Formo gets investors’ mouths watering with Koji protein-based animal-free cheese

Quick Summary:

A love of food — and, well, cheese — has landed German fermentation startup Formo‘s co-founder Roman Plewka and its team a hefty $61 million Series B round to keep scaling production of their climate-friendly, animal-free cheese.

But Plewka reckons the startup will be able to achieve price parity — and possibly go even further (and “undercut the animal”), eventually — as it continues to fine-tune its technologies and scale production.

While scaling as a way to squeeze costs is part of Formo’s playbook, Plewka argues that the quality of its products justifies a premium with hugely improved sustainability (and animal welfare benefits) compared to traditionally produced cheese.

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Article Details

Author / Journalist: Natasha Lomas

Category: Technology

Markets: United StatesAustriaFinlandFranceGermanyOman

Topics: Koji cheese Startups Formo Climate

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-10 @ 06:00:00 (12 hours ago)

News Timezone: GMT -5:00

News Source URL: techcrunch.com

Language: English

Article Length: 1579 words

Reading Time: 9 minutes read

Sentences: 77 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TechCrunch

News ID: 22443266

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