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Belgian food-tech startup Paleo raises $2.3M led by Beyond Impact to advance animal-free myoglobin toward US regulatory approval.
PRIVATESep 02, 2026•6 days ago
Amount Raised
$2.3 Million
Round Type
Seed
AustriaBiotechnologyFood and BeverageFood Processing
Investors
Beyond Impact
Description
Paleo, a Belgian food-tech startup, has raised €2 million ($2.3 million) in funding led by Beyond Impact. The capital will support regulatory submissions in North America, customer trials, and formulation work for its precision fermentation-produced myoglobin. The company has achieved a 613-fold reduction in production costs over two years. Myoglobin is an iron-rich protein critical to meat's color and flavor that Paleo recreates without animals using yeast fermentation.
Company Information
Company
Revo Foods and Paleo
Location
Austria
About
Revo Foods is a European food-tech start-up based in Vienna, Austria, that produces vegan seafood alternatives using proprietary 3D structuring technology. Paleo is a Belgian food-tech company specializing in animal-free fermentation process to produce precision-fermented myoglobin for plant-based meat alternatives.
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AustriaBiotechnologyFood and BeverageFood Processing