Parma, Italy-based Dreamfarm, a meals tech startup that produces plant-based alternate options to cheese, introduced on Monday that it has raised €5M in funding.
The financing spherical was backed by two achieved entrepreneurs — Giampaolo Cagnin, a serial entrepreneur who based Italiana Ingredienti, Campus, and Hello-Meals, and Francesco Mutti, the proprietor, and CEO of the Mutti Group.
“We invested within the venture as a result of we consider there’s a actual alternative to revolutionise the sector, because of important technological improvements and an enticing and extremely recognizable branding on the shelf,” says Cagnin.
The Italian firm will use the funds to ascertain a manufacturing facility in Sala Baganza (PR), geared up with particular equipment to optimise a novel and patented manufacturing course of.
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