In Switzerland, a startup using cell culture technology to produce cacao and coffee has raised CHF 5 million ($5.6 million) in a seed round.
Founded in 2021, Food Brewer aims to use advanced techniques to produce commodities that are currently challenged by land scarcity, climate, and ethical concerns.
Vegconomist reports that investors included family offices from Switzerland and the US, the Zürcher Kantonalbank, and chocolate manufacturer Max Felchlin AG. Funds will be used for R&D and to expand production.
“These funds will be destined towards the scaling of our cocoa and coffee processes to make the secure access to these delicious ingredients a reality,” the company shared on social media.