Novameat, a Barcelona, Spain-based sustainable food technology company, raised €17.4M in Series A funding.
The round was led by Sofinnova Partners and Forbion via its BioEconomy Fund and followed a reinvestment from Unovis Asset Management, Praesidium and Rubio Impact Ventures.
The company intends to use the funds to further scale production through its MicroForce technology, launch an expanded product range, and boost global market reach and commercial activities
Led by CEO Giuseppe Scionti, Novameat is creating sustainable plant-based meats with a fibrous texture. Its team combines advanced food science with culinary expertise to develop proprietary texture-building technology, scaling the principles of 3D printing at industrial level. Since its inception, the company has introduced innovative products across Europe, industrially scaled its proprietary MicroForce technology, which creates the signature texture in its products, and modified its production facility to meet BRCGS requirements.
FinSMEs
12/09/2024