Solar Foods
Latest round
- Series B
Last raised
- Apr 2024
Total raised
- $38M
Investors
- 9
About Solar Foods
Solar Foods Oyj, founded in 2017 in Vantaa, Finland, specializes in sustainable protein production utilizing CO2, water, and renewable electricity.Solar Foods specializes in producing innovative protein products derived from a unique fermentation process that uses renewable energy and minimal natural resources. Their flagship offering is a sustainable protein created from CO2, water, and renewable electricity, designed to address the growing global demand for protein without the environmental burden associated with traditional agricultural methods. This protein serves a varied clientele, including food manufacturers, nutrition companies, and possibly direct consumers seeking sustainable dietary options. The company aims to penetrate international markets, focusing on regions with high protein consumption such as North America, Europe, and parts of Asia, where sustainability in food production is increasingly prioritized.Revenue generation for Solar Foods is expected to stem from partnerships with food manufacturers and retailers who incorporate their sustainable protein into diverse products. The firm operates on a B2B model, supplying its protein to businesses that may utilize it in various food applications, including processed foods and supplements. The transactions involve bulk supply agreements where pricing is structured based on volume and long-term contracts, ensuring consistent supply with clients. As the company launches its first commercial-scale production facility in 2024, it is anticipated that sales will ramp up through established partnerships, enhancing market penetration and supporting growth in global food production efforts. The company plans to launch its first commercial-scale production facility in 2024 and aims to expand its market presence in regions with high protein consumption, including North America, Europe, and parts of Asia.
Who invested in Solar Foods
9 investors across 4 rounds
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Questions about Solar Foods
Who invested in Solar Foods?
Solar Foods has 9 investors on record across 4 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Solar Foods raised?
Solar Foods has raised 4 venture rounds. Sign up free to see how much each round raised and the total.
When did Solar Foods last raise money?
Solar Foods's most recent round on record is a Series B, in Apr 2024.
What does Solar Foods do?
Solar Foods Oyj, founded in 2017 in Vantaa, Finland, specializes in sustainable protein production utilizing CO2, water, and renewable electricity.
Where is Solar Foods headquartered?
Solar Foods is headquartered in Vantaa, Finland.
Which VCs invest in companies like Solar Foods?
Among active investors with capital left to deploy, Index Ventures, Forbion, European Investment Bank and Generation Investment Management back food companies at Solar Foods's stage. Their profiles are linked below.
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