Revo Foods, an Austrian startup that developed a method for 3D printing veggie-protein-based salmon, closed the first fundraising round totaling more than €1.5 million. The company representatives said they are “enthusiastic to work with fantastic strategic investors that will really accelerate our 3D printed plant-based seafood market entry.” The 3D printed salmon products are now headed to European markets.
Investors include Hazelpond Capital, friends2grow and MKO Holdings, as well as national funds from FFG Austrian Research Promotion Agency and Vienna Business Agency.
Revo Foods has been developing its plant-based seafood alternatives since last year in Vienna, with the goal to fully recreate the texture, structure, taste and nutritional profile of seafood like salmon and tuna, but with 100% plant-based ingredients.
The company developed a new technology based on a food 3D printing process that precisely recreates the texture and appearance of seafood. In the 3D printing process, natural and healthy ingredients such as pea proteins, algae extracts and dietary fibers are combined for excellent nutritional value and taste. This gives Revo Food’s products a realistic look. In addition, the process was optimized to avoid food waste in the production process and retain more healthy vitamins and omega 3 oils.
“People often ask us: ‘Is your plant-based salmon as healthy as conventional salmon from animals?’. Our answer is no, our plant-based salmon is not as healthy. It is even healthier! Our salmon is high in protein, omega 3, dietary fibers and vitamin B12. Now you don´t need to eat all the toxic salmon waste to get your nutrients while doing something good for the planet at the same time.”
With Revo Food’s products, consumers could find a healthy and more sustainable alternative compared to the products of industrial fishery and aquaculture. The first products that will hit the market are smoked salmon stripes (The Smokey One) and salmon spreads (The Creamy One), while Revo continues to fully focus on the development of salmon and tuna sashimi. These products became available in Austria at the end of 2020 and the company now plans to expand to more European markets.