REDUCED secures EUR 6 million financing led by Novo Holdings to scale its natural food ingredients business
COPENHAGEN, Denmark, April 4, 2024 /PRNewswire/ -- REDUCED, a Copenhagen-based company that uses fermentation technology to transform food and agriculture industry side streams into natural food ingredients, today announced it has secured EUR 6 million in new financing.
- COPENHAGEN, Denmark, April 4, 2024 /PRNewswire/ -- REDUCED, a Copenhagen-based company that uses fermentation technology to transform food and agriculture industry side streams into natural food ingredients, today announced it has secured EUR 6 million in new financing.
- The global market for savoury food ingredients is estimated to be worth more than EUR 31.5 billion, and EUR 8.8 billion for global clean label savoury flavourings2.
- REDUCED currently supplies more than 100 food service businesses, and delivers ingredients to food manufacturers in collaboration with leading food ingredient suppliers.
- In Denmark, we have a tradition for creating high-value food ingredients companies, and we strongly believe REDUCED could be the next one."