Venture Capital: Israeli Startup Brevel Raises $18.5M Seed For Alternative Proteins

Brevel makes alternative proteins from microalgae.

Brevel, a microalgae-based alternative protein company, has secured $18.5 million in seed funding to develop a neutral-tasting, sustainable, and affordable protein for the mainstream food industry. The company’s technology combines sugar-based fermentation of microalgae with high light concentrations at an industrial scale, resulting in a protein that can be used in various plant-based products.

This breakthrough addresses the main barriers for new protein sources, including taste, functionality, and cost, making Brevel’s proteins increasingly sought after by food manufacturers. The company is particularly focusing on the dairy alternative sector, where its protein can enhance nutritional value and texture without compromising taste or cost.

By generating valuable co-products alongside the functional protein, Brevel has achieved cost parity with traditional plant-based protein sources like pea and soy, making its protein competitive in the market. The funding will support the company’s transition to commercial-scale production with a 5000-litre fermentation and light system.

The funding round was led by NevaTeam Partners, with support from the European Union’s EIC Fund and other food and climate funds, as well as strategic partners from the food industry. With this funding, Brevel aims to become a leading player in the global alternative protein industry, contributing to sustainable nutrition for a healthier and environmentally friendly future.

Related Story:  European Lab-Grown Seafood Startup BLUU Raises $17.5M

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