Funding

[Funding alert] Amsterdam-based Farmless Raises €4.8M in Seed Funding

Dec 9, 2023 | By Startup Rise EU

Amsterdam-based Farmless raises €4.8M in seed funding. Prior to this round, the firm came out of stealth in May 2023, having raised €1.2M in a pre-seed round walked by investors including Possible Ventures, Revent, and Nucleus Capital.

Amsterdam-based Farmless raises €4.8M in seed funding. Prior to this round, the firm came out of stealth in May 2023, having raised €1.2M in a pre-seed round walked by investors including Possible Ventures, Revent, and Nucleus Capital.

Revent participated in the venture, which was co-led by World Fund and Vorwerk Ventures. The company Farmless, which produces functional proteins with an entire amino acid profile and is environmentally benign, intends to build a prototype protein brewery in Amsterdam with the money it receives. The funding will also help with continuing regulatory approval processes and the development of the startup's fermentation platform.

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Dr Nadine Geiser, Principal at World Fund says, “Moving away from sugar as a feedstock for fermentation represents a significant opportunity to reduce CO2 emissions of fermentation-based food production. At the World Fund, we only invest in startups with the greatest climate performance potential – and there is a significant need to reduce emissions in the farming, agriculture and land use category (FALU). The FALU category is responsible for around 22 per cent of emissions globally, but receives just 12 per cent of venture funding for climate, so it’s critical we back more startups like Farmless, which has the potential to drastically reduce land use from agriculture, and to improve biodiversity globally.”

Adnan Oner, founder of Farmless says, “In today’s unpredictable world, where climate change threatens crop yields, our fermentation platform offers an antifragile solution for food security. This allows any country to take control of their protein production, without the need for fertile land. If we unlock the protein-producing powers of the microbial kingdoms we can create a future worth getting excited about. We can have an abundant, cruelty-free food supply and rewild the world, restore forests, all while drawing down gigatonnes of CO2 from the air. We’re excited to see that we had overwhelming investor interest in this round. We’re thrilled to have found investors who share our sense of urgency in creating dramatically better ways of producing proteins on a planetary scale,”

About Farmless

Farmless have been relying on huge tracts of land to grow their food for far too long. To prepare the land for (animal) agriculture, they cut down the forests, tilled and ploughed the land, and degraded the soil.

Read also - Munich-based Scalable Capital Secures €60M in Series E Extension Round Funding

Their food system's uncontrolled and unsustainable growth has resulted in a catastrophic loss of biodiversity on Earth, threatening the extinction of several species by destroying their natural habitats.

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