# NoPalm Ingredients

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/nopalm-ingredients-b-v

- Industry: Food
- Headquarters: Wageningen, Netherlands
- Website: www.nopalm-ingredients.com/
- Total disclosed funding: $6.4M
- Latest round: Seed (Jul 24, 2024)
- Investors on record: 6

## About

Based in the Netherlands, and founded in 2021, NoPalm Ingredients B.V. provides a sustainable alternative to palm oil by producing yeast-based oils and fats. In July 2024, NoPalm Ingredients B.V. raised EUR 5 million in seed funding co-led by investors Rubio Impact Ventures, Fairtree Capital, Oost NL, and Willow Capital Investments, with participation from another investor Netherlands Enterprise Agency, and other investors. Lars Langhout and Professor Dr. Jeroen Hugenholtz founded the firm. 

The company’s flagship products are yeast oils, yeast fats, and yeast biomass, derived through a proprietary fermentation process. These ingredients serve as sustainable substitutes for palm oil in various applications, including food products like spreads, biscuits, and plant-based dairy, as well as cosmetics and pet food. NoPalm's ingredients offer functional benefits like lower saturated fat content and improved emulsifying properties.

The company plans to use the July 2024 funding to accelerate its mission to provide a local, circular, and sustainable solution for the global palm oil market.

## Funding rounds

- Seed, Jul 24, 2024, $5.4M — Oost NL, Netherlands Enterprise Agency, Fairtree Capital, Rubio Impact Ventures
- Seed, Jan 18, 2022, $1M — ICOS Capital, Future Food Fund

## Investors

- ICOS Capital (https://capitalatlas.ai/funds/icos-capital) — Seed
- Future Food Fund — Seed
- Oost NL (https://capitalatlas.ai/funds/oost-nl) — Seed
- Netherlands Enterprise Agency — Seed
- Fairtree Capital (https://capitalatlas.ai/funds/fairtree-capital) — Seed
- Rubio Impact Ventures (https://capitalatlas.ai/funds/rubio-impact-ventures) — Seed