Yeasty, a foodtech startup that offers an alternative source of protein to the agri-food industry, has raised 1.4 million euros from Asterion Ventures, Caméléon Invest, Satgana, and Business Angels. The funds will be used to accelerate Yeasty's research and development and position it as a leader in the plant-based substitutes market.
Founded in 2021 by Juan Londono, Nikola Stefanovic, and Mathieu Durand, Yeasty collects unused brewer's yeast and turns it into a sustainable and accessible nutritional protein for producing protein-rich ingredients and food products. The company aims to help the agri-food industry reduce the list of additives, including the methylcellulose found in almost all agri-food products, through the use of this alternative protein.
Yeasty targets several players in the industry for different uses, including vegetarian/flexitarian alternatives to meat, sports nutrition, medical nutrition, pet food, protein-rich starches, alternative cheeses and eggs, and bread.
2CFinance conducted Yeasty's due diligence, and the company has received financial backing from a range of investors. Asterion Ventures is a Paris-based venture capital firm that invests in early-stage technology companies. Caméléon Invest is a venture capital firm that invests in startups focused on social issues. Satgana is a consulting and investment firm that specializes in sustainable development and environmental issues. Business Angels are private investors who provide funding to startups and early-stage companies.
Yeasty's focus on sustainable protein sources and the reduction of harmful additives in food products aligns with the growing trend toward ethical and environmentally responsible eating. As such, Yeasty is well-positioned to capitalize on the shift away from traditional meat-based diets toward plant-based alternatives. With this latest injection of funds, Yeasty is poised to become a major player in the alternative protein market.