- EvodiaBio raised €7M from investors including EIFO and The March Group.
- The technology uses yeast and precision fermentation to produce sustainable hop aromas.
- The aromas are initially targeted at improving non-alcoholic beer.
- EvodiaBio received early-stage support of €2M from the Danish BioInnovation Institute.
Investment and Expansion
The Danish startup EvodiaBio has secured a €7 million investment from both foreign and Danish funds, including EIFO and The March Group. This capital will be used for commercialization and expansion efforts.
Innovative Technology
EvodiaBio has developed a sustainable method using yeast and precision fermentation to produce natural aromas. This technology aims to improve the taste of non-alcoholic beer while reducing the use of natural resources and CO2 emissions.
Target Market
The initial focus is on the beer industry, particularly non-alcoholic beer, where these sustainable aromas can replace traditional hops, which are increasingly threatened by climate change.
Industry Interest
There is significant interest from breweries, and the company plans to expand its technology to enhance the taste of various beverages and food products in the long term.
Strong Backing
EvodiaBio is supported by a strong board, including notable figures like Flemming Besenbacher, former Chairman of Carlsberg, and Andreas Fibig, former CEO of IFF. The company also received early-stage financial support of €2 million from the Danish BioInnovation Institute, founded by the Novo Nordisk Foundation.
Green Transition
The state investment fund EIFO sees great potential in companies contributing to the green transition. They emphasize the importance of risk-tolerant capital to commercialize advanced research and support sustainable innovations like those from EvodiaBio.
