The Dutch ingredients startup and EIC Scaling Club member in the Agri & Food Tech market group, Vivici, has secured €32.5 million in Series A funding.

The funding round was led by APG on behalf of ABP, one of the largest pension funds in the world, and Invest-NL. Additional participation came from InnovationQuarter, as well as existing shareholders dsm-firmenich and Fonterra.

Vivici will use the funding to expand its access into new international markets, launch its second dairy protein ingredient, and establish long-term manufacturing capabilities.

Precision fermentation – the method used by Vivici to create dairy protein - combines the process of traditional fermentation with the latest advances in biotechnology, producing proteins without the need for animals. The technology promises to meet the protein needs of the world’s growing population – sustainably and without compromising on price, taste, or nutritional quality.

“With this investment, we will continue on our path to turning the promise of precision fermentation into a commercial reality. This fundraise demonstrates the confidence investors have in both our mission and our capabilities,” said Stephan van Sint Fiet, CEO of Vivici.

“With our ViviteinTM protein platform, we’re bringing a new standard of protein to the market – one that will become a mainstay of consumer protein products,” he added.

Read the full press release here.

About the EIC Scaling Club

The EIC Scaling Club is a curated community where 120+ European deep tech scale-ups with the potential to build world-class businesses and solve major global challenges come together with investors, corporate innovators and other industry stakeholders to spur growth.

The top 120+ European deep tech companies will be carefully selected from a pool of high-growth scale-ups that have benefitted from EIC financial schemes, other European and national innovation programmes, and beyond.

The EIC Scaling Club is an EIC-funded initiative run in partnership by Tech Tour, Bpifrance (EuroQuity), Hello Tomorrow, Tech.eu (Webrazzi), EurA and IESE Business School.

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