Clean Food Group, a London, UK-based food-tech business delivering sustainable oils and fats solutions, raised additional £2.3M in funding.
The round saw participation from Doehler Group, Alianza Team, Agronomics and SEED Innovations.
The company, which has raised £10m to date, intends to use the funds to accelerate the commercialization of its sustainable oils and fats technology.
Led by CEO Alex Neves, Clean Food Group is a food-tech business delivering sustainable oils and fats solutions to the world’s food and cosmetics manufacturers, with the mission to deliver ingredients that have a positive impact on the economic, environmental, and social health of the planet. Its proprietary technology platform uses scalable yeast strains and fermentation technology and uses food waste as its food source to deliver sustainable alternatives to traditional oil and fat ingredients.
Clean Food Group expects to complete a Series A funding in 2024, by which time the business will have validated the technology at a commercial scale and have a clear line of sight to near term revenue generation. The business will raise funds at Series A to support the build out of a commercial scale manufacturing facility.
In addition to the collaboration agreement with Alianza Team, announced by the Company on 8 August 2023, Clean Food Group also recently signed a services agreement with Doehler Group, designed to rapidly scale its fermentation process to a commercial level, and enable the manufacture of product batches required for regulatory approval for Cosmetics and Food applications.
FinSMEs
14/08/2023