VTT spinout 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.
Solar Foods, a Finland-based protein powder developer spun out of VTT Technical Research Center of Finland and Lappeenranta University of Technology (LUT), has raised €18.5m ($20.7m) in a series A round.
Packaged food producer Fazer Group has led the €15m second tranche and now owns a 15% stake in the company.
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…
