Stockeld Dreamery, home of the world’s most ambitious cheese, has raised €16.5 million in a Series A round. The fresh cheddar is expected to expand the startups’ product portfolio, increase the team size, and press into new markets. To date, the company has cultured just shy of €20 million in funding.
If you’ve looked out a window this past summer, it’s fairly clear that climate change is real, it’s happening, and it’s no joke. According to the latest report from the IPCC (The United Nation’s Intergovernmental Panel on Climate Change), our current structuring of the food system, including livestock, is having a significant impact on our planet. Anja and Sorosh decided it was time to stop talking and start doing.
But, save the planet, and give up the cheese? Yeesh. What a choice to have to make. Thankfully, after extensive development, testing, re-testing, and re-re-testing with chef after chef after chef, in May of this year, Stockeld Chunk was released to the world.
Based on peas and fava beans, the startup's first product is comparable to what you might know as feta. The original cheese experience contains only 1.5 grams of carbohydrates, 21 grams of fat, and 13 grams of protein. In other words, a dairy-free, eco-friendly alternative that’s pretty much on par with the “real” thing.
Make no mistake, Stockeld has no illusions about the massive challenges they are facing. There's some fairly heavy-duty science involved here, and the cousins to 'heavy-duty and science' are most often 'smart people and really expensive', i.e. capital intensive. However, if the company goes on to develop ways and methods that, you know, give us ALL a place to live for the next foreseeable future, cheap at twice the price.
Existing investors Astanor Ventures and Northzone led the Series A round, with Inventure, Creandum, Kale United, Purple Orange Ventures, and Martas Explorers, all continuing their support. Stockeld Dreamery also saw new players join the table including Gullspång Re:food, Eurazeo, Norrsken VC, Edastra, and Trellis Road.