Edonia Raises €15 Mn to Expand Its Spirulina-Based Protein Ingredient

The funding round was led by SWEN Blue Ocean 2, Asterion Ventures and EIT Food. Edonia will use the investment to scale up production of Edo®, its main ingredient, and expand its use across the food industry.

“We firmly believe that microalgae can feed the world in a different way, and our successful step from pilot to large scale production proves that there are applications far beyond nutraceuticals, particularly in the ready-to-use protein ingredients market. Edonia is developing the new category of nutritious, minimally processed whole foods plant-based proteins. These essential and versatile ingredients can be used by industrial manufacturers on a large scale and at competitive prices." – Hugo Valentin, Co-Founder of Edonia

"We've proven that a whole food protein can outperform the animal on nutrition and compete on price, at real volume, with real clients. This funding gives us the resources to turn our promise into verified proof.” – Hugo Valentin, Co-Founder of Edonia

Marine Reygrobellet, Partner at Asterion Ventures: “From the beginning, the Edonia team built a solid commercial pipeline even before the factory was up and running, a fact that speaks volumes about both the product's quality and the team's vision and sales capabilities. We are delighted to continue supporting Edonia in this next phase, alongside SWEN.”

Edonia is a B2B food ingredient company founded in 2023. It has developed a technology called Edonization®, which turns microalgae into Edo®, a protein-rich food ingredient made from spirulina.

Edo® is designed for food manufacturers and foodservice businesses. It contains high levels of protein and is made without added flavours or texturizers. In 2024, Edonia raised its first €2 million funding round to support the growth of its spirulina-based business.

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