NautaDutilh assisted the investor consortium led by Novo Holdings in a Series A financing round of The Protein Brewery
NautaDutilh successfully assisted the new investors Novo Growth, the growth equity arm of Novo Holdings (as lead investor), Roquette Ventures and Unovis Asset Management on the EUR 22 million Series A financing round by The Protein Brewery.
The Protein Brewery is an innovative developer of protein-rich, animal-free food ingredients based in the Netherlands. The Protein Brewery was founded in January 2020, resulting from a demerger of BioscienZ, an industrial biotechnology company developing new technologies based on microbial fermentation as a core competence. The Series A funding will enable The Protein Brewery to continue its R&D activities, cover operational costs as well as scaling up production of its flagship product Fermotein™. Due to its innovative nature, the Fermotein™ product requires regulatory approval for application as a food ingredient. The Protein Brewery is already in the application process for the US and European markets, with regulatory approval anticipated in 2021 in the US and 2022 in Europe.
Click here for Novo Holdings' press release.