Lab-Grown Mozzarella Gets New Funds for Global Cheese Expansion
- Berlin-based startup Formo secures $50 million in funding
- Companies are working on new generation of cheese alternatives
Lab-grown mozzarella.
Source: Formo
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A startup that makes cultured mozzarella and ricotta cheeses without cows has just got record funding from investors looking to tap the growing market for environmentally friendly dairy alternatives.
Berlin-based Formo will use the $50 million of Series A funding -- a record for a European foodtech -- to expand its product range into mature and ripened cheeses like cheddar and gruyere. The company will also scale up its precision fermentation technology, it said in an emailed statement Monday.