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Brevel

Plant-based Meat
Plant-based Dairy & Egg
Segments:
Supplier (Technology/ Ingredients)
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Product stage:
Seed
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Brevel is an Israel-based plant-based ingredients startup that develops cultivation technology for microalgae-based alternative proteins for various applications. 

The company claims they have solved issues associated with microalgae as a protein source such as high production cost, low nutritional profile, and palatable taste by utilizing proprietary technology that combines fermentation and photosynthesis in indoor, fully automated reactors. Compared to existing solutions, this method is claimed to increase yield per land by 200x and reduce cost by 90%. According to Brevel, the resulting product is color and taste-neutral while being comparable to other leading alternatives such as soy and pea.

The company plans to build two large facilities (5,000 and 900,000 liters) and have its products on shelves by 2024.

Funding and financials

In July 2023 , Brevel raised USD 18.5 million in a seed funding round led by NevaTeam Partners, with participation from the European Union's EIC Fund and others. The funding included USD 8.4 million raised in June 2022 , converted from grants and convertible loans into equity. The funding was earmarked for the further development of its protein and expansion of operations.

Plant-based Meat

Plant-based Meat

Key stats
Featured companies
174
Total funding (USD)
7.7 Bn
Total addressable market (USD)
103.5 Bn
Key competitors
 
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Product Overview
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Company profile
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EDGE Insights

Q2 2022 Plant based meat menu: Toward price parity

Recent Updates

Funding
Jul 25, 2023
Brevel raises USD 18.5 million in seed funding
Plant-based Meat
Partnerships
Oct 27, 2022
Vgarden partners with Brevel to develop new microalgae-based cheese
Plant-based Dairy & Egg

Company Brief


HQ location:
Shekef ISR
Founded year:
2016
Employees:
11-50
Total Funding:
USD 21.6 million
Last Funding
USD 10.1 million, Jul 2023

Funding


Investors


No investor data is available

Funding data are powered by Crunchbase
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