Fundraising Fox

Formo

Frankfurt, DE · Founded 2019 · 83 employees on LinkedIn · 12 known investors

Find your way into Formo

Formo is a biotechnology company using fermentation and microbiology to create animal-free dairy products through molecular recreation rather than plant-based mimicry. The company serves the food and dairy industry with sustainable alternatives to conventional dairy.

BiotechClimate TechFoodTech

Founders & leadership

Formo was founded in 2019 by Raffa.

R
Raffa

Investors · 12

FoodLabsBerlin
Good Seed Ventures
Grazia Equity GmbHStuttgart · $540K – $2.7M
Grey Silo VenturesMilan
LOWERCARBONJackson · $1M – $50M
Lowercarbon CapitalLos Angeles · $100K – $5M
M VenturesLos Angeles · $10.8M
Atlantic LabsreportedBerlin · $108K – $540K
Elevat3 CapitalreportedValletta · $5M – $20M
EQT Venturesreported · 2 sourcesLuxembourg · $2M – $50M
Happiness CapitalreportedHong Kong

Also in the syndicate · 1

REWE Group

Funding

SEC filings, press & company announcements

$61M disclosed across 1 of 3 rounds · 2024

Source: company announcements and press reports — follow each round's link for the claim.

Competitors · 1

by search overlap
Dairyfoods6 shared keywordsCacique is a food manufacturer that produces Mexican-style cheese products, including shredded and grated varieties. The company serves home cooks seeking authentic Mexican ingredients with convenient, quality-focused offerings.

Companies competing with Formo for the same Google search keywords, organic and paid, via search-intersection analysis.

In the news

Formo bags $61 million in Series B funding - launches the world’s first animal-free cheese made with Koji Protein | Cluster Gesundheitswirtschaft Berlin-Brandenburghealthcapital.de · Oct 2024Formo raises $61M Series B for plant-based cheese - Tech.eutech.eu · Sep 2024Formo raises $61m in Europe's biggest round for animal-free cheese | Siftedsifted.eu · Sep 2024Formo Launches Animal-Free Cheese in Retail with $61M Series Bgreenqueen.com.hk · Sep 2024Formo raises $61m Series B, launches cheese alternatives featuring koji: 'We aim to become a real challenger brand'agfundernews.com · Sep 2024Berlin-based foodtech startup Formo raises €42 million to supercharge animal-free cheese production | EU-Startupseu-startups.com · Sep 2021

Frequently asked questions

What does Formo do?
Formo is a biotechnology company using fermentation and microbiology to create animal-free dairy products through molecular recreation rather than plant-based mimicry. The company serves the food and dairy industry with sustainable alternatives to conventional dairy.
Who founded Formo?
Formo was founded by Raffa in 2019.
Who are Formo's investors?
Formo's investors include FoodLabs, Good Seed Ventures, Grazia Equity GmbH, Grey Silo Ventures, LOWERCARBON, Lowercarbon Capital, M Ventures, Atlantic Labs and 3 more.
How much funding has Formo raised?
Formo has disclosed $61M raised across 1 of its 3 known rounds.
Where is Formo headquartered?
Formo is headquartered in Frankfurt, DE.