Animal-free cheese producer Formo raises USD50m in Series A funding round
Precision fermentation company Formo has closed a USD50 million Series A financing round led by EQT Ventures, with Elevat3 Capital and Lowercarbon Capital as co-leads. The round also saw participation from Lionheart Ventures, Happiness Capital, and Albert Wenger. Additionally, existing investors Agronomics, CPT Capital, Good Seed Ventures, Grazia Equity, and