TLDR:
Key Points:
- Cultivated Biosciences, a Swiss biotech food startup, secured €4.6 million in seed funding to develop yeast cream for alternative dairy products.
- The funding round was led by Navus Ventures and included early investors like Founderful, HackCapital, and new investors like Joyful VC and Zürcher Kantonalbank.
Cultivated Biosciences, based in Zurich, has raised €4.6 million in seed funding to further develop their yeast cream aimed at making alternative dairy products more appealing to traditional consumers. The funding round, led by Navus Ventures, included participation from early investors like Founderful and HackCapital, as well as new investors like Joyful VC and Zürcher Kantonalbank.
CEO Tomas Turner stated that the funding will enable them to introduce their yeast cream to the market and tap into the multi-billion dollar market opportunity. The yeast cream, a fermentation-derived ingredient, is set to revolutionize the dairy-free sector by offering a sustainable and healthy alternative to traditional dairy products. The company’s unique and patented technology allows them to mimic the creaminess, functionality, and color of traditional dairy cream without the use of additives or exotic oils.
By collaborating with the food industry and gastronomy sectors, Cultivated Biosciences aims to supply their yeast cream to consumer markets by 2025. With a focus on scaling up production, the company is positioned to make a significant impact on the alternative dairy market, catering to diverse consumer preferences.
