Brevel's Seed Round Reaches $25 Million for Sustainable Protein
Brevel Secures Funding for Growth in Microalgae Protein Innovations
Brevel, Ltd., a pioneering climate food-tech company, has successfully completed an extension of its seed funding round, amassing a total investment of US$25 million through an engaging exercise of warrants. This significant financial boost will empower Brevel to expedite its innovative approach to microalgae protein production, ultimately enhancing its market presence in the food and beverage industry.
Investment and Growth Strategy
The recent injection of capital resulted from investors capitalizing on warrants granted during the initial closing of the seed round in mid-2023. Notable investors contributing to this round include NevaTeam Partners, Siddhi Capital, the European Union's EIC Fund, Good Protein Fund, The Food Tech Lab, and PVS Investments. Additionally, the funding round has drawn interest from new investors eager to become part of Brevel's vision.
Confidence from Investors
"Our investors have chosen to reinvest due to Brevel's exceptional advancements since the prior funding round," shared Yonatan Golan, Co-Founder and CEO of Brevel. He underlined their commitment to producing nutritious plant-based proteins that can effectively substitute animal proteins in various applications. This vision aligns with Brevel's goals of lowering the environmental impact of food production while ensuring affordability and neutrality in flavor for consumers.
Achievements in Technology and Production
Brevel's dedication to innovation has already borne fruit, as evidenced by key milestones such as the successful completion of its first commercial factory, achieving a production capacity of 5,000 liters, and forming a strategic partnership with The Central Bottling Company (CBC Group) for commercial development. These achievements not only showcase the company's growth trajectory but also highlight its commitment to producing high-quality microalgae protein.
Future Production Plans
The recent funding will serve as a catalyst for Brevel's operational expansion, enabling the establishment of collaborative manufacturing partnerships and additional offtake agreements in preparation for large-scale production. This proactive approach illustrates Brevel's foresight in the competitive landscape of alternative protein production.
Innovative Microalgae Cultivation Technology
Brevel's proprietary technology merges light and sugar-based fermentation to cultivate microalgae, representing a groundbreaking development in nutrient-rich microalgae production. By industrializing this process, Brevel manages to produce high-yield, nutrient-dense microalgae without relying on genetic modification, which sets it apart from traditional methods.
Value of Microalgae Beyond Protein
The technological advancements in microalgae production enable Brevel to create a versatile protein isolate powder that can integrate seamlessly into various meat and dairy alternatives. This powder is not only functional with superior emulsifying properties but also boasts a complete amino-acid profile, making it a robust dietary choice.
Strategic Business Model
Brevel's comprehensive business model takes cues from successful entities in the protein market, aiming for revenue generation from the diverse co-products derived from microalgae culture. Golan articulated the importance of leveraging all components of the microalgae biomass for commercial benefits, ensuring the longevity and profitability of Brevel's operations.
Broader Implications of Advanced Fermentation
This innovative combination of light and fermentation allows for reducing production costs while maximizing the nutritional and functional value of the by-products. As Golan notes, this dual-process technology positions Brevel's product offerings as not just an alternative protein source but also enriches the food ecosystem with functional oils, antioxidants, and dietary fibers.
Commitment to Climate Solutions
The commitment to sustainability and addressing global food security challenges is evident in Brevel's approach. Golan is slated to represent Brevel at a significant climate tech event, where he will share insights on how advanced technologies are shaping the future of sustainable food production.
About Brevel
Founded by brothers Yonatan, Ido, and Matan Golan, Brevel is at the forefront of the climate food-tech movement. With a vision to provide a sustainable and nutrient-dense alternative to conventional animal protein, Brevel's patented solutions reflect a response to the increasing demand for eco-friendly food sources. The company has taken substantial steps to realize its mission, including securing US$25 million in seed funding and launching its first commercial plant, symbolizing substantial growth potential in the burgeoning alternative protein industry.
Frequently Asked Questions
What is Brevel?
Brevel is a climate food-tech company focusing on innovative microalgae protein production to provide sustainable and nutritious alternatives to animal protein.
How much funding did Brevel secure?
Brevel successfully secured a total of US$25 million in its recent seed funding round extension.
What technology does Brevel use?
Brevel employs a proprietary technology combining light and sugar-based fermentation for cultivating microalgae, enabling the production of nutrient-rich proteins.
What partnerships has Brevel established?
Brevel has formed key partnerships, including a joint development agreement with The Central Bottling Company to support its commercial growth.
Who are Brevel's founding members?
Brevel was founded by three brothers: Yonatan, Ido, and Matan Golan, who are committed to creating sustainable food solutions.
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