French startup Edonia raises €15 million for microalgae-based meat alternative
French foodtech company Edonia, which supplies ready-to-eat microalgae-based protein ingredients, has raised €15 million to expand commercial use of its products. The company says its ingredients can have up to 27 times lower carbon footprint than beef.
French foodtech startup Edonia has raised €15 million to scale up the commercial use of its microalgae-based protein ingredients. The company operates as a B2B supplier, producing ready-to-eat protein ingredients for the food industry.
The funding round
The round was led by SWEN Blue Ocean 2, Asterion Ventures, EIT Food, and Bpifrance. This marks the company's second significant funding milestone, following a previous €2 million round raised in 2024, which was covered by EU-Startups at the time.
Product and its benefits
Edonia's ingredients are positioned as a meat alternative with a notably lower climate impact during production. According to the company, its microalgae-based protein can have a carbon footprint up to 27 times lower than that of beef production. This level of reduction makes the product potentially attractive to food manufacturers seeking more sustainable ingredients for their product lines.
The fresh capital will allow the company to expand its ingredient range and supply capacity to meet growing demand for plant- and microalgae-based protein alternatives. Europe's alternative protein sector has been attracting increasing investor interest in recent years, as food producers and consumers look for ways to reduce greenhouse gas emissions linked to agriculture.
