Funding

[Funding alert] Berlin-based Biotech Startup Quazy Foods Secures €800k in Pre-Seed Funding

Nov 23, 2023 | By Startup Rise EU

Quazy Foods, a biotech startup based in Berlin, secures €800k in seed funding. ProVeg International, a global NGO that runs accelerator programmes to promote businesses driving change in the food system, was involved in the investment round.

Quazy Foods, a biotech startup based in Berlin, secures €800k in seed funding. ProVeg International, a global NGO that runs accelerator programmes to promote businesses driving change in the food system, was involved in the investment round.

Sprout & About Ventures is a family office impact investing organisation, and Antler is one of the busiest private early stage investors in Europe. The round also consisted of a number of business angels with a variety of experiences and robust networks of entrepreneurs.

Read also - Cambridge-based Quotient Therapeutics Secures $50M Initial Funding

Furthermore, Quazy Foods received several innovation awards from both local and European sources. With this finance, Quazy Foods will be enabled to develop its first product samples and make important strategic hires. This will enable the firm to get prepared to begin the manufacture of microalgae pilots.

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Nixe Zimmer, co-founder of Quazy Foods, commented: “Microalgae combine exceptional nutritional profiles with outstanding functional properties, which predestines them as a powerful renewable resource of the future. With Quazy Foods, we want to unleash that potential, now.”

Divya Murthy, Co-Head and Investments Lead at ProVeg Incubator, said: “Microalgae has the potential to be a powerful food ingredient with strong sustainability credentials. We invested in Quazy Foods, because we believe in Arvid and Nixe’s vision and believe that they are a stellar team.”

Frederik Brandis, associate director at Antler, added: “Quazy Foods is building world-class products to address a challenge that will define humanity in the coming decades. Finding new and innovative ways of feeding the global population could transform our eating habits and save the planet in the process. We are delighted to have backed Quazy Foods and have every confidence that the founders can realise their ambitions and bring microalgae into the mainstream.”

According to the United Nations Environment Programme, there will be a 56% increase in food consumption when the world's population reaches 10 billion by 2050. In an effort to address this growing need, there is a global hunt for plant-based diets.

Read also - Helsinki-based Linio Biotech Secures €4.2 Million in Funding

About Quazy Foods

Based in Berlin, Quazy Foods is a biotech company that produces exclusive microalgae strains for application in the food industry and other areas.

Read also - London-based Generative Engineering Secures €4 Million Pre- Seed Funding

The company creates functional ingredients that are sustainable, healthful, and competitive. The European Union co-funds two of its initiatives through its research and innovation programmes.

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