Cultimate Foods Raises €2.3M in Funding to Scale Up Production and Expand Market Presence
Culminate Foods Raises €2.3M in Seed Funding
Cultimate Foods Raises €2.3M in Funding
Key Highlights:
- Funding Round: Cultimate Foods, a cellular agriculture company based in Germany, raised €2.3M in funding.
- Investors: High-Tech Gründerfonds (HTGF), Life Science ValleyWachstumsfonds, b.value AG, Kale United, and Big Idea Ventures participated in the funding round.
- Company Focus: Cultimate Foods creates alternative fat ingredients for plant-based meat products, supplying the alternative meat industry with cell-cultivated premium fat ingredients.
Cultimate Foods' Target Market
- Plant-Based Meat Industry: Cultimate Foods targets the plant-based meat industry, providing alternative fat ingredients to enhance the taste and texture of plant-based meat products.
- Food Manufacturers and Processors: B2B partnerships with food industry leaders to supply premium fat ingredients for plant-based meat products.
- Cellular Agriculture and Biotech: Collaborations with companies and research institutions in the cellular agriculture and biotech sectors to advance fat ingredient production processes.
What Cultimate Foods Needs to Buy
- Production Scaling Solutions: Investments in equipment and technologies to scale up fat ingredient production processes.
- Commercial Collaboration Opportunities: Expanding partnerships and collaborations with food industry leaders to increase market presence and product adoption.
- Operational Expansion: Resources to support the growth of Cultimate Foods' operations, including hiring and infrastructure development.