#Denmark #Copenhagen #Plant-Based Meat #MATR Foods #organic alternatives

MATR Foods Makes Waves with €40m Fundraise

MATR Foods, a pioneering company in the plant-based food sector, has announced that it has successfully completed a remarkable €40 million fundraising round. This financial boost is intended to upscale production and accelerate the internationalization of its unique range of organic plant-based meat alternatives. The fundraise is co-led by prominent investors, including Novo Holdings and the Export and Investment Fund of Denmark (EIFO), with additional financial support from the European Investment Bank (EIB).

Strategic Growth through Funding

The €40 million includes €20 million through Series A equity and €20 million in venture debt, marking it as Denmark's largest food technology funding secured to date. The main objective of this investment is to significantly enhance MATR’s innovative fermentation processes at their facility in Ansager, Jutland. This scale-up aims to increase production capacity to an impressive 4,000 tonnes per year, which aligns with the surging consumer demand for high-quality, plant-based products renowned for their juicy texture and rich umami flavors.

CEO Randi Wahlsten expressed her excitement about this new chapter, stating, "We are very excited to take our production to scale and internationalize the business. This opportunity allows us to serve our customers and culinary enthusiasts better, who have shown remarkable loyalty to our products."

Turbulent Times Demand Sustainable Solutions

In a world increasingly aware of climate change and health issues, the demand for sustainable and nutritious food options, such as plant-based alternatives, is rising sharply. CURRENT food consumption trends indicate that consumers are looking for products that provide both a lower environmental impact and health benefits.

MATR’s fermentation techniques allow for the creation of meat alternatives with a significantly reduced carbon footprint—only 1.5 kg CO2e per kilogram of product, which is 94% less than traditional beef. These figures underscore the company’s commitment to sustainability and a healthier future.

Thomas Grotkjær from Novo Holdings hung the big picture emphasizing that their investment reflects trust in MATR's capacity to meet consumer expectations while tackling vital global issues like health and environmental sustainability.

Expanding Workforce and Operational Capacity

With this investment, MATR Foods anticipates creating around 60 new local jobs and preparing to expand its service to customers in Germany, Denmark, and Switzerland. The company’s flagship product, MATR Fungi Mince, exemplifies their commitment to quality, being composed entirely of natural ingredients sourced within Scandinavia. Rich in protein and fiber but low in fat, MATR Fungi Mince is an innovative product that promises a meat-like profile without relying on heavy processing or artificial ingredients.

Lasse Köhler from EIFO reiterated the green transition's significance, stating that their commitment to supporting Danish food innovation is a priority.

A Vision for the Future

Founded in 2021 in Copenhagen, MATR Foods merges microbiology and culinary arts to tackle pressing global challenges related to climate change, biodiversity loss, and health issues. It plans to roll out its new production line by early 2027, thereby augmenting Denmark's reputation as a leader in sustainable food development and elevating its export potential.

As MATR Foods continues to expand its product range and international presence, its innovative measures in sustainability and health might play a vital role in shaping the future of food. As consumers continue to shift towards sustainability, companies like MATR are positioned to lead in providing alternatives that satisfy both environmental and dietary demands.

Conclusion

MATR Foods is not just a company but a movement toward a more sustainable future through innovative food solutions. With this recent fundraising success, the journey to redefine and expand the plant-based meat sector is just beginning, making it an exciting time for both the company and its consumers.

For more information about Matr Foods and their offerings, visit MATR Foods.