# Kern Tec

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/kern-tec

- Industry: Food
- Headquarters: Austria
- Website: https://www.kern-tec.com/
- Total disclosed funding: $13M
- Latest round: Series A (Sep 25, 2023)
- Investors on record: 3

## About

Based in Herzogenburg, Austria, and founded in 2019 by Michael Beitl, Luca Fichtinger, Sebastian Jeschko, and Fabian Wagesreither, Kern Tec GmbH, a.k.a. Kern Tec operates as a processor of fruit pits that intends to upcycle fruit pits to produce food products and ingredients for multiple applications., such as milk alternatives, and more In September 2023, Kern Tec GmbH raised EUR 12 million in a Series A funding led by Telos Impact, with participation from EIC Fund and PeakBridge.

The company provides a wide range of seeds, such as apricot seeds, cherry seeds, plum/prune seeds, and more that can be used as milk alternatives, nougat spreads, cosmetics, oil pressing, confectionery, and more. These seeds are extracted to get oils, which are then used to form a base compound for plant-based alternatives to dairy products like yogurt, milk, and cheese.

Kern Tec plans to use its proceeds from September 2023 funding to hire more employees, develop more products, bolster its production capacity, and expand its business in Europe.

## Funding rounds

- Series A, Sep 25, 2023, $13M — PeakBridge, European Innovation Council, Telos Impact

## Investors

- PeakBridge (https://capitalatlas.ai/funds/peakbridge) — Series A
- European Innovation Council (https://capitalatlas.ai/funds/european-innovation-council) — Series A
- Telos Impact (https://capitalatlas.ai/funds/telos-impact) — Series A