Formo bags $36m in venture debt to scale animal-free fermentation

Berlin-based startup Formo has secured €35 million ($36 million) in venture debt from the European Investment Bank to enhance its fermentation technologies. This funding follows a previous $61 million Series B round, bringing its total funding to $139 million. The financing is significant for supporting sustainable food innovations.

Original excerpt: Formo has secured a €35 million ($36 million) venture debt loan from The European Investment Bank (EIB)…

Source: AgFunderNews