In Estonia, ÄIO, a biotechnology company developing sustainable, non-animal fats and oils via fermentation, has been awarded a €1.2 million (US$1.4 million) grant from Enterprise Estonia to advance its new FERM-OIL project. Over the next three years, the project will take ÄIO’s Flavoured Fat, a lipid-rich yeast biomass with umami taste and functional mouthfeel, from […]
In Estonia, biotechnology startup ÄIO has raised €6.1 million through venture capital funds Voima Ventures, 2C Ventures, SmartCap and Nordic Foodtech VC. The funds will be used to build a demo plant in Estonia to produce environmentally friendly oils and fats from wood and agricultural residues, offering an alternative to the widely used oils in […]
In Estonia, foodtech startup Äio has closed a €6.1 million ($6.8 million) funding round to build a demonstration-scale, fermentation-based production unit converting crop and wood waste into palm oil and animal fats. Investors included Voima Ventures, 2C Ventures, Nordic Foodtech VC, and SmartCap Green Fund. “Providing sustainable alternatives to products such as palm oil or […]
