Fundz

REDUCED raised €8M in a Series A funding round led by the European Circular Bioeconomy Fund to accelerate market expansion and develop innovative product range.

PRIVATESep 04, 2024

Amount Raised

€8 Million

Round Type

Series A

CopenhagenFood and BeverageAgriculture and Farming

Investors

European Circular Bioeconomy Fund

Description

REDUCED, a Copenhagen-based company specializing in upcycled food ingredients, has announced the second closing of its Series A funding round, bringing the total investment to €8 million. The new investment from ECBF will support REDUCED's market expansion efforts in the DACH region and enhance its innovative product range.

Quick answer

REDUCED raised €8 Million in a Series A round, dated September 4, 2024. Investors: European Circular Bioeconomy Fund. REDUCED is based in Copenhagen, Capital Region Of Denmark, Denmark.

How much did REDUCED raise?
REDUCED raised €8 Million in a Series A round on September 4, 2024.
Who invested in REDUCED?
European Circular Bioeconomy Fund is named as investors in this round.
What does REDUCED do?
Reduced is an innovative food production company.
Where is REDUCED based and how big is it?
REDUCED is based in Copenhagen, Capital Region Of Denmark, Denmark.
Who are the decision-makers at REDUCED?
Fundz holds 2 contacts at REDUCED, including the Interim Head of R&D. 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 REDUCED that raised within 45 days of this round, from Fundz verified event records.

  • BE WTR raised $45M (Series C) on October 11, 2024.
  • Permanent Agriculture raised $3.7M (Seed) on October 2, 2024.
  • Cauldron raised an undisclosed amount (Grant) on October 2, 2024.
  • Foodpreneurs Hub raised $500K (Pre-Seed) on September 19, 2024.
  • Tuggs raised $1.5M (Pre-Seed) on September 19, 2024.
  • Novameat raised $19M (Series A) on September 12, 2024.

Who to call at REDUCED, and when

A new round usually means REDUCED is about to hire and buy. The teams that reach out first get the meeting.

  • An alert the day REDUCED raises, hires an executive or expands, scored against what you sell
  • The decision-makers there, with verified emails
  • Who you already know at REDUCED, from your own LinkedIn network

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Company Information

Company

REDUCED

Location

Copenhagen, Capital Region Of Denmark, Denmark

About

Reduced is an innovative food production company. We specialise in creating high quality food products made from organic surplus produce. Our mission is to reduce food waste by using vegetables, protein and other sources of nutrition left over from the conventional food industry. Always with a focus on taste, quality and sustainability. Right now, all our time and effort is going into cooking and developing stock. Stock is one of the main elements of professional cooking as it forms the base of deep and intense flavours. Stock is also a product that allows us to use vegetables and protein from alternative sources. Hence, we use “ugly” vegetables supermarkets have rejected, seaweed, and bull calf bones in our recipes. All produce that traditionally wouldn’t be used in conventional food production due to its texture, shape, size or colour. But this doesn’t matter to us. As long as the quality is high, and the taste is on point – we use it. We want to keep developing and challenging how we think of produce and food products. So far we’ve learnt this takes time and can be frustrating. But hopefully our approach to food production can contribute to the reduction of food waste and bring healthy products into the kitchen and homes of many.

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Fundz sees it the moment REDUCED raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.

Related People

2 contacts
Verified contactsRebecca R., Interim Head of R&D hiddenSee plans and pricing
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Funding Insights

What this usually means
Typical timeline to Series B
Series A companies typically raise their next round in 10-18 months

REDUCED 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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