EU Backs MOA Foodtech with €14.8M to Scale AI-Enhanced Fermentation Technology
Spanish biotechnology startup MOA Foodtech has been awarded a €14.8 million investment commitment from the European Innovation Council (EIC) as part of the latest EIC Accelerator funding round. The company, which specializes in biomass fermentation and artificial intelligence-driven ingredient production, was one of 71 businesses selected from over 1,200 applicants. The funding consists of a €2.3 million direct grant, with an additional €12.5 million in equity investment to be deployed …
Investment Climate Podcast: Jose Maria Elorza of MOA Foodtech – How to Get Funded in 2024
In this podcast series, co-produced by vegconomist, Alex Shandrovsky interviews investors about benchmarks for funding Alt Proteins in 2024 and uncovers the investment playbooks of successful Climate Tech CEOs and Leading VCs. Podcast Host Alex Shandrovksy is a strategic advisor to numerous global food tech accelerators and companies, including alternative proteins and cellular agriculture leaders. His focus is on investor relations and post-raise scale for agrifood tech companies. Episode 10: …
MOA Foodtech Raises Funds to Scale AI-Driven Production of Highly Nutritious Microbial Proteins
Spain’s MOA Foodtech, a B2B platform for alternative proteins and sustainable ingredients, announces the closure of a Series A funding round led by the Dutch venture capital firm ICOS Capital. Notable investors ClaveMayor, Viscofan, SODENA, and Banco Sabadell also participated. Founded in 2021 in Pamplona, Navarra by Susana Sánchez (CSO), José María Elorza (CFO), and Bosco Emparanza (CEO), MOA Foodtech leverages precision fermentation, agrifood side streams, and AI to discover …