Categories
fermentation precision

Precision fermentation innovator Formo celebrates record funding round

The company, formerly called LegenDairy, uses precision fermentation to produce milk protein without the cow. Formo has announced that it has closed its Series A financing round led by EQT Ventures, with Elevat3 Capital and Lowercarbon Capital as co-leads. The funding raised by Formo amounts to $50M, a record for a European foodtech.The start-up will…