ProteinDistillery, an Ostfildern, Germany-based plant-based food company, raised €15M in Seed funding.
Backers included Green Generation Fund, the Startup Family Office, and Wendelin Wiedeking.
The company intends to use the funds for growth, market entry, partnerships in the food industry, and the launch of a protein-competence center in Southern Germany, in Heilbronn.
Led by Marco Ries, Co-Founder and Managing Director, ProteinDistillery is a food-tech startup which aims to create a new generation of clean and sustainable proteins for food companies using microorganisms. At the core of its product portfolio is Prew:tein™ (patent pending), a functional, plant-based, and non-novel food protein ingredient made from upcycled brewer’s yeast. This product, serving as a clean-label alternative to egg whites, has nutritional and functional properties (such as binding, emulsification and taste enhancement), making it a versatile solution for the most important food applications, including Meat Alternatives, Dairy Alternatives, Egg Replacement, and Baked Goods.
FinSMEs
13/03/2024