MOA Foodtech Raises €3.3 Million to Boost Sustainable Protein Production
Pamplona-based MOA Foodtech, a company that leverages artificial intelligence and fermentation to convert food industry byproducts into sustainable protein, has secured €3.3 million in its latest funding round. The investment will aid MOA Foodtech in furthering its mission to provide innovative food solutions that benefit both people and the planet.
Investors and Funding Details
The funding round, which remains undisclosed in terms of its specific series, attracted investments from the European Innovation Council Fund, Swanlaab Innvierte Agri Food Tech, and CDTI-Innvierte. These investors are known for supporting technological advancements in the agri-food sector.
Leadership at MOA Foodtech
The company is led by CEO and Founder Bosco Emparanza Garcia, alongside CSO and Co-Founder Susana Sanchez Gomez. Their leadership has been pivotal in steering the company towards its goal of sustainable food innovation.
Strategic Use of Funds
Although specific plans for the newly acquired funds were not detailed, it is expected that the capital will be used to enhance MOA Foodtech's production capabilities and expand its technological framework, furthering its impact in the sustainable food industry.
Conclusion
MOA Foodtech's recent funding marks a significant step in its journey to revolutionize how food byproducts are repurposed, contributing to a more sustainable future for the food industry.