MOA Foodtech secures €14.8m investment commitment from EIC

Spanish biomass fermentation startup MOA Foodtech has secured a €2.3 million grant and a €12.5 million equity funding commitment from the European Innovation Council. This funding will support the development of its AI platform and proprietary ingredients, contingent on attracting matching private investment.

Original excerpt: The equity funding is contingent on matching co-investment from private investors and will enable the company to further develop its AI platform…

Source: AgFunderNews