Novo Holdings and EIFO led a €20m Series A round in MATR Foods.

Novo Holdings, the holding and investment company of the Novo Nordisk Foundation, and EIFO, Denmark's national promotional bank and official export credit agency, led a €20m Series A round in MATR Foods, a producer of fermented plant-based meat alternatives. The proceeds of the fundraise will be used to expand MATR Foods’ fermentation facility in Ansager, Denmark, increasing production capacity to 4,000 tonnes per year by early 2027 and creating around 60 new jobs to support customers in Germany, Switzerland, and Denmark.