M Ventures contributed to a round which will support research and development for the non-dairy cheese developer as well as its move to a new headquarters.

Germany-based non-dairy cheese developer Formo raised $50m in series A funding yesterday from investors including M Ventures, the corporate venturing subsidiary of pharmaceuticals and electronics producer Merck Group.

Venture capital firm EQT Ventures led the round, which also featured Elevat3 Capital, Lowercarbon Capital, Lionheart Ventures, Happiness Capital, Agronomics, CPT Capital, Good Seed Ventures, Grazia Equity and angel investor Albert Wenger.

Founded in 2019, Formo has developed a method of creating cheese that uses microorganisms which are encoded with milk protein…

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Robert Lavine

Robert Lavine is special features editor for Global Venturing.
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