Food Brewer Raises Over $11M with Backing from Lindt & Sprüngli and Sparkalis
Zurich-based food-tech startup Food Brewer has secured new investment from Swiss chocolate manufacturer Lindt & Sprüngli and Sparkalis, the corporate venture arm of Puratos, as part of a CHF 5 million ($5.6 million) seed extension round. The investment brings the company’s total funding to CHF 10 million ($11.1 million), according to AgFunderNews. Food Brewer specializes in producing cocoa and coffee alternatives using plant cell culture, a process that involves selecting and cultivating plant cells in bioreactors. The startup aims to provide a climate-resilient alternative to traditional cocoa and coffee production, which faces increasing challenges due to climate change and rising raw material costs. In a statement on social media, Food Brewer said that Lindt & Sprüngli’s involvement would support its go-to-market strategy and product development …
