Farmless, an Amsterdam, The Netherlands-based startup using fermentation to produce carbon-negative, functional proteins with a complete amino acid profile, raised €1.2M in Pre-Seed funding.
The round was led by Revent, Nucleus Capital, and Possible Ventures, with participation from HackCapital, Sustainable Food Ventures, VOYAGERS Climate-Tech Fund, TET Ventures and angels Jenny Saft through the Atomico Angel program, Ron Shigeta, Martin Weber, Rick Bernstein, Nadine Geiser, Joy Faucher, Michele Tarawneh, Alexander Hoffmann and Christian Stiebner.
The company intends to use the funds to expand operations and its business reach.
Led by Founder and CEO Adnan Oner, Farmless aims to build a fermentation platform based on liquid feedstock made with CO2, hydrogen and renewable energy, which can turn renewable electricity into food. Initial products are designed to replace animal proteins, as the majority of agricultural land is currently used to feed animals. The fermentation platform can potentially create a whole new food repertoire, producing proteins, carbohydrates, beneficial fats, vitamins, and minerals from the bottom up.
FinSMEs
10/05/2023