Funding Details
- Awarder
- YCombinator
- Date Award
- June 29, 2021
- Vertical
- Consumer,Food and Beverage
- Funding URL
- View Funding Page
- Valuation
-
$0
Company Info
- Founding Year
- 2021
- Company Description
- Imagine a world without chocolate. Horrifying, right? But the supply of cocoa is endangered and chocolate is as bad as meat for our planet.
We make future-proof chocolate using precision fermentation. Doing this, our chocolate is 10x more sustainable and 20% cheaper than conventional chocolate. In order to mimic the organoleptic properties of chocolate (tender, smoothly melting taste release) we are working on the flavor itself but also on replacing the cocoa butter.
55 Mio lbs of chocolate are consumed every day. By 2035 we will substitute a big chunk of it through our sustainable chocolate.
In addition, we are working on extending our technology platform to additional ingredients such as palm oil.
- Market
- Consumer
- Location
-
Munich,
BY,
Germany
- Coinvestors
- YCombinator
Links