Rival Foods, a Dutch company developing alternative protein technologies, has secured investment from PeakBridge Growth II.

The PeakBridge-led investment was joined by France’s Roquette Ventures.

A spin-off from Wageningen University & Research, Rival Foods aims to “revolutionise” the plant-based meat and fish analogues market by creating products using shear cell technology.

Developed by the university, the technology produces layered and fibrous structures, resembling meat, from plant proteins. The process can be performed in a conical Shear Cell or – on a larger scale – in a cylindrical Couette Cell.

Rival Foods will use the new funding to support its product development efforts, expand its operational capabilities and scale up its technologies.

In addition to Rival Foods, PeakBridge’s Growth II has also invested in Standing Ovation, which develops animal- and lactose-free substitutes for conventional dairy products using microbial fermentation.

Erich Sieber, general partner and co-founder of PeakBridge, said: “Product innovation, meeting new consumer needs and resource optimisation are long-term solutions that agri-food tech funds such as PeakBridge, and innovative companies, such as Rival Foods and Standing Ovation, help drive”.

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