We’re thrilled to announce that Formo, the Berlin-based fermentation startup revolutionizing the cheese industry, has raised an impressive €61 million in their latest funding round!

This significant Series B investment, led by Elevat3 Capital and supported by a roster of notable investors including EQT Ventures, Happiness Capital, and Lowercarbon Capital, marks a major milestone for Formo and the future of sustainable food production.

Key Highlights:

1. Innovative Technology: Formo uses micro fermentation and koji protein to create animal-free cheeses that rival traditional dairy in taste and texture.

2. Market Expansion: The funding will support Formo’s expansion into new markets and the launch of their koji-based products.

3. Retail Success: Formo’s cheese products are now available in over 2,000 stores across Germany and Austria.

4. Future Plans: The company aims to launch hard cheeses featuring animal-free casein produced via precision fermentation by 2025.

5. Environmental Impact: By offering sustainable alternatives to traditional dairy, Formo is addressing critical climate challenges in the food industry.

This funding round not only validates Formo’s innovative approach but also signals growing investor confidence in climate-friendly food technologies. As Formo continues to scale and innovate, they’re poised to make a significant impact on the global cheese market and contribute to a more sustainable food future.

For more details, check out these articles:

– AFN’s coverage: https://bit.ly/3XrshCh

– TechCrunch’s analysis: https://techcrunch.com/2024/09/09/formo-gets-investors-mouths-watering-with-koji-protein-based-animal-free-cheese/

– The Cell Base’s report: https://www.thecellbase.com/news/formo-closes-61-million-series-b-round

Congratulations to the Formo team on this remarkable achievement!