Rival Foods Raises €10M to Scale Production of Clean-Label Plant-Based Whole Cuts
Dutch food-tech scale-up Rival Foods has raised €10 million in a Series B funding round led by pension investor APG on behalf of ABP. PYMWYMIC and ROM Utrecht Region also participated, while existing shareholder PeakBridge provided follow-on investment. Rival Foods has developed a proprietary platform to produce whole-cut, clean-label plant-based meat alternatives that are free of additives. The company will use the new funding to double production capacity at its facility in Geldrop and further scale its proprietary manufacturing technology. This will enable the optimization of production costs, which could help the products become cost-competitive with animal meat. Rival will also use the capital to grow its team and expand internationally, forming partnerships with major players in foodservice and retail. “This investment marks a major …