Munich, Germany \u2014 EQT Ventures laun\u00adches invest\u00adment in Berlin-based food biotech startup Formo in a USD 50 million Series A finan\u00adcing round advi\u00adsed. In addi\u00adtion to EQT Ventures, other backers include Elevat3 Capi\u00adtal, Lower\u00adcar\u00adbon Capi\u00adtal and Lionhe\u00adart Ventures.<\/p>\n
Formo deve\u00adlops sustainable, healthy and fair dairy products, support\u00ading a sustainable and ethi\u00adcal food system. Form\u00aderly known as LegenD\u00adairy Foods, Formo is a Euro\u00adpean leader in cellu\u00adlar agri\u00adcul\u00adture and the deve\u00adlo\u00adp\u00adment of cultu\u00adred dairy products based on real, animal-free milk prote\u00adins produ\u00adced by precis\u00adion fermen\u00adta\u00adtion. The finan\u00adcing round is inten\u00added to increase rese\u00adarch and deve\u00adlo\u00adp\u00adment capa\u00adcity and acce\u00adle\u00adrate commer\u00adcia\u00adliza\u00adtion in advance of Formo\u2019s market launch.<\/p>\n
EQT Ventures is the venture capi\u00adtal fund of EQT, a purpose-driven global invest\u00adment orga\u00adniza\u00adtion. EQT Ventures invests in fast-growing, inno\u00adva\u00adtive and tech\u00adno\u00adlogy-driven compa\u00adnies in all sectors world\u00adwide, with a focus on Europe and the US.<\/p>\n
Advi\u00adsors to EQT: DLA Piper <\/strong> About EQT About DLA Piper<\/strong><\/p>\n DLA Piper is one of the worl\u00add\u2019s leading commer\u00adcial law firms, with offices in more than 40 count\u00adries in Africa, Asia, Austra\u00adlia, Europe, the Middle East, and North and South America. In Germany, DLA Piper is repre\u00adsen\u00adted by more than 250 lawy\u00aders at its offices in Frank\u00adfurt, Hamburg, Colo\u00adgne and Munich. In certain juris\u00addic\u00adtions, this infor\u00adma\u00adtion may be conside\u00adred attor\u00adney adver\u00adti\u00adsing. For more infor\u00adma\u00adtion, visit: www.dlapiper.com<\/p>\n","protected":false},"excerpt":{"rendered":" Munich, Germany \u2014 EQT Ventures laun\u00adches invest\u00adment in Berlin-based food biotech startup Formo in a USD 50 million Series A finan\u00adcing round advi\u00adsed. In addi\u00adtion to EQT Ventures, other backers include Elevat3 Capi\u00adtal, Lower\u00adcar\u00adbon Capi\u00adtal and Lionhe\u00adart Ventures. Formo deve\u00adlops sustainable, healthy and fair dairy products, support\u00ading a sustainable and ethi\u00adcal food system. Form\u00aderly known [\u2026]<\/p>\n","protected":false},"author":2,"featured_media":38150,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"wp_typography_post_enhancements_disabled":false,"footnotes":""},"categories":[886,1364,1366,1367,1368,1369,1372,1373],"tags":[],"class_list":["post-40277","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general-en","category-featured-en","category-news-en","category-lawyers-tax-advisors-auditors-en","category-lawyers-tax-consultants-auditors","category-investors","category-consultant","category-venture-capital-en"],"yoast_head":"\n
\nThe DLA Piper team, led by Part\u00adner Andreas F\u00fcch\u00adsel (Private Equity\/M&A), contin\u00adued to include Part\u00adner Dr. Burk\u00adhard F\u00fchr\u00admeyer (IPT), Coun\u00adsel Kaja Herr\u00admann (Labor Law, all Frank\u00adfurt), Senior Asso\u00adciate Domi\u00adnik Wege\u00adner (Corpo\u00adrate, Hamburg) and Asso\u00adcia\u00adtes Phil\u00adipp Meyer (Private Equity\/M&A), Denise Peter (Labor Law, both Frank\u00adfurt) and David Sanchio Schele (Data Protec\u00adtion, Hamburg).<\/p>\n
\n<\/strong>
\nEQT Part\u00adners AB is an invest\u00adment group prima\u00adrily active in Nort\u00adhern Europe and Asia with its head\u00adquar\u00adters in Stock\u00adholm. It was foun\u00added in 1994 by the Swedish Inves\u00adtor AB and is still 31% owned by the latter. The remai\u00adning 69% is held by the company\u2019s part\u00adners via EQT Part\u00adners BV. EQT comple\u00adted an initial public offe\u00adring on Septem\u00adber 24, 2019. https:\/\/eqtgroup.com<\/p>\n