Addressing the pressing need for sustainable alternatives to meet the growing global protein demand, Hamburg-based biotech startup MicroHarvest has raised 8.5 million euros in funding. The new capital will allow the startup to bring their single cell protein production process to commercialisation.
The Series A round was led by Astanor Ventures and Happiness Capital and backed by Faber and existing investor FoodLabs. MicroHarvest will use the fresh funding to grow its research and development team, construct a pilot plant in Lisbon and accelerate towards commercial-scale production. The startup was founded in 2021 and has its roots at the TU Hamburg.