Dutch food-tech scale-up Revyve has raised nearly €24m in Series B financing, bringing its total capital raised to more than €40m.
Revyve produces highly functional yeast proteins that mimic the performance of eggs in food categories such as bakery, sauces, alternative meat and plant-based dairy.
Unlike many substitutes, Revyve’s ingredients are natural, more sustainable and price competitive, helping manufacturers to respond to three pressing industry challenges
- rising egg costs: volatile pricing is driving demand for affordable and price-stable alternatives
- scrutiny of ultra-processed foods: brands are under pressure to eliminate additives while keeping functionality
- sustainability: major retailers and food manufacturers are demanding cuts to carbon dioxide footprints throughout the supply chain.
“Food manufacturers are cutting back on eggs to offset increasing prices and reach sustainability targets, but replicating their unique functionality is crucial to maintaining the texture and mouthfeel consumers are used to.”
“This is exactly where our yeast proteins come in, providing an affordable and clean label solution for egg replacement or egg reduction,” said Cedric Verstraeten, CEO of Revyve.
“This funding round marks a tipping point for us: allowing us to modularly scale production and branch out to more food categories and serve our sustainable solutions to larger customers worldwide”
Scaling production in the Netherlands
In 2024, Revyve commissioned its first-of-a-kind (FOAK) production facility in Dinteloord, the Netherlands.
Already running at capacity for several customers, the site has proven the company’s ability to produce and sell industrial volumes.
With this new investment, Revyve will expand output to more than 1600 tons per year, ensuring a reliable supply for global accounts.
Verstraeten adds: “Strong regional support from both the Wageningen and Brabant ecosystems has enabled us to scale to industrial levels in record time. With a stellar team and strong investor backing, we have an incredibly solid foundation for global expansion.”
Looking ahead
With industrial production in full swing, Revyve is already serving customers across Europe, UK, USA, Canada, Mexico and Australia.