Reduced, a Copenhagen, Denmark-based company that uses fermentation technology to transform food and agriculture industry side streams into natural food ingredients, raised €6M in funding.
Backers included Novo Holdings and the Nordic flavour house Einar Willumsen, as well as existing investors EIFO and Rockstart Agrifood.
The company intends to use the funds to further develop its technology platform, broaden its portfolio of savoury ingredients, secure production capacity, implement certifications, and increase sales and marketing efforts.
Founded in 2020 by William Anton Lauf Olsen & Emil Munck de Voss, Reduced has developed fermentation processes, allowing the utilisation of various side streams to create umami-rich flavour solutions. The technology enables the extraction of the savoury umami flavours from both vegetable and animal side streams and convert them using fermentation into clean label ingredients. The wide range of products include organic chicken stock concentrates made from retired laying hens, and a stock concentrate made from vegetables that don’t meet the strict appearance or size criteria of supermarkets, along with fermented umami sauces which add complexity and a lingering aftertaste to food.
Commenting on the news, Emil Munk de Voss said: “This investment will be transformative for the Company as we expand and extend the range of products we can offer, drawing on our gastronomic heritage to create unique flavours. Not only will this bring great new products to the market, but it will also help to reduce CO2 emissions and make the most of the side streams available in the food production chain. We are ready to continue the work we have started and accelerate the impact we can make on the food industry.”
FinSMEs
08/04/2024