MeEat secures EUR 8 million in funding to accelerate international growth

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MeEat (MeEat Food Tech Ltd), a producer of plant-based protein products, has secured a EUR eight million funding round. At the round’s first closing, investors included Swiss private equity firm Emerald Technology Ventures, Tesi (Finnish Industry Investment) and Finnish KVKI Capital.

With the secured growth funding, MeEat will strenghten its position in the plant protein market and accelerates its international growth. New markets can also be targeted, including Germany, Denmark, and Benelux countries.

Interest in plant-based protein sources continues to grow globally and in Finland. Concerns over health and over climate warming have made people diversify their diet.

”Global food production is a significant global source of greenhouse emissions. We at Tesi have recognised alternative protein sources as one way to reduce those emissions, so MeEat fits perfectly into Tesi’s portfolio with the concrete impact it possesses. The MeEat team has made excellent work, and we want to contribute to accelerating its growth together with other investors,” comments Jan-Patrick Haikkola, Investment Manager at Tesi.

Tesi made an initial investment in the company.

 

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Additional information:

Jan-Patrick Haikkola, Investment Manager, Growth and Industrial Investments
jan-patrick.haikkola@tesi.fi
+358 40 964 4527

 

Tesi (Finnish Industry Investment Ltd) is a state-owned investment company that wants to raise Finland to the front ranks of transformative economic growth by investing in funds and directly in companies. We invest profitably and responsibly, together with co-investors, to create the world’s new success stories. Our investments under management total 2.4 billion euros. www.tesi.fi | @TesiFII