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Dutch firm Rival Foods secures €10M to boost clean-label plant-based meat production
- Dutch food-tech company Rival Foods secures €10M in Series B funding round.
- New investors in the funding round include APG, Pymwymic, ROM Utrecht Region, and existing investor PeakBridge.
- Pymwymic is a community of European wealth holders backing sustainable investments.
- Funding will enable Rival Foods to double production capacity, scale manufacturing technology, and reduce production costs.
- Rival Foods addresses challenges in plant-based meat market like high prices and undesirable taste with patented technology.
- Plant-based meat only accounts for 5% of meat consumption in Europe.
- Investment marks a milestone in Rival Foods' mission to mainstream high-quality plant-based meat.
- Rival Foods, founded in 2019, focuses on supplying whole-cut plant-based products to chefs and food service providers.
- CEO Birgit Dekkers aims to reshape the future of protein with the support of new investors.
- Shift to alternative proteins can significantly reduce food-related emissions, making plant-based meat vital for sustainability.
- Rival Foods' technology converts simple ingredients into clean-label, protein-rich cuts resembling real meat.
- The company aims to accelerate the adoption of plant-based eating through quality plant-based alternatives.
- Pymwymic community sees Rival Foods as pivotal in accelerating the shift towards a sustainable, plant-powered future.
- Rival Foods collaborates with chefs and consumer brands to enhance plant-based menus and increase the popularity of plant-based eating.
- With the recent funding, Rival Foods is poised to scale rapidly, focusing on taste, texture, and nutrition of plant-based products.
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