Perfeggt brings in first capital to shell out plant-based egg alternative – Frankfurt Valley

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Perfeggt announces the completion of their first funding round with $2.8 Million. 👏🏻

Sales of plant-based alternatives, like dairy and meat, are surging globally, and Perfeggt wants to do the same for the egg.

The Berlin-based foodtech company is poised to debut its chicken-less egg product in the first quarter of 2022 in Germany, Switzerland and Austria. Today, the company announced it raised $2.8 million in its first funding round to aid the initial launch and then expand further in Europe later in 2022.

Backers in the round include EVIG Group, Stray Dog Capital, E2JDJ, Tet Ventures, Good Seed Ventures, Sustainable Food Ventures and Shio Capital.

Perfeggt CEO Tanja Bogumil co-founded the company, which is part of Lovely Day Foods GmbH, earlier this year with Gary Lin, EVIG’s founder and CEO, and Bernd Becker, who was a long-time head of R&D for Rügenwalder Mühle, a German vegetarian and vegan meat maker.

Perfeggt’s first plant-based egg product is a protein-rich liquid alternative made from fava beans. It can be prepared as a scrambled egg or omelet in the pan. The company will initially be launching its product with food service organizations.

As with all food, taste is king, and with this product, the co-founders worked to create similar mouth feel, sensory, flavors and textures — all elements that Bogumil says are needed to get people to switch to a plant-based equivalent.

“This is something we spent time on figuring out,” she added. “Our product is built around the fava bean, which is very suited to mimic functionality required for these applications.”

The new funding enables the company to build out its team at its headquarters and R&D facility. The company is currently hiring for food scientists, marketing and R&D.

Perfeggt:- https://www.perfeggt.co

Edited By:- Shafique Fakih (Mainstage Hub)

Article Source:- https://techcrunch.com/2021/11/25/perfeggt-plant-based-egg-alternative/

Go to Publisher: Frankfurt Valley
Author: frankfurtvalley