German Startup Raises €4M Seed Round to Make Dairy Cheese Without Milk
GERMANY - Berlin-based startup Legendairy Foods has raised €4M to develop cheese and other dairy products that have the same composition as milk but are not derived from animals.
23 December 2019
1 minute read
The fundraising was co-led by food tech investor Agronomics and M Ventures, the corporate venture capital arm of Merck. CPT Capital, an investor in alternative proteins, also participated in the round.
Founded in 2019, Legendairy Foods uses microbial fermentation to produce the same proteins that are found in cow’s milk, such as casein and whey protein. By combining these proteins with plant-based fats, the company aims to obtain dairy products that behave like animal milk does, but contain no cholesterol.
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Source: Labiotech.eu
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