A startup that makes cultured mozzarella and ricotta cheeses without cows has just got record funding from investors looking to tap the growing market for environmentally friendly dairy alternatives.Berlin-based Formo will use the $50 million of Series A funding — a record for a European foodtech — to expand its product range into mature and ripened cheeses like cheddar and gruyere. The company will also scale up its precision fermentation technology, it said in an emailed statement Monday.
Source: Formo’s Lab-Grown Mozzarella Gets Funds for Cow-Free Cheese Expansion – Bloomberg