Solar Foods, developer of a method of creating protein from air, has increased a series A round led by strategic partner Fazer Group to $20.7m.
Packaged food producer Fazer Group has led a €18.5m ($20.7m) series A round for Finland-based protein powder developer Solar Foods and now owns a 15% stake in the company.
The corporate led a €15m second tranche of the round that included CPT Capital, the venture capital arm of Jeremy Coller’s family office, as well as VC firm Lifeline Ventures, investment platform Agronomics and a vehicle called Bridford Investments.
The additional capital was added to €3.5m in convertible note financing the…
