Opalia Receives Investment from Dairy Supplier Hoogwegt Group for “Cow-Free” Cell-Based Milk
Opalia, previously BetterMilk, reportedly the only company developing cell-based milk in Canada, has secured CAD$2 million to accelerate the development of its first milk product and establish a commercial strategy. The financial round was led by the Netherlands-based Hoogwegt Group, the world’s largest independent supplier of dairy products and ingredients, operating since 1965 and with a presence in over 130 countries. Other investors including Ahimsa Foundation, Box One Ventures, Cycle Momentum, Kale United, and the Québec government’s Impulsion PME program, also backed the cell-based milk startup. Opalia has received additional funding from Natural Products Canada through its Proof of Concept Program. Jennifer Côté, Opalia’s CEO, shared: “With Hoogwegt leading our round, we’ve not only gained essential customer validation but also tapped into their extensive network and global market expertise, setting …
