Vivici's €32.5 Million Funding Boosts Dairy Protein Innovation
Vivici Secures Major Funding to Drive Dairy Protein Innovation
Vivici has made significant strides by securing €32.5 million in Series A funding aimed at revolutionizing the dairy ingredients market. This funding represents a major endorsement for the company, known for its focus on precision fermentation technology and its backing by established industry champions. With this financial boost, the startup is poised to take a leap towards full commercialization of its innovative dairy proteins.
Support from Prominent Investors Shapes the Future
The funding round attracted notable investors, including Pensioenfonds ABP, one of the largest pension funds globally, alongside Invest-NL and InnovationQuarter. The commitment shown by these investors highlights their confidence in Vivici’s mission to innovate in the dairy space, further supported by existing partners, dsm-firmenich and Fonterra.
Strategic Goals Following Funding
With the newly acquired funds, Vivici plans to expand its reach into new international markets. The focus will also be on launching its second dairy protein, slated to debut in the latter half of the year following this funding success.
Precision Fermentation: A Game Changer
Vivici utilizes a groundbreaking technique known as precision fermentation to produce its dairy proteins. This method integrates traditional fermentation processes with advanced biotechnological innovations, eliminating the need for animal resources. By doing so, it aims to sustainably fulfill the world's increasing protein demands without compromising on flavor or nutritional quality.
Introducing Vivitein™: A New Era in Protein
At the heart of Vivici's innovation is its proprietary protein platform, Vivitein™. This platform is expected to redefine how protein is produced for the dairy industry, addressing the growing consumer demand for quality and sustainable protein sources.
Environmental Benefits of Vivitein™ BLG
The first product launched under Vivitein™ is Vivitein™ BLG, an isolated whey protein that promises remarkable environmental advantages. Compared to traditional dairy protein production methods, Vivitein™ BLG conserves approximately 86% more water and boasts a carbon footprint 68% smaller than conventional techniques. This is a significant step towards sustainable protein production.
Key Insights from Company Leadership
The CEO of Vivici, Stephan van Sint Fiet, expressed enthusiasm about this investment, stating, "With this funding, we are on track to transform precision fermentation into a commercial reality. It reflects the trust investors place in our vision and abilities." This sentiment underscores the exciting potential of the Vivitein™ platform to set a new standard in the protein market.
Tapping into the Active Nutrition Market
Vivici's initial offering, Vivitein™ BLG, targets consumers interested in active nutrition. The global market for active nutrition products was valued at approximately US $28.4 billion and is expected to keep growing robustly in coming years. The innovative solutions from Vivici, including water-based protein drinks and vegan bars, could reshape this sector significantly.
Looking Ahead: Future Product Launches
Vivici is not resting on its laurels; it has a strong pipeline of innovative ingredients ready to hit the market. The next exciting launch is scheduled for later this year and promises to further elevate the company's impact in the dairy space.
Frequently Asked Questions
What is Vivici's main focus?
Vivici focuses on producing dairy proteins through precision fermentation, aiming for sustainable and innovative solutions for food companies.
How much funding has Vivici secured?
Vivici has secured €32.5 million in Series A funding to enhance its product offerings and market reach.
What are the benefits of Vivitein™ compared to traditional proteins?
Vivitein™ offers significant environmental benefits, including less water usage and a lower carbon footprint compared to conventional dairy protein production methods.
Who are Vivici's key investors?
Key investors include Pensioenfonds ABP, Invest-NL, and InnovationQuarter, along with ongoing support from dsm-firmenich and Fonterra.
What markets is Vivici targeting with its new products?
Vivici aims to expand into international markets and specifically targets the growing active nutrition sector.
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