EU Backs Formo with $36M for Animal-Free Dairy & Egg Proteins

German fermentation startup Formo has secured €35M ($35.8M) in venture debt from the European Investment Bank. This funding will support the scaling of its dairy and egg alternatives and aid in obtaining regulatory approval for its animal-free casein protein, marking a significant step in the company’s growth strategy.

Original excerpt: Formo has received €35M in venture debt from the EU’s lending arm to scale up its dairy and egg alternatives…

Source: Green Queen