Wageningen-based FoodTech scale-up Revyve has raised practically €24 million in Collection B to speed up the rollout of practical yeast proteins designed to interchange eggs and components in mainstream meals classes – bringing complete 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-Elements’ Swiss affiliate Danstar Ferment and Gray Silo Ventures (CVC of Cereal Docks Group). Existing buyers Oost NL and Royal Cosun doubled down on their dedication.
“Meals producers are chopping again on eggs to offset growing costs and attain sustainability targets, however replicating their distinctive performance is essential to sustaining the feel and mouthfeel customers are used to. That is precisely the place our Yeast Proteins are available in, offering an reasonably priced and clear label resolution for egg substitute 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 objective 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 components introduce genuine textures that assist substitute animal proteins and “clear up” product labels.
“We’re excited to companion with Revyve as they pioneer urgent sustainable options to conventional egg components. Their resolution addresses a important want within the meals transition: scalable components with a low environmental footprint and compelling economics for meals producers.
“We consider this mix of business viability and measurable sustainable advantages makes Revyve uniquely positioned to develop into a world chief. We stay up for supporting their journey,” mentioned Hanna Zwietering, ABN AMRO SIF Senior Funding Supervisor.
Revyve produces extremely practical yeast proteins that mimic the efficiency of eggs in meals classes corresponding to bakery, sauces, different meat and plant-based dairy. Not like many substitutes, Revyve’s components are pure, extra sustainable, and value aggressive, serving to producers reply to 3 urgent business challenges:
- Rising egg prices: Risky pricing is driving demand for reasonably priced and value steady options.
- Scrutiny of ultra-processed meals: Manufacturers are below strain to get rid of components whereas retaining performance.
- Sustainability: Main retailers and meals producers are demanding cuts to CO₂ footprints throughout the availability chain.
Lisette Kersting-van der Boog, Senior Funding Supervisor of Make investments-NL provides: “With their practical egg-replacement components, Revyve can play a significant function in accelerating the worldwide protein transition and fostering round options that cut back strain on land, water and animals. We’re proud to take a position on this Dutch firm, which strengthens the nation’s revolutionary energy with a pioneering expertise that has the potential to remodel meals manufacturing worldwide.”
In 2024, Revyve commissioned its first-of-a-kind (FOAK) manufacturing facility in Dinteloord, the Netherlands. Already working at capability for a number of clients, the positioning has confirmed the corporate’s capability to provide and promote industrial volumes. With this new funding, Revyve will increase output to over 1,600 tons per yr, guaranteeing dependable provide for international accounts.
Verstraeten provides: “Sturdy regional help from each the Wageningen and Brabant ecosystems has enabled us to scale to industrial ranges in report time. With a stellar workforce and robust investor backing, we’ve an extremely strong 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 form of daring innovation we goal 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.
