Announced
Financials
Sources
Tags
Private
Single Bidder
Cross Border
Minority
Private Equity
Venture Capital
Friendly
Food Products
Acquisition
Completed
Austria
foodtech company
Synopsis
Telos Impact, a reference advisory firm for individuals and families to realize their philanthropic and impact investing ambitions, led a €12m Series A round in Kern Tec, an Austrian foodtech company utilizing upcycling to produce valuable food products, with participation from PeakBridge and European Innovation Council Fund. “This investment will accelerate our global scaling capabilities and enable more products to the market that are derived from the valuable stone fruit seeds. This will scale our impact of reducing waste, whilst unlocking further growth in the plant-based dairy industry,” Luca Fichtinger, Kern Tec Co-Founder and Managing Director.
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