The firm—which makes a yellow, protein-packed ingredient called Solein by feeding microbes elements from the air—is planning to go public via a technical listing on the Helsinki Stock Exchange.
The new funding is from the European Innovation Council (EIC) Accelerator program and additional series A investors.
While this is not the optimal time to raise capital, the fact that Enifer’s PEKILO strain has been grown at industrial scale before has de-risked the enterprise for investors, says its CEO.
A spinoff from VTT in Finland, Enifer is targeting human food, petfood, and aquaculture markets with its mycoprotein, produced from a fungal strain first commercialized in the 1970s.
The consortium led by Solar Foods will produce whey proteins from bacteria fed with atmospheric carbon and hydrogen instead of sugar, decoupling production from agricultural land.
One of a small, but high-profile group of startups attempting to decouple food production from agricultural land, Solar Foods uses carbon dioxide and hydrogen instead of sugars to feed its bacteria.
Gas fermentation startup Solar Foods is gearing up to open a new plant to demonstrate its technology at larger scale.
Food retailers need technologies that can automate the supply chain to minimize disruptions and optimize inventory management.
Wolt CEO Miki Kuusi will become head of DoorDash International, leading its global expansion efforts and reporting directly to the US company’s CEO Tony Xu.
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