Key Takeaways
- Revyve raises €24M in Series B funding, totaling over €40M in capital.
- The funding round was co-led by ABN AMRO Sustainable Impact Fund and Invest-NL, with a focus on sustainable food alternatives.
- The investment will accelerate Revyve’s production of functional yeast proteins to replace egg ingredients in various food applications.
Funding Boost for Sustainable Food Solutions
Gelderland-based food tech startup Revyve has secured €24 million in a Series B funding round, raising its total investments to more than €40 million. The funding was co-led by the ABN AMRO Sustainable Impact Fund and Invest-NL, with Invest-NL contributing €7 million.
The ABN AMRO Sustainable Impact Fund, one of the largest private impact funds in the Netherlands, targets companies that contribute positively to climate challenges. Senior Investment Manager Hanna Zwietering stated, “Revyve is pioneering sustainable alternatives to traditional egg ingredients, positioning itself as a global leader in scalable, low-footprint ingredients.”
Invest-NL, the Netherlands’ National Promotional Institution, aims to foster innovation and sustainability. Senior Investment Manager Lisette Kersting-van der Boog highlighted Revyve’s potential to accelerate the global protein transition and reinforce the country’s innovative edge with its game-changing technology.
Additional stakeholders in the funding round included Brabant Development Agency (BOM), strategic partners Lallemand Bio-Ingredients and Grey Silo Ventures, along with existing investors Oost NL and Cosun Strategic Ventures.
The recent investment will expedite the commercial rollout of Revyve’s functional yeast proteins, intended to replace eggs and additives in mainstream food products. Under the leadership of CEO Cedric Verstraeten, Revyve focuses on developing these proteins to replicate egg properties in items like bakery goods, sauces, meat substitutes, and dairy alternatives. Verstraeten explained, “Food manufacturers are reducing their egg usage to mitigate costs and meet sustainability goals. Our yeast proteins provide an affordable, clean-label solution for egg replacement while maintaining texture and mouthfeel.”
In 2024, Revyve plans to launch its first-of-a-kind production facility in Dinteloord, which is already operating at capacity for several clients. The new facility is expected to increase production to over 1,600 tons annually, ensuring a reliable supply for global customers. Verstraeten acknowledged the regional support from Wageningen and Brabant ecosystems, stating that it has allowed Revyve to scale operations rapidly. With a dedicated team and robust investor backing, the startup is well-positioned for global expansion.
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