MOA Foodtech raises €3.3m to expand ingredient production
The financing supports customer launches and an increase in partner bioreactor capacity from 120,000 to 225,000 litres.
EIC Fund, Swanlaab Innvierte Agri Food Tech and CDTI-Innvierte backed the financing.
MOA has completed commercial ingredient validation and plans to accelerate commercial expansion. Production with manufacturing partners will grow alongside customer launches in food and pet nutrition.
The company also plans to develop its ingredient and byproduct-valorisation offerings, building on AI-guided fermentation products already in commercial production.
Use of funds
Accelerate commercial expansion and customer launches
Scale production with manufacturing partners from 120,000 to 225,000 litres of bioreactor capacity
Develop ingredient and by-product valorisation offerings