Yeastup Raises €9.47M to Turn Dairy Site Into Facility Upcycling Spent Brewers’ Yeast
Switzerland’s Yeastup, a company that extracts functional ingredients from spent brewers’ yeast using a patented process, has raised CHF 8.9 million (€9.47 million) in Series A funding. The funding will enable Yeastup to repurpose a former Swiss dairy facility into a large-scale production site with the capacity to upcycle over 20,000 tons of spent brewers’ yeast per year. The facility will require limited capital expenditure while benefiting from top-quality equipment. The new site will help to meet the significant demand for Yeastup’s products while serving as a reference site for global scaling efforts. To ensure cost competitiveness, Yeastup has established several strategic partnerships in supply and engineering. Investors that have provided funding to Yeastup include Beyond Impact, Gentian Investments, Newtree Impact, and Angel House. Various …