Rival Foods secures €10 million to scale up 

Rival Foods, a spin-off from Wageningen University & Research, has recently raised €10 million in Series B growth financing. The round was led by pension investor APG, on behalf of ABP, with participation from PYMWYMIC and ROM Utrecht Region, and follow-on investment from existing shareholder PeakBridge. Rival Foods has developed a proprietary platform that produces whole-cut meat alternatives.

The products from Rival Foods closely mimic the structure, flavor and mouthfeel of animal-derived meat cuts, while being fully plant-based, clean label and minimally processed. The new funding will enable Rival Foods to double its production capacity at its facility in Geldrop and further scale its proprietary manufacturing technology along with supporting team expansion and international growth.

“This investment marks a major milestone in our mission to make high-quality plant-based meat mainstream,” said Birgit Dekkers, CEO and founder of Rival Foods. “With the backing of world-class investors, we’re ready to scale fast and reshape the future of protein. We’re called Rival for a reason, we’re here to be one.”