Finland

[Funding alert] Finnish Company Solar Foods Secures €8 Million in Funding

Nov 21, 2023 | By Startup Rise EU

Finnish company Solar Foods secures €8 million in funding. The remarkable success of this funding round underlines the high level of trust and confidence the investor community has placed in the company’s team and vision.

Finnish company Solar Foods secures €8 million in funding. The remarkable success of this funding round underlines the high level of trust and confidence the investor community has placed in the company’s team and vision.

Conducted through the Finnish investment organiser Springvest Oyj, Solar Foods’ funding round stands as the biggest to date on Springvest’s platform.

Read also -  Denmark-based Biotechnology Company NMD Pharma Secures €75M in Series B Round Funding

Registration was slated to run until November 10, but overwhelming demand from investors meant the funding round reached capacity almost two weeks ahead of schedule and was oversubscribed.

RECOMMENDED FOR YOU

recomd
Recent Articles
[Funding alert] Madrid-based Shakers Raises €6 Mn Seed Funding to Connect Spanish Companies
Startuprise
Oct 30, 2023
recomd
Funding
[Funding alert] SUPPLYZ Rebrands as RESONIKS and Secures Investment from Kvanted
Startup Rise EU
Nov 11, 2023
recomd
UK
[Funding alert] Web3 Infrastructure Firm Bitfinity Network Raises $7 Million in Funding
Startup Rise EU
Jan 12, 2024

Pasi Vainikka, CEO and co-founder of Solar Foods said, “We are incredibly thankful for the trust and confidence the investor community has shown in Solar Foods. This funding is more than a financial boost: it’s a mark of confidence in the future of sustainable food solutions that Solar Foods represents. We are excited to channel these resources into our new factory and amplify our impact in the food industry,”.

Read also - Tallinn-based Deeptech become Cleantech Startup Efenco Secures €4.5 Million in Funding

The capital raised will be allocated towards ramping up production at the Solar Foods´ inaugural commercial-scale production facility, Factory 01, as well as utilising new production organisms and commercialising Solein® in food products.

About Solar Foods

A protein that is transforming the global food business is called soleein. Their special natural single-cell proteins are made from air, which contains CO2, water, nitrogen, and electricity. They are not reliant on the weather or agriculture. building a sustainable food future that offers an infinite variety of proteins.

Read also - Amsterdam-based Grocery App Crisp Secures €35 Million in Funding

Recommended Stories for You

story
Uncategorized

[Funding alert] French cybersecurity Firm Nano Corp has Raises a $4.2 million Seed Round Funding

Startup Rise EU Oct 5, 2023

story
Funding

[Funding alert] Netherlands-based Keeyns Secures €10Million in Funding

Startup Rise EU Apr 1, 2024

story
Funding

Europe Weekly Startup Funding News Report For Monday, 15 July 2024 to Saturday, 20 July 2024

Startup Rise EU Jul 17, 2024

story
Recent Articles

UK-based Accenture Acquire 6point6

Startup Rise EU Nov 13, 2023

story
Funding

Codesphere funding news – Karlsruhe-based Codesphere Secures €16.5 million in Funding

Startup Rise EU May 17, 2024

story
Funding

[Funding alert] Rotterdam-based Umob Secures €6 million in Funding

Startup Rise EU Oct 5, 2023