Funding Round) on June 27, 2023.
- Adamo Foods raised an undisclosed amount (Funding Round) on June 23, 2023.
- ProMIS Neurosciences raised $20M (Post-IPO Equity) on September 8, 2023.
- Grit Biotechnology raised $60M (Series B) on September 8, 2023.
- Porosome Therapeutics raised $2.5M (Seed) on September 8, 2023.
Who to call at Brevel, and when
A new round usually means Brevel is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day Brevel raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Brevel, from your own LinkedIn network
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Related People
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