Austrian food-tech start-up Revo Foods has successfully completed a €1.6 million crowdfunding round through the Funder Nation platform.

The company said the capital, raised from a total of 212 investors, will significantly contribute to the further development and upscaling of its production process.

Established in 2019, the start-up produces a range of plant-based protein products made from mycoprotein, a fermented fungi ingredient, and using its proprietary 3D structuring technology.

Initially, its focus was on seafood alternatives, having launched the world-first 3D-printed plant-based salmon in European retail in 2023. Since then, the company has introduced innovative additions to its alt-seafood portfolio including The Kraken, a hyper-realistic octopus alternative – and has branched out into the functional foods category this year with the debut of The Prime Cut and Minced Fungi Protein, marking its expansion beyond seafood substitutes.

Revo’s Food Fabricator X2 process enables mass production of plant-based food products with 3D printing and high-precision extrusion technology. It enables mass customisation, allowing for flexible control of product parameters like size, shape, material or texture.

The company said the recent funding raise will support it in achieving profitability with its products and advance the technology to a point where it will be relevant for other food applications through licensing models.

By optimising its production technology, Revo aims to increase its monthly throughput to 60 tons in the near future, meeting increasing demand for sustainable alternative protein products.

A quarter of the capital will be invested in the further development and upscaling of its machines, while one-third will be invested in the company’s R&D workforce. The remaining capital will go toward sales and marketing initiatives.

Top image: © Revo Foods