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Germany's Veganz secures fresh financing.

Authors :
Mathieu, Henry
Source :
Aroq - Just-Food.com (Global News); 8/6/2024, pN.PAG-N.PAG, 1p
Publication Year :
2024

Abstract

German plant-based food manufacturer Veganz has secured €10m ($10.9m) in equity financing from US-based investment firm Global Corporate Finance LLC (GCF). The funds will be used to scale the production of Veganz's milk-alternative brand Mililk and its pea protein-based meat alternative, Peas On Earth. Veganz aims to optimize and automate production processes to meet increasing demand. Last year, Veganz acquired parts of cheese-alternatives producer Happy Cheeze and its production facility. Veganz is focused on expanding in Germany and the DACH region, but is also considering options for expansion in other countries. [Extracted from the article]

Details

Language :
English
Database :
Complementary Index
Journal :
Aroq - Just-Food.com (Global News)
Publication Type :
Report
Accession number :
178879892