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.

Sep 10, 2024•over 1 year ago

Amount Raised

$61 Million

Round Type

series b

BerlinFood ProcessingFood and BeverageAgriculture and FarmingBiotechnology

Investors

Rewe GroupThe Nature ConservancyLowercarbon CapitalEqt VenturesFood Labs

Description

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 Information

Company

Formo

Location

Berlin, Berlin, Germany

About

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.

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Funding Insights

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