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Vanetta Food secures EUR 400,000 in funding to expand market presence and product offerings
Plant-based Meat
Jul 2, 2024
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Plant-based Meat

Plant-based Meat

Jul 2, 2024

Vanetta Food secures EUR 400,000 in funding to expand market presence and product offerings

Funding

  • Vanetta Food, a Spanish food technology startup, has raised EUR 400,000 (~USD 431,624) in funding. This comprised  EUR 200,000 (~USD 215,812) in venture funding from business angel participants Galician, Emilio Froján, María Souto, Fernando Orejón, and other investors, a pre-approved loan of EUR 150,000 (~USD 161,821), and EUR 50,000 (~USD 53,940) from various grants from the Xunta de Galicia.

  • Vanetta intends to use the funding to consolidate its launch in the Spanish plant-based foods industry and to expand its product offerings at retail stores and online sales.

  • Vanetta Food, founded in 2023, specializes in innovative food technology producing sustainable plant-based meat products. Its portfolio includes beef and pork alternatives such as plant-based loin and cachoppo, made in its  Galicia facility.

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