Edonia Raises €15 Million to Boost Microalgae Protein Production
Edonia, a company based in Palaiseau, Île-de-France, has successfully raised €15 million in an undisclosed funding round to enhance its production of spirulina-based protein. The funding round was led by SWEN Blue Ocean 2, with participation from Asterion Ventures and EIT Food.
Innovative Protein Source
Founded by Jerome Desbois, Edonia focuses on developing Edo®, an ingredient derived from spirulina. This product is marketed as having a higher protein content than meat, offering a clean-label alternative with a savory umami flavor. The ingredient is targeted at both the food service and agro-industrial sectors, providing a sustainable protein source.
Strategic Use of Funds
The newly raised funds will be utilized to scale up production capabilities and meet the growing demand for Edonia's spirulina-based protein. The company has already secured €30 million in pre-orders, indicating strong market interest and potential for significant growth.
Location and Leadership
Edonia is headquartered at 22, Place de l'agronomie, Palaiseau, Île-de-France, France. Jerome Desbois, the founder, continues to lead the company's efforts in expanding its innovative protein solutions.
Investor Interest
The lead investor in this funding round, SWEN Blue Ocean 2, is known for supporting sustainable and innovative food tech solutions. The involvement of Asterion Ventures and EIT Food further underscores the growing interest in alternative protein sources and sustainable food production.
Edonia's successful funding round marks a significant step forward in the company's mission to provide eco-friendly protein alternatives and expand its presence in the food tech industry.