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.
Amount Raised
$61 Million
Round Type
Series B
BerlinBiotechnologyFood and BeverageAgriculture and FarmingFood ProcessingInvestors
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.
Quick answer
Formo raised $61 Million in a Series B round, dated September 10, 2024. Investors: REWE Group, The Nature Conservancy, Lowercarbon Capital, EQT Ventures and Food Labs. Formo is based in Berlin, Berlin, Germany.
- How much did Formo raise?
- Formo raised $61 Million in a Series B round on September 10, 2024.
- Who invested in Formo?
- REWE Group, The Nature Conservancy, Lowercarbon Capital, EQT Ventures and Food Labs are named as investors in this round.
- What does Formo do?
- Formo is a Berlin-based food technology startup specializing in the production of animal-free cheeses through microbial fermentation.
- Where is Formo based and how big is it?
- Formo is based in Berlin, Berlin, Germany.
- Who are the decision-makers at Formo?
- Fundz holds 1 contact at Formo. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Food and Beverage and Agriculture and Farming around the same time
Companies in the same sectors as Formo that raised within 45 days of this round, from Fundz verified event records.
- Novameat raised $19M (Series A) on September 12, 2024.
- MicroLub raised $4.5M (Seed) on October 22, 2024.
- Cauldron raised an undisclosed amount (Grant) on October 2, 2024.
- Foodpreneurs Hub raised $500K (Pre-Seed) on September 19, 2024.
- Lil Bucks raised $3M (Series A) on September 10, 2024.
- Climax Foods raised an undisclosed amount (Funding Round) on September 4, 2024.
Who to call at Formo, and when
A new round usually means Formo is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day Formo raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Formo, from your own LinkedIn network
Works inside ChatGPT and Claude. Ask who to call at Formo. With Fundz connected, it knows.
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Funding Insights
What this usually meansFormo raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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