Matr Foods, a Danish food-tech start-up, has successfully raised €40 million to enhance the production of its organic, fermented plant-based meat alternatives. This funding, comprising €20 million in Series A equity and €20 million in venture debt, marks a significant milestone for the company in scaling up its operations. The investment, led by existing investor Novo Holdings and the Export and Investment Fund of Denmark (EIFO), along with debt from the European Investment Bank (EIB), will facilitate the expansion of Matr Foods’ fermentation process at its Ansager site in Jutland, Denmark.
The company, founded in Copenhagen in 2021, specializes in utilizing traditional fungal fermentation techniques to create meat alternatives from locally sourced ingredients such as oats, split peas, lupins, beetroots, and potatoes. These products are known for their juicy texture, meaty umami flavor, and sustainable production methods without the use of additives or heavy processing. Matr’s flagship product, Matr Fungi Mince, is a protein and fiber-rich option with a significantly lower carbon footprint compared to traditional meat, aligning with the growing demand for environmentally friendly protein sources.
The planned scale-up of Matr Foods’ production line is set to increase output to 4,000 tonnes per year by early 2027, creating 60 new jobs locally and catering to consumers in Germany, Switzerland, and Denmark. Randi Wahlsten, the CEO of Matr, expressed gratitude for the overwhelming support from customers and chefs eager for their organic, clean label plant-based products. The company aims to meet the rising demand for innovative protein alternatives that offer both gastronomic appeal and sustainable attributes.
With a focus on delivering nutritious and environmentally conscious food options, Matr Foods’ approach underscores the broader trend within the food industry towards plant-based and fermented foods. The rising popularity of such products reflects a shift in consumer preferences towards healthier and more sustainable dietary choices. By leveraging fermentation techniques and locally sourced ingredients, Matr Foods exemplifies the innovative solutions emerging in the food-tech sector to meet the evolving needs of conscious consumers.
As the company prepares to expand its production capacity and reach new markets, the successful fundraising round not only secures its growth trajectory but also highlights the increasing investor interest in sustainable food technologies. The collaboration with prominent investors and financial institutions signifies the recognition of Matr Foods’ potential to disrupt the traditional meat industry and lead the way in offering viable alternatives that prioritize health, sustainability, and taste.
In conclusion, Matr Foods’ recent funding achievement signifies a significant step towards revolutionizing the plant-based food industry through organic, fermented meat alternatives. With a commitment to innovation, sustainability, and culinary excellence, the company is well-positioned to meet the surging demand for plant-based protein products while setting new standards for environmentally friendly food production.
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