Fundz

Solar Foods Raises €8 Million Series B To Develop Food From Air

PRIVATENov 20, 2023

Amount Raised

€8 Million

Round Type

Series B

FinlandManufacturingBiotechnologyFood and Beverage

Investors

Springvest Oyj

Description

Today Finnish company Solar Foods has successfully concluded its Series B funding round, raising €8 million from retail investors in Finland

Quick answer

Solar Foods raised €8 Million in a Series B round, dated November 20, 2023. Investors: Springvest Oyj. Solar Foods is based in Finland.

How much did Solar Foods raise?
Solar Foods raised €8 Million in a Series B round on November 20, 2023.
Who invested in Solar Foods?
Springvest Oyj is named as investors in this round.
What does Solar Foods do?
Solar Foods has developed a proprietary microbe that feeds on carbon dioxide (CO2) and hydrogen to grow a high-protein food ingredient called Solein®.
Where is Solar Foods based and how big is it?
Solar Foods is based in Finland.
Who are the decision-makers at Solar Foods?
Fundz holds 2 contacts at Solar Foods, including the Chief Executive Officer. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Food and Beverage and Manufacturing around the same time

Companies in the same sectors as Solar Foods that raised within 45 days of this round, from Fundz verified event records.

  • Liquidia raised $100M (Funding Round) on January 4, 2024.
  • CardioMech AS raised $13M (Funding Round) on January 2, 2024.
  • Novabay raised $555K (Seed) on December 21, 2023.
  • CardioMech AS raised $13M on December 20, 2023.
  • Allurion Technologies raised $123K (Pre-Seed) on December 18, 2023.
  • PlasmaGen Biosciences raised $27M on December 14, 2023.

Who to call at Solar Foods, and when

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

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

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Company Information

Company

Solar Foods

Location

Finland

About

Solar Foods has developed a proprietary microbe that feeds on carbon dioxide (CO2) and hydrogen to grow a high-protein food ingredient called Solein®. In December 2022, Solar Foods received €34 million in grant funding to support the construction of its first commercial scale facility, Factory 01, scheduled to be operational in the first half of 2024.

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Related People

2 contacts
Verified contactsRami J., Chief Executive Officer hidden hiddenSee plans and pricing
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Funding Insights

What this usually means
Timeline to next round
Series B companies typically work for 15-20 months before raising new capital
Growth expectations
Series B companies are expected to scale rapidly and expand market reach

Solar Foods raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

145 of these a day, filtered to the companies you pick, with the decision-maker attached.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.