Brevel Launches Commercial Plant for Microalgae Protein Supply. Credit: Eldad Shatz
Israeli climate foodtech startup Brevel has increased its Seed funding round to $25 million, securing an additional $5 million investment to accelerate its market strategy and further develop its microalgae-based protein for food and beverage applications.
The funding expansion follows the exercise of warrants granted to investors during the initial closing of the Seed round in June 2023. Existing backers, including NevaTeam Partners, Siddhi Capital, the European Union’s EIC Fund, Good Protein Fund, The Food Tech Lab, and PVS Investments, participated in the extension, alongside new investors who joined under the same terms.
Brevel’s cutting-edge technology focuses on sustainable, high-quality alternative protein solutions, positioning the company as a key player in the future of plant-based nutrition.
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Founded in 2017, Brevel is actively working to solve the biggest nutrition challenges that exist today. The company is achieving this by providing truly sustainable plant-based protein which is both color and flavor neutral, and available the first time at an affordable cost for the food industry. Brevel uses non-GMO microalgae grown in a unique breakthrough technology which enables the highest quality of sustainable protein production at cost levels comparable to pea and soy, the leading sources of plant based protein today.
Brevel has revolutionized microalgae-based protein production. Addressing the cost, flavor, functionality, quality, and sustainability limitations of the existing alternative protein market, Brevel’s technology uniquely combines sugar-based fermentation with high-concentration light at industrial scales. This breakthrough results in a competitively priced, neutral-flavored protein, overcoming the challenges associated with current microalgae options. Specifically, it solves the nutritional deficiencies in plant-based dairy and egg products. Brevel’s sustainable and nutritionally rich protein positions it as a future leader in the global plant-based protein market.
“Our investors chose to reinvest, based on Brevel’s impressive progress following the last round,” said Yonatan Golan, co-founder and CEO at Brevel. “We are dedicated to delivering nutritious protein that can replace animal protein in formulations. Our vision as a climate food-tech startup is to reduce the carbon footprint to minimum by developing affordable, flavor-neutral microalgae protein at global scales for consumers. It ticks all the boxes: it’s good for the people, good for our customers, and good for the planet.”
