Wageningen-based FoodTech scale-up Revyve has raised practically €24 million in Collection B to speed up the rollout of purposeful yeast proteins designed to interchange eggs and components in mainstream meals classes – bringing whole capital raised to greater than €40 million.
The Collection B spherical was co-led by ABN AMRO Sustainable Influence Fund and Make investments-NL with regional help from Brabantse Ontwikkelings Maatschappij (BOM) and strategic investments by Lallemand Bio-Substances’ Swiss affiliate Danstar Ferment and Gray Silo Ventures (CVC of Cereal Docks Group). Existing traders Oost NL and Royal Cosun doubled down on their dedication.
“Meals producers are reducing again on eggs to offset rising costs and attain sustainability targets, however replicating their distinctive performance is essential to sustaining the feel and mouthfeel shoppers are used to. That is precisely the place our Yeast Proteins are available in, offering an reasonably priced and clear label resolution for egg alternative or egg discount,” mentioned Cedric Verstraeten, CEO of Revyve.
He provides: “This funding spherical marks a tipping level for us: permitting us to modularly scale manufacturing and department out to extra meals classes and serve our sustainable options to bigger clients worldwide.”
Based in 2021, Revyve, is a purpose-driven FoodTech firm with the aim of making a extra sustainable meals system. The corporate arose from Wageningen College & Analysis (WUR) within the Netherlands, the place its founding scientists found the potential of yeast to imitate the performance of eggs.
Revyve’s substances introduce genuine textures that assist substitute animal proteins and “clear up” product labels.
“We’re excited to accomplice with Revyve as they pioneer urgent sustainable options to conventional egg substances. Their resolution addresses a crucial want within the meals transition: scalable substances with a low environmental footprint and compelling economics for meals producers.
“We imagine this mixture of business viability and measurable sustainable advantages makes Revyve uniquely positioned to develop into a world chief. We sit up for supporting their journey,” mentioned Hanna Zwietering, ABN AMRO SIF Senior Funding Supervisor.
Revyve produces extremely purposeful yeast proteins that mimic the efficiency of eggs in meals classes reminiscent of bakery, sauces, different meat and plant-based dairy. Not like many substitutes, Revyve’s substances are pure, extra sustainable, and value aggressive, serving to producers reply to 3 urgent trade challenges:
Rising egg prices: Unstable pricing is driving demand for reasonably priced and value steady options.
Scrutiny of ultra-processed meals: Manufacturers are below strain to remove components whereas maintaining performance.
Sustainability: Main retailers and meals producers are demanding cuts to CO₂ footprints throughout the provision chain.
Lisette Kersting-van der Boog, Senior Funding Supervisor of Make investments-NL provides: “With their purposeful egg-replacement substances, Revyve can play a serious position in accelerating the worldwide protein transition and fostering round options that scale back strain on land, water and animals. We’re proud to speculate on this Dutch firm, which strengthens the nation’s revolutionary energy with a pioneering expertise that has the potential to rework meals manufacturing worldwide.”
In 2024, Revyve commissioned its first-of-a-kind (FOAK) manufacturing facility in Dinteloord, the Netherlands. Already operating at capability for a number of clients, the positioning has confirmed the corporate’s skill to supply and promote industrial volumes. With this new funding, Revyve will increase output to over 1,600 tons per 12 months, guaranteeing dependable provide for international accounts.
Verstraeten provides: “Robust regional help from each the Wageningen and Brabant ecosystems has enabled us to scale to industrial ranges in report time. With a stellar crew and robust investor backing, we’ve got an extremely stable basis for international growth.”
With industrial manufacturing in full swing, Revyve is already serving clients throughout Europe, UK, USA, Canada, Mexico and Australia.
“Revyve’s plans align seamlessly with our mission to place Brabant because the Scale-Up Plant of Europe. Their breakthrough expertise not solely contributes to a extra sustainable meals system but in addition exemplifies the sort of daring innovation we intention to foster within the area. We’re proud to help Revyve in scaling their affect from Brabant to the world,” added Ingrid Nieweg, Funding Supervisor at BOM.
