– NETHERLANDS, Breda – The Protein Brewery, an innovative developer of protein-rich food ingredients, replacing animals in the food chain, today announced the company has raised a € 22 million Series A investment round led by Novo Holdings, joined by new investors Roquette Ventures and Unovis Asset Management, bringing its total funding to date to € 26 million.
Concurrent with the financing, the new investors will each be represented in the Supervisory Board; Thomas Grotkjær of Novo Holdings, Edouard Nuttin of Roquette Ventures, and Kim Odhner of Unovis Asset Management.
This diverse set of investors comprise global expertise in life-science and plant-based ingredients, a true focus on sustainable fermentation processes, and a widespread, relevant network.
The Protein Brewery was founded in January 2020, resulting from a demerger of BioscienZ, an industrial biotechnology company developing new technologies based on microbial fermentation as a core competence. It was founded in 2010 by Wim de Laat, a molecular scientist with over 30 years’ experience in industrial fermentation. The Series A funding will enable The Protein Brewery to continue its R&D, cover operational costs as well as scaling up production of the Fermotein food ingredient. The Protein Brewery has already gained a lot of experience from the smaller-scale production of Fermotein.
Wim de Laat, founder of The Protein Brewery: “Providing food for a population of 10 billion people by 2050 demands alternative scenarios. By continuously driving new technologies we can face such challenges. It is an important driver in our mission to contribute to a more sustainable world, developing novel ways of producing food proteins using fermentation technologies.
The financial support and domain expertise of the investors in The Protein Brewery, are key milestones in executing our goals even more rapidly and broadly. It provides headway to take the next important step and move towards the realization of a pilot plant, demonstrating the process, the properties, and benefits of our innovative and nutritious food ingredient. It is paramount in the development of our company to continue the journey with committed shareholders who share the know-how, drive, and enthusiasm for producing natural-based food.”
Thomas Grotkjær, Principal at Novo Holdings: “On behalf of the syndicate I would like to share our excitement of being involved in The Protein Brewery and their breakthrough fermentation technology. The Fermotein product is nutritious, has a very sustainable profile, and is applicable to a wide range of products demanded by consumers. With this product, the company is entering a fast-growing alternative protein market. We look forward to growing the company commercially with Wim and his team and the other investors.”
The Protein Brewery meets the criteria the investors look for in investment in this space, while the investors’ experience makes it a strong syndicate for The Protein Brewery.
Roquette Ventures, an investment company and liaised with a specialist food producer, has a strategic focus on innovative ways to feed the future while unlocking the potential of nature.
Unovis Asset Management, an experienced investor in alternative proteins, seeks opportunities that disrupt conventional animal agriculture while providing wellness to all living beings. Novo Holdings, a scientifically-driven investor with deep knowledge of fermentation processes, is especially interested in the state-of-the-art quality The Protein Brewery offers, which is superior to all current options in the marketplace.
About The Protein Brewery
The Protein Brewery, an innovative developer of protein-rich food ingredients, replacing animals in the food chain, was founded in January 2020 as a demerger of BioscienZ BV and is in the process of commercializing protein products made by fermentation technologies. The company has access to a broad toolbox including Molecular Biology, Fermentation, Analytical tools, and Down Stream Processing technologies. TPB is headquartered in Breda, the Netherlands, working with a team of 20 professionals.
For more information: https://www.theproteinbrewery.nl/
About Novo Holdings
Novo Holdings is recognized as a leading international life science investor, with a focus on creating long-term value. As a life science investor, Novo Holdings provides seed and venture capital to development-stage companies and takes significant ownership positions in growth and well-established companies. Novo Holdings also manages a broad portfolio of diversified financial assets.
For more information: https://www.novoholdings.dk/
About Roquette Ventures
Roquette Ventures is an investment company, founded in 2015. The company invests in inspiring, passionate and forward-looking teams and in projects that develop the best natural-based innovations for food, nutrition, and health markets. Pioneering innovations, anywhere in the value chain. As a long-term strategic partner, Roquette Ventures helps the companies it invests in to accelerate product development and boost growth.
For more information: https://www.roquette.com/roquette-ventures
- Disclaimer - News, data, and statements included in this release are intended exclusively for general information purposes. Talent4Boards does not guarantee that news is accurate or about the correct person and accepts neither liability for the consequences of the reader’s reliance, nor responsibility for the accuracy of the information. Nothing in this release should be considered for decisions about referred securities. Products and brand names may be trademarks or registered trademarks of their respective owners.
