
💸 Investment News 💸 NoPalm Ingredients
Palm oil is found in more than half of all supermarket products, from everyday items like shampoo and toothpaste to surprising ones like instant noodles and ice cream. This widespread use, however, comes at a devastating cost with rapid deforestation of virgin rainforests to make way for palm plantations, threatening biodiversity and accelerating climate change. And with demand set to grow 30% by 2030 putting an area of rainforest 1.5 times the size of Ireland at risk of bulldozing, we need alternatives fast.
“Yeast of Eden”: A yeast-based oil to protect paradise from palms
To tackle this massive challenge, we are proud to announce our latest investment: NoPalm Ingredients. NoPalm is a biotech company producing local, circular, and sustainable oils that are functionally identical to palm oil. Their mission is to produce the next “wonder oil”, but this time using the power of yeast.
Founded in 2021, NoPalm is managed by Lars Langhout (CEO, ex Booz/Strategy&),Professor Jeroen Hugenholtz (CTO, ex Wageningen University) and Jeroen Blansjaar (COO, ex Protifarm, Campina, Shell). Born from extensive research, their yeast-based fermentation technique produces cost competitive oils using food system offcuts like potato peels. NoPalm’s oil protects biodiversity with 99% less land use, decarbonises supply chains with 90% less greenhouse gas emissions, and contributes to a waste free world.

From left to right: Jeroen Blansjaar, Professor Jeroen Hugenholtz & Lars Langhout
Preventing more pressure on our strained planetary boundaries
We believe companies like NoPalm are critical to preventing further pressure on our already strained planetary boundaries. That’s why we are leading this investment round, alongside fellow investors Oost NL,Fairtree Elevant Ventures, The Netherlands Enterprise Agency (RVO) via their InnovatieKrediet facility, and several business angels. This fresh capital gives NoPalm runway to demonstrate they can scale to large-scale production and secure long term contracts with their pipeline of engaged food and cosmetics customers.
Want to find out more about NoPalm Ingredients? Check out their website: NoPalm Ingredients.