Brevel, a Kiryat Gat, Israel–based climate food-tech company, raised over US$5M in Seed funding.
Backers included NevaTeam Partners, Siddhi Capital, European Union’s EIC Fund, Good Protein Fund, The Food Tech Lab and PVS Investments. The round brought the total investment in the round to US$25M.
The company intends to use the funds to accelerate its go-to-market strategy and develop microalgae proteins for multiple food and beverage applications.
Founded by three brothers Yonatan, Ido and Matan Golan, Brevel is a climate food-tech company developing patented technology that combines an advanced fermentation process using light to cultivate microalgae, which then is converted to a concentrated, highly nutritious whole-protein powder.
The new facility covers 27,000 square feet (2,500 square meters) and has the capacity to produce hundreds of tons of microalgae protein powder annually to serve the flourishing global alternative protein space.
The company’s recent achievements include: completion of the commercial factory (FOAK), scale-up of the technology to a commercial production volume of 5,000L, securing a commercial and joint-development agreement with The Central Bottling Company (CBC Group), and advancements of Brevel’s protein and polar lipid ingredient developments.
The raise brought the total amount to US$25M.
FinSMEs
01/04/2025