NovaMeat scores new investment of €17 million

Our portfolio companies are on fire! 🔥 Just one day after the new funding round of Solasta Bio we can share a significant milestone for our portfolio company NovaMeat, as they secure a €17 million investment 💰💰💰

Past year the plant-based meat market put investors profoundly to the test with falling stars, bankruptcies and virtually external rounds being raised. With growth being reported in several food sectors we remain confident plant-based meat is here to stay. Our investment thesis remains unchanged: only the best, most credible products and scalable processes will pass the ultimate taste/texture, nutrition/natural appearance, and price test. Securing a big new investment in such a changing and very competitive market is a testimony to the quality of NovaMeat’s technology platform.

The new round was led by Sofinnova Partners and joined by new investor Forbion and existing investors Unovis, Praesidium, and of course Rubio 🙌 participated in the round. Having been part of NovaMeat’s journey since first investing in 2021, we are very happy with this strong group of new investors on board, highlighting the industry’s recognition that NovaMeat is solving major problems in the food system alongside climate and health challenges. 💚

Congratulations for reaching this new milestone, Guiseppi Scionti, Miguel De Oliveira, Alexandre Campos, and the rest of team NovaMeat. We look forward to pushing the boundaries of plant-based meat technology together. 👊