Veganz Group has established a new subsidiary, Mililk FoodTech, as it prepares to bring in strategic investors later this year.

The move comes as part of a broader effort to commercialise the company's patented food-printing technology and expand its footprint in the plant-based food sector.

Founded on 27 June 2025, Mililk will focus on developing and licensing technologies for plant-based food production, initially concentrating on milk alternatives. It will also explore applications in juices, smoothies and functional beverages.

The company is currently in advanced discussions with potential investors based on a pre-money valuation of €80 million. Veganz plans to retain majority ownership following the investment round, which is expected to raise between €10 million and €20 million in the third quarter of 2025.

Mililk’s core offering is based on its proprietary Mililk technology, which uses 2D printing to produce food and beverages more efficiently than conventional methods. The process reduces packaging by up to 94%, cuts CO₂ emissions by up to 90% and eliminates the need for refrigeration, significantly lowering transport and storage costs.

Anja Brachmueller, CEO of Mililk, said: "In view of the enormous market potential for our Mililk technology platform, we are currently only scratching the surface. The initial order forecast from North America makes it imperative for long-term investors to come on board so that we can build up production capacity as quickly as possible to meet the high demand."

"In the US, we have already identified a production site that has all the necessary permits and offers enough space to produce more than 60 million liters of our plant-based milk alternatives per year. In Europe, we also want to establish six new production sites. Thanks to our strategic partners Develey, Jindilli Beverages and Lassonde Industries, Mililk is excellently positioned to establish itself as a leading provider of sustainable food technologies."

Top image: © Mililk