The Series A investment round, which brings the total amount invested into the Dutch food and feed maker to €26m, was led by Novo Holdings. New investors Roquette Ventures and Unovis Asset Management participated in the financing. The Protein Brewery said it will use the proceeds to build a production plant for its Fermotein product at demonstration scale. The company targets the €30bn growth market for alternative proteins.
November 4, 2020