20th July 2022 Content supplied by: Brevel
Brevel Aim to Become The #1 Choice for Plant-based Protein Worldwide
Brevel uses non-GMO microalgae grown in a unique breakthrough technology that enables the highest quality of sustainable protein production at cost levels comparable to pea and soy, the leading sources of plant-based protein today. The current alternative protein market has many problems when it comes to cost, flavor, functionality, quality, and sustainability. Microalgae are the ultimate source of protein in terms of sustainability, but unfortunately, the existing options for microalgae as an alternative protein have very high costs and flavor barriers. Brevel’s solution for microalgae-based protein has managed to solve these challenges.
Brevel’s technology is the first globally to combine sugar-based fermentation of microalgae with a high concentration of light at industrial scales. The result is a protein that will be price competitive with pea and soy and is color and flavor neutral. Brevel’s protein solves immediate challenges in plant-based dairy and egg products that lack a valuable nutritional profile due to the need for very mildly flavored protein sources. Due to the high nutritional values and sustainable production in the mid and long terms, Brevel is aiming to become the #1 choice for plant-based protein worldwide.
Brevel has raised $8.4M in a Seed funding round. The funding will be utilized to build a commercial pilot factory which will serve as the basis for scaling Brevel’s proprietary technology and enhancing R & D capabilities. The alternative protein’s dedicated investors include FoodHack, Good Startup VC, Tet Ventures, and Nevateam Ventures, amongst other prominent investors from the food tech industry. The round also includes significant funding from the EU’s prestigious program Horizon2020 and Israel’s Innovation Authority in the form of non-dilutive grants.
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Date Published: 20th July 2022
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