Wageningen-based FoodTech scale-up Revyve has raised almost €24 million in Sequence B to speed up the rollout of useful yeast proteins designed to interchange eggs and components in mainstream meals classes – bringing whole capital raised to greater than €40 million.

The Sequence B spherical was co-led by ABN AMRO Sustainable Influence Fund and Make investments-NL with regional help from Brabantse Ontwikkelings Maatschappij (BOM) and strategic investments by Lallemand Bio-Elements’ Swiss affiliate Danstar Ferment and Gray Silo Ventures (CVC of Cereal Docks Group). Existing traders Oost NL and Royal Cosun doubled down on their dedication.

“Meals producers are slicing again on eggs to offset growing costs and attain sustainability targets, however replicating their distinctive performance is essential to sustaining the feel and mouthfeel customers are used to. That is precisely the place our Yeast Proteins are available in, offering an reasonably priced and clear label resolution for egg alternative or egg discount,” stated Cedric Verstraeten, CEO of Revyve.

He provides: “This funding spherical marks a tipping level for us: permitting us to modularly scale manufacturing and department out to extra meals classes and serve our sustainable options to bigger clients worldwide.”

Based in 2021, Revyve, is a purpose-driven FoodTech firm with the aim of making a extra sustainable meals system. The corporate arose from Wageningen College & Analysis (WUR) within the Netherlands, the place its founding scientists found the potential of yeast to imitate the performance of eggs.

Revyve’s substances introduce genuine textures that assist change animal proteins and “clear up” product labels.

“We’re excited to accomplice with Revyve as they pioneer urgent sustainable alternate options to conventional egg substances. Their resolution addresses a crucial want within the meals transition: scalable substances with a low environmental footprint and compelling economics for meals producers.

“We imagine this mixture of economic viability and measurable sustainable advantages makes Revyve uniquely positioned to develop into a world chief. We look ahead to supporting their journey,” stated Hanna Zwietering, ABN AMRO SIF Senior Funding Supervisor.

Revyve produces extremely useful yeast proteins that mimic the efficiency of eggs in meals classes similar to bakery, sauces, various meat and plant-based dairy. In contrast to many substitutes, Revyve’s substances are pure, extra sustainable, and value aggressive, serving to producers reply to 3 urgent business challenges:

• Rising egg prices: Unstable pricing is driving demand for reasonably priced and value steady alternate options.
• Scrutiny of ultra-processed meals: Manufacturers are below stress to eradicate components whereas holding performance.
• Sustainability: Main retailers and meals producers are demanding cuts to CO₂ footprints throughout the availability chain.

Lisette Kersting-van der Boog, Senior Funding Supervisor of Make investments-NL provides: “With their useful egg-replacement substances, Revyve can play a serious function in accelerating the worldwide protein transition and fostering round options that scale back stress on land, water and animals. We’re proud to take a position on this Dutch firm, which strengthens the nation’s revolutionary energy with a pioneering know-how that has the potential to rework meals manufacturing worldwide.”

In 2024, Revyve commissioned its first-of-a-kind (FOAK) manufacturing facility in Dinteloord, the Netherlands. Already operating at capability for a number of clients, the location has confirmed the corporate’s skill to provide and promote industrial volumes. With this new funding, Revyve will broaden output to over 1,600 tons per 12 months, guaranteeing dependable provide for international accounts.

Verstraeten provides: “Sturdy regional help from each the Wageningen and Brabant ecosystems has enabled us to scale to industrial ranges in file time. With a stellar staff and robust investor backing, we now have an extremely strong basis for international enlargement.”

With industrial manufacturing in full swing, Revyve is already serving clients throughout Europe, UK, USA, Canada, Mexico and Australia. 

“Revyve’s plans align seamlessly with our mission to place Brabant because the Scale-Up Plant of Europe. Their breakthrough know-how not solely contributes to a extra sustainable meals system but additionally exemplifies the type of daring innovation we intention to foster within the area. We’re proud to help Revyve in scaling their impression from Brabant to the world,” added Ingrid Nieweg, Funding Supervisor at BOM.