# Paleo

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/paleo

- Industry: Food
- Headquarters: Leuven, Belgium
- Website: www.paleo.bio/
- Total disclosed funding: $13M
- Latest round: Series A (May 11, 2022)
- Investors on record: 6

## About

Founded in 2020 and headquartered in Leuven, Belgium, Paleo B.V. focuses on developing myoglobins to enhance the taste and appearance of plant-based proteins. The company was co-founded by Hermes Sanctorum (CEO) and Andy de Jong. In September 2026, Paleo B.V. raised USD 2 million in venture funding led by Beyond Impact.

Paleo specializes in precision fermentation to produce animal proteins, particularly myoglobins, for meat and fish alternatives. Their products are designed to reduce environmental impacts while providing innovative solutions for food manufacturers, restaurants, and retailers. The company's offerings are distributed in Europe and Asia, with a recent expansion focused on the vegan and vegetarian markets, highlighted by the establishment of an office in Singapore.

Paleo's revenue model is based on B2B transactions, partnering with food manufacturers and retailers to integrate their myoglobin solutions into plant-based products. These partnerships involve negotiated pricing agreements that cater to the growing demand for sustainable food options. For the most recent year, Paleo reported an EBITDA of EUR -1,389.919 as of December 2025.

The company will use the funding to support the commercial scale-up of its animal-free heme proteins, made using precision fermentation and to support regulatory filings and commercial partnerships.

## Funding rounds

- Series A, May 11, 2022, $13M — Gimv, DSM Venturing, Belgium Federal Holding Company, Siddhi Capital, Planet A Ventures, Beyond Impact

## Investors

- Gimv (https://capitalatlas.ai/funds/gimv) — Series A
- DSM Venturing (https://capitalatlas.ai/funds/dsm-venturing) — Series A
- Belgium Federal Holding Company — Series A
- Siddhi Capital (https://capitalatlas.ai/funds/siddhi-capital) — Series A
- Planet A Ventures (https://capitalatlas.ai/funds/planet-a-ventures) — Series A
- Beyond Impact (https://capitalatlas.ai/funds/beyond-impact) — Series A