Cano-ela Raises €1.6M to Extract Innovative Plant-Based Ingredients From Oilseeds
Dutch foodtech startup Cano-ela has raised €1.6 million in a new funding round. Participants included existing investor Oost NL and new investors Value Factory Ventures and Ecoseed. Cano-ela is working to transform underutilized canola seeds into high-value plant-based ingredients by processing them in an innovative way. These ingredients could reportedly be used by food companies to create the next generation of sustainable and natural plant-based foods. The startup aims to improve on existing extraction methods for oilseeds, which only extract one component (vegetable oil) and create big streams with poor functionality. Cano-ela told Silicon Canals that the new funding would allow it to upgrade its pilot facility, increase production capacity, and accelerate collaborations with food producers. “New exciting phase” Cano-Ela’s ingredients include: Worldwide, a few …