German plant-based brand Veganz has revealed it is planning an IPO, which will see its shares trade on the Regulated Unofficial Market of the Frankfurt Stock Exchange within a few months.
Veganz Secures €10M to Scale Production of Mililk 2D-Printed Milk Alternatives
German plant-based food producer Veganz Group AG has signed a Securities Purchase Agreement with Global Corporate Finance LLC (GCF), securing equity financing of up to €10 million. The funding will allow Veganz to scale up the production of Mililk, an innovative milk alternative supplied in the form of 2D-printed sheets that can be blended with water. By optimizing and automating manufacturing processes, the company hopes to increase its capacity for the production of milk alternatives by a factor of five to meet growing demand. Veganz will also use the funds to increase the output of Peas on Earth, a pea protein-based meat alternative. The contract with GCF allows for a flexible use of the financial resources over a 30-month period. Funds will be raised by …