Food Brewer Raises Over $11M with Backing from Lindt & Sprüngli and Sparkalis
Zurich-based food-tech startup Food Brewer has secured new investment from Swiss chocolate manufacturer Lindt & Sprüngli and Sparkalis, the corporate venture arm of Puratos, as part of a CHF 5 million ($5.6 million) seed extension round. The investment brings the company’s total funding to CHF 10 million ($11.1 million), according to AgFunderNews. Food Brewer specializes in producing cocoa and coffee alternatives using plant cell culture, a process that involves selecting …
Food Brewer Secures Over CHF 5M for Cell Cultured Cacao & Coffee
Food Brewer AG, a biotech startup leveraging plant cell culture headquartered in Campus Horgen, Zurich, Switzerland, has raised over CHF 5 million in a seed round. Various investors, including family offices from Switzerland and the USA, the Zürcher Kantonalbank, and chocolate manufacturer Max Felchlin AG, backed the startup’s biotechnological approach to making alternatives to cocoa, coffee, and sustainable fats. With the new funds, Food Brewer will invest in R&D for its cell lines, expand …