Clean Food Group raises £2.5m to commercialise sustainable fats technology
The funding round was led by Clean Growth Fund to accelerate the scale-up of sustainable oil alternatives.
Share allotment filed at Companies House
Clean Food Group uses fermentation technology to convert food waste into sustainable oils and fats for the cosmetics, food, and pet nutrition sectors.
Clean Food Group has secured £2.5m in a funding round led by Clean Growth Fund to scale up its sustainable oils and fats technology. The investment brings the company total funding to £13m as it works toward commercialisation by 2025.
The biotechnology firm uses fermentation to transform food waste into viable alternatives for traditional ingredients like high oleic palm oil, aiming to address deforestation and greenhouse gas emissions associated with conventional agriculture.
Alongside the funding, the company continues to advance its regulatory approval process and expand market applications for its yeast-derived fats across baked goods, confectionery, and cosmetics.
From the founder
"We are delighted to be working with the Clean Growth Fund team… to create a healthier, more sustainable, global food system."
Alex Neves
at Clean Food Group
Investor perspective
"Clean Food Group has an impressive team with a broad set of skills… They are well placed to commercialise the manufacture of palm oil substitutes and reduce the reliance the food industry has on palm oil."
Beverley Gower-Jones
Founder, Clean Growth Fund
Use of funds
- 01Continue product development
- 02Scale operations
Investors
Categories
About the company
Clean Food Group
Clean Food Group produces sustainable oils and fats from food waste using fermentation.