Paleo's animal-free heme proteins for plant-based foods

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Investments & Finance

Paleo Raises €12M to Produce Animal-Free Heme for “Real Taste” Plant-Based Foods

Brussels-based precision fermentation firm Paleo, which aims to be a functional ingredient supplier for the alt protein sector, has raised €12 million in a Series A funding round to scale up the production of animal-free heme proteins and help manufacturers bring the “real taste” of meat to plant-based foods. Paleo focuses on producing myoglobin, a heme protein found in animal muscles that, when added to plant-based alternatives as an ingredient, replicates meat’s colour, smell, taste, and aromatic experience, providing iron and thus an increased nutritional value.  DSM Venturing and Planet A Ventures led the investment round, joined by Gimv, SFPIM Relaunch, Beyond Impact, and Siddhi Capital. GM-free heme proteins The Belgian food tech claims to be the first company to produce bioidentical GMO-free heme proteins of …

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