Tech Company Financing Transactions
Solar Foods Funding Round
Solar Foods secured a $8.7 million Series B funding round on 11/20/2023. Investors included private investors.
Transaction Overview
Company Name
Announced On
11/20/2023
Transaction Type
Venture Equity
Amount
$8,730,000
Round
Series B
Investors
Proceeds Purpose
The funds will help ramp up production at Solar Foods´ inaugural commercial-scale production facility, Factory 01, as well as utilising new production organisms and commercialising Solein in food products. Operations are expected to begin in the first half of 2024, marking a significant milestone for the company.
Company Information
Company Status
Private & Independent
Industry
FoodTech
Mailing Address
Laserkatu 6
Lappeenranta, 53850
Finland
Lappeenranta, 53850
Finland
Phone
Undisclosed
Website
Email Address
Overview
Operator of a natural protein production technology company intended to use air and electricity to be used specifically for food production purposes. The company's protein is developed with a method that is not dependent on agriculture, the weather, or the climate, enabling clients to receive sustainable and pure single-cell protein from carbon dioxide using renewable electricity.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Pasi Vainikka
Chief Operating Officer
Tiia Kuusimäki
Chief Technical Officer
Juha-Pekka Pitkänen
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