Bolder Foods Ceases Operations After Struggling to Secure Funding
Bolder Foods, a Belgian food tech startup specializing in alternative dairy ingredients, has announced that it has shut down. In a post shared via LinkedIn, co-founder and CEO Ilana Taub confirmed the closure, explaining that the company had been unable to secure the necessary funding to continue operations. Despite its innovative approach and a promising team, Bolder Foods was unable to meet its financial targets. “We didn’t close the round we needed,” Taub wrote, reflecting on the company’s inability to raise the capital required to continue its development. Founded with the goal of creating sustainable solutions for the dairy industry, Bolder Foods had focused on developing ingredients for plant-based cheese using submerged biomass fermentation. The company’s flagship product, MycoVeg, was a mycelium-based ingredient designed to …