Berlin \u2014 Culti\u00admate Foods, a biotech start-up based in Berlin Biocube and Hanno\u00adver (Insti\u00adtute of Tech\u00adni\u00adcal Chemis\u00adtry, Leib\u00adniz Univer\u00adsi\u00adt\u00e4t Hanno\u00adver), successfully closes its seed round to scale up produc\u00adtion proces\u00adses and expand commer\u00adcial colla\u00adbo\u00adra\u00adti\u00adons and operations.<\/p>\n
The EUR 2.3 million finan\u00adcing round was led by High-Tech Gr\u00fcn\u00adder\u00adfonds (HTGF), one of Euro\u00adpe\u2019s leading seed inves\u00adtors. In addi\u00adtion to HTGF, Life Science Valley Wachs\u00adtums\u00adfonds, b.value AG and Kale United also parti\u00adci\u00adpa\u00adted. The worl\u00add\u2019s leading food\u00adtech inves\u00adtor Big Idea Ventures also parti\u00adci\u00adpa\u00adted in this round.<\/p>\n
Culti\u00admate Foods has deve\u00adlo\u00adped an alter\u00adna\u00adtive fat that gives plant-based meat substi\u00adtu\u00adtes an authen\u00adtic taste. Although there are many plant-based alter\u00adna\u00adti\u00adves on super\u00admar\u00adket shel\u00adves, taste is still the biggest argu\u00adment that prevents consu\u00admers from choo\u00adsing these sustainable products. As a B2B part\u00adner, Culti\u00admate Foods supplies cell-cultu\u00adred premium fats to the alter\u00adna\u00adtive meat indus\u00adtry to solve this problem. The company has alre\u00adady carried out seve\u00adral commer\u00adcial pilot projects with leading compa\u00adnies in the food industry.<\/p>\n
Culti\u00admate Foods took its first steps in G\u00f6ttin\u00adgen at the Life Science Factory, where it was able to get star\u00adted with its rese\u00adarch imme\u00addia\u00adtely after the pre-seed round in the well-equip\u00adped laboratories.<\/p>\n
\u201cScience is the key to solving many problems in the food indus\u00adtry. With inno\u00adva\u00adtive tech\u00adno\u00adlo\u00adgies, we can deli\u00adver the meat taste that consu\u00admers want, while at the same time curbing unethi\u00adcal factory farming and coun\u00adter\u00adac\u00adting climate change by redu\u00adcing CO2 emis\u00adsi\u00adons. Follow your passion and make the world a better place,\u201d says Euge\u00adnia Sagu\u00e9, co-foun\u00adder and Mana\u00adging Direc\u00adtor of Culti\u00admate Foods<\/strong>.<\/p>\n \u201cCulti\u00admate Foods has achie\u00adved important mile\u00adsto\u00adnes in a short space of time, built strong rela\u00adti\u00adonships with the food\u00adtech indus\u00adtry and ente\u00adred into colla\u00adbo\u00adra\u00adti\u00adons with univer\u00adsi\u00adties. HTGF is exci\u00adted to enter a new field of invest\u00adment and support Culti\u00admate Foods in revo\u00adlu\u00adtio\u00adni\u00adzing the alter\u00adna\u00adtive meat indus\u00adtry with its cell-cultu\u00adred fat ingre\u00addi\u00adent. We have the oppor\u00adtu\u00adnity to really make a diffe\u00adrence in the food indus\u00adtry,\u201d comm\u00adents Tilmann Peter\u00adsen, Invest\u00adment Mana\u00adger at HTGF<\/strong>.<\/p>\n \u201cAs one of the most active inves\u00adtors in agri-food tech\u00adno\u00adlogy, we see inno\u00adva\u00adtion in fats as criti\u00adcal to impro\u00adving the taste, health profile, sustaina\u00adbi\u00adlity and scala\u00adbi\u00adlity of sustainable food. As early pre-seed inves\u00adtors in Culti\u00admate who have witnessed the team\u2019s deve\u00adlo\u00adp\u00adment, we are exci\u00adted to conti\u00adnue to support Culti\u00admate in this successful seed round as they bring their inno\u00adva\u00adtive fat ingre\u00addi\u00adent to market,\u201d said Caro\u00adline Mak, Senior Direc\u00adtor at Big Idea Ventures<\/strong>.<\/p>\n \u201cClosing the seed round in today\u2019s fund\u00adrai\u00adsing envi\u00adron\u00adment confirms the success of our tech\u00adno\u00adlo\u00adgi\u00adcal approach and the efforts of our team. With a consor\u00adtium of expe\u00adri\u00aden\u00adced biotech and food\u00adtech funds on board, we look forward to bene\u00adfiting from both areas of exper\u00adtise as we scale to the next TRL and enter our first markets,\u201d said George Zhelez\u00adnyi, co-foun\u00adder and CEO of Culti\u00admate Foods<\/strong>.<\/p>\n About Culti\u00admate Foods About the Life Science Valley Growth Fund About b.value AG About Big Idea Ventures About Kale United About High-Tech Gr\u00fcnderfonds<\/strong><\/p>\n The seed inves\u00adtor High-Tech Gr\u00fcn\u00adder\u00adfonds (HTGF) finan\u00adces tech\u00adno\u00adlogy start-ups with growth poten\u00adtial and has supported more than 750 start-ups since 2005. With the launch of the fourth fund, HTGF has around 1.4 billion euros under manage\u00adment. The team of expe\u00adri\u00aden\u00adced invest\u00adment mana\u00adgers and start-up experts supports the young compa\u00adnies with know-how, entre\u00adpre\u00adneu\u00adrial spirit and passion. The focus is on high-tech start-ups in the fields of digi\u00adtal tech, indus\u00adtrial tech, life scien\u00adces, chemis\u00adtry and rela\u00adted busi\u00adness areas. To date, exter\u00adnal inves\u00adtors have inves\u00adted around EUR 5 billion in the HTGF port\u00adfo\u00adlio in more than 2,000 follow-on finan\u00adcing rounds. In addi\u00adtion, the fund has alre\u00adady successfully sold shares in more than 180 companies. <\/p>\n","protected":false},"excerpt":{"rendered":" Berlin \u2014 Culti\u00admate Foods, a biotech start-up based in Berlin Biocube and Hanno\u00adver (Insti\u00adtute of Tech\u00adni\u00adcal Chemis\u00adtry, Leib\u00adniz Univer\u00adsi\u00adt\u00e4t Hanno\u00adver), successfully closes its seed round to scale up produc\u00adtion proces\u00adses and expand commer\u00adcial colla\u00adbo\u00adra\u00adti\u00adons and opera\u00adti\u00adons. The EUR 2.3 million finan\u00adcing round was led by High-Tech Gr\u00fcn\u00adder\u00adfonds (HTGF), one of Euro\u00adpe\u2019s leading seed inves\u00adtors. In [\u2026]<\/p>\n","protected":false},"author":2,"featured_media":51301,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"wp_typography_post_enhancements_disabled":false,"footnotes":""},"categories":[886,1364,1366,1369,1372,1373],"tags":[],"class_list":["post-51303","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general-en","category-featured-en","category-news-en","category-investors","category-consultant","category-venture-capital-en"],"yoast_head":"\n
\n<\/strong>
\nCulti\u00admate Foods is a cellu\u00adlar agri\u00adcul\u00adture company that produ\u00adces plant-based alter\u00adna\u00adtive fat for meat products. Unlike other fat alter\u00adna\u00adti\u00adves, the company crea\u00adtes a unique lipid compo\u00adsi\u00adtion of the fat that provi\u00addes an authen\u00adtic pork and beef flavor. The company has raised more than EUR 3 million to date and is supported by the strong life science inves\u00adtors HTGF, b.value AG, Life Science Valley Wachs\u00adtums\u00adfonds as well as the largest food\u00adtech funds Big Idea Venture, ProVeg Inter\u00adna\u00adtio\u00adnal and Kale United. www.cultimatefoods.com<\/p>\n
\n<\/strong>
\nThe early-stage fund for life science tech\u00adno\u00adlogy spin-offs in Lower Saxony aims to exploit the local commer\u00adcial and entre\u00adpre\u00adneu\u00adrial poten\u00adtial arising from excel\u00adlent life science rese\u00adarch and tech\u00adno\u00adlo\u00adgies. It supports compa\u00adnies in the fields of biotech\u00adno\u00adlogy, medi\u00adcal tech\u00adno\u00adlogy, digi\u00adtal health, agri\u00adcul\u00adtu\u00adral scien\u00adces and food tech\u00adno\u00adlogy and promo\u00adtes successful start-ups in tech\u00adno\u00adlo\u00adgi\u00adcal growth areas.<\/p>\n
\n<\/strong>
\nb.value AG invests in DeepT\u00adech start-ups that combine excep\u00adtio\u00adnal foun\u00adders and ground\u00adbrea\u00adking tech\u00adno\u00adlo\u00adgies and offer solu\u00adti\u00adons for a sustainable world of tomor\u00adrow. The profound tech\u00adno\u00adlogy exper\u00adtise and many years of opera\u00adtio\u00adnal expe\u00adri\u00adence in buil\u00adding and mana\u00adging biotech and high-tech compa\u00adnies enable b.value AG to iden\u00adtify the most promi\u00adsing DeepT\u00adech start-ups and to support them finan\u00adci\u00adally and stra\u00adte\u00adgi\u00adcally in order to realize their full poten\u00adtial. Its unique struc\u00adture and expe\u00adri\u00adence allow b.value AG to act both flexi\u00adbly and for the long term.<\/p>\n
\n<\/strong>
\nBig Idea Ventures is one of the worl\u00add\u2019s leading invest\u00adment compa\u00adnies in the fields of food tech\u00adno\u00adlogy, agri\u00adcul\u00adtu\u00adral tech\u00adno\u00adlogy and mate\u00adri\u00adals science. We specia\u00adlize in inves\u00adt\u00ading in the worl\u00add\u2019s most inno\u00adva\u00adtive and sustainable tech\u00adno\u00adlogy compa\u00adnies. We combine capi\u00adtal and part\u00adner\u00adships to promote econo\u00admic growth and build new food ecosys\u00adtems. By foun\u00adding and support\u00ading pionee\u00adring compa\u00adnies, we want to reduce the climate impact of food produc\u00adtion and feed the world sustain\u00adably. Big Idea Ventures has teams in New York, Paris and Singa\u00adpore and has inves\u00adted in more than 110 compa\u00adnies in 30 countries.<\/p>\n
\n<\/strong>
\nKale United is a publicly traded holding company that invests in pionee\u00adring plant and food tech\u00adno\u00adlogy compa\u00adnies. The aim is to maxi\u00admize the impact and increase the finan\u00adcial return at the same time.<\/p>\n
\nThe fund inves\u00adtors in the public-private part\u00adner\u00adship include the German Fede\u00adral Minis\u00adtry for Econo\u00admic Affairs and Climate Protec\u00adtion, KfW Capi\u00adtal and 45 compa\u00adnies from a wide range of sectors.<\/p>\n