Fundraising Fox

Formo

Founded 2019 · 83 employees on LinkedIn · 12 known investors

Formo uses precision fermentation to produce bio-identical milk proteins, such as its Formo Casein, that replicate the functionality, texture, and taste of dairy without animals. The company applies this technology to create animal-free dairy products like cheese.

BiotechClimate TechFoodTech

Investors · 12

FoodLabsBerlin
Good Seed Ventures
Grazia Equity GmbHStuttgart · $540K – $2.7M
Grey Silo VenturesMilan
LOWERCARBONJackson · $1M – $50M
Lowercarbon CapitalNew York · $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 keywordsDairy Foods is an industry trade media publication covering news, trends, and new products for the dairy industry, offering content such as podcasts, events, and classified listings for a professional dairy audience. It is published by BNP Media.

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 uses precision fermentation to produce bio-identical milk proteins, such as its Formo Casein, that replicate the functionality, texture, and taste of dairy without animals. The company applies this technology to create animal-free dairy products like cheese.
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.