Cultimate Foods raises €2.3M to develop fat ingredient for alternative meats

Cultimate Foods, a biotech startup based in Berlin's Biocube and Hannover, has closed its €2.3M seed round.

The funding will be used to to scale up production processes and expand commercial collaborations and operations.

The round was led by High-Tech Gründerfonds (HTGF), one of Europe’s leading seed investors. HTGF was joined by the Life Science Valley Wachstumsfonds, b.value AG and Kale United. Leading global Foodtech investor Big Idea Ventures also participated in this round.

Cultimate Foods is a B2B partner in supplying cell-cultivated premium fat ingredient to the alternative meat industry to tackle the problem of meat substitutes not tasting similar to meat products due to difficulty replicating its fat components. The company already run several commercial pilots with the food industry leaders.

VC HTGF’s focus is on high-tech start-ups in the fields of digital tech, industrial tech, life sciences, chemistry and related business areas.

“Science is the key to addressing many of the problems caused by the food industry. Through innovative technology, we can deliver the meaty flavours consumers crave while simultaneously cutting down on unethical intensive animal farming and tackling climate change by reducing CO2-emissions. Follow your passion and make the world a better place!,” commented Eugenia Sagué, Co-Founder and Managing Director of Cultimate Foods.