The financing was totaling more than 1.5 million euros. Investors include Hazelpond Capital, friends2grow and MKO Holdings, as well as support from the Austrian Research Promotion Agency (FFG) and the Vienna Business Agency.
Revo Foods has been developing its plant-based fish alternatives in Vienna since last year, with the aim of fully replicating the texture, structure, taste and nutritional profile of fish such as salmon and tuna, but with 100% plant-based ingredients.
According to the company, it has developed a new technology based on a food 3D printing process that precisely recreates the texture and appearance of fish and seafood. In the 3D printing process, natural and healthy ingredients such as pea proteins, algae extracts and fiber are combined. This lays the ground for nutritional value and taste and provides the products a realistic look, the company says. In addition, the process has been optimized to avoid food waste in the production process and to get more healthy vitamins and omega-3 oils.
With the products Revo Food wants to offers consumers a healthy and more sustainable alternative to the products of industrial fishing and aquaculture. The first products to hit the market are smoked salmon strips (The Smokey One) and salmon spreads (The Creamy One), while Revo continues to focus fully on developing salmon and tuna sashimi. These products have been available in Austria since the end of 2020 and the company is now planning to expand into other European markets.