Paleo is a Belgian food ingredient company that develops functional meat and fish proteins for plant-based products through precision fermentation.
The company claims to be the European pioneer in precision fermentation for meat and fish proteins. In June 2022 , the company secured patents for 6 new variations of non-GMO heme that include beef, chicken, pork, lamb, tuna, and paleo-era mammoth proteins. Paleo noted that its production is powered by renewable energy, which uses 5x less energy, 10x less water, and 100x less land.
In November 2023, Paleo launched an office in Singapore to handle its APAC region operations, marking the company’s first expansion beyond Europe. Meat alternatives with Paleo’s heme range are expected to be available in several markets including, the US, Canada, Europe, Latin America, and Asia. In January 2024 , the company opened a new pilot-scale facility in Leven, Belgium, to expedite the production of its animal-free heme ingredient.
Funding and financials
In February 2023 , the company raised EUR 12 million (~USD 12.8 million) in a Series A funding round co-led by DSM Venturing and Planet A Ventures with participation from other investors. The funding was planned to be used for scaling up production as the company moves towards commercial production, as well as filing for regulatory approvals.
No investor data is available
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