Scandinavia

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Investments & Acquisitions

General Public is Invited to Participate in €4M Kale United Round

The Swedish holding company Kale United invites the general public to a €4M round to expand investment opportunities in sustainable plant-based businesses.  According to Kale United, the current invitation to acquire shares coincides with a 1.8 million euro investment from institutional investors. UK-based IP Group, dedicated to evolving great ideas into world-changing businesses, is among the larger investors in this round. The financial advisor Pepins will manage the public round, and retail investors are welcome to acquire new shares valued at €2.3M. The share price will be 24.9 euros with a minimum tradable lot of ten shares, announced Kale United. “Meat and dairy represent about one-third of the world’s climate challenges. That’s why we’re inspired by Kale United’s business and its ambition of lowering thresholds …

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Mycorena

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Investments & Finance

Swedish Mycoprotein Pioneer Mycorena Raises $9M for Sustainable Proteins from Upcycled Food Waste

Scandinavian mycoprotein startup Mycorena AB has announced the completion of its Pre-Series A funding round, raising over $9 million. The funding represents one of the largest-ever investments in a Nordic vegan food-tech company and takes its total investment close to $12 million.  Founded in 2017, Mycorena has grown its flagship mycoprotein ingredient Promyc, which is already being tested as a protein ingredient in several commercial vegan products sold in Scandinavia. With the ultimate aim of replacing animal-based protein, the sustainable ingredient is developed by upcycling food waste in industrial processing such as bread dough from bakeries. With the closing of this investment round, the project to build a large-scale Promyc production capacity can now be fully kickstarted. In 2020 the Gothenburg-based startup raised over €1.2 …

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