… nets another €4.3m funding
02 Dec 2020 — Solar Foods – a food tech start-up producing protein using air and electricity from raw materials – has been granted €4.3 million (US$5.1 million) of new financing from Business Finland.
This funding supports the start-up’s €8.6 million (US$10.3 million) development project for commercializing its natural protein “made from thin air,” called Solein.
It is a complete sustainable protein with all the essential amino acids that is light in both taste and appearance. It vanishes into daily meals while maintaining its nutritional value. It’s tipped as providing “exciting opportunities for entirely new foods of tomorrow.”
Business Finland’s – a Finnish government organization backing innovation – takes Solar Foods’ total financing to €24.8 million (US$30 million).
Team of scientists at Solar Foods.It closely follows a €15 million (US$18 million) financing round for the Finnish food tech start-up in September, propelling operations for the production of Solein, hailed as an entirely new kind of nutrient-rich protein.
The company can now push ahead with its planned production facility scheduled to be operational in late 2022.
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